3.0.0 2526 2022-02-08T23:19:34Z 2022-02-08T23:19:34Z House HR 2019-05-03 116 [Congressional Record Volume 165, Number 73 (Friday, May 3, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 2526.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H3448]]]> hsbu00 Budget Committee House Standing Referred to 2019-05-03T18:31:40Z hsju00 Judiciary Committee House Standing Referred to 2019-05-03T18:31:35Z hsii00 Natural Resources Committee House Standing Referred to 2019-05-03T18:31:30Z United States Territorial Relief Act of 2019 116 1312 S 2019-05-02 Read twice and referred to the Committee on Energy and Natural Resources. Identical bill CRS 2019-05-03 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2019-05-03 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2019-05-03 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2019-05-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-05-03 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2019-05-03 True E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2019-05-03 True G000574 Rep. Gallego, Ruben [D-AZ-7] Ruben Gallego D AZ 7 2019-05-03 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2019-05-03 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2019-05-03 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2019-05-03 True S001165 Rep. Sires, Albio [D-NJ-8] Albio Sires D NJ 8 2019-05-03 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2019-05-03 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2019-05-03 True G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2019-05-10 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2019-07-11 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2019-09-19 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2019-09-24 False O000172 Rep. Ocasio-Cortez, Alexandria [D-NY-14] Alexandria Ocasio-Cortez D NY 14 2020-07-01 False K000379 Rep. Kennedy, Joseph P., III [D-MA-4] Joseph Kennedy D MA P. 4 2020-07-27 False Government Operations and Politics Accounting and auditing Appropriations Bank accounts, deposits, capital Bankruptcy Budget deficits and national debt Caribbean area Civil actions and liability Disaster relief and insurance Employee benefits and pensions Executive agency funding and structure Federal district courts Government liability Government studies and investigations Government trust funds Judicial review and appeals Jurisdiction and venue Puerto Rico Securities State and local finance U.S. territories and protectorates Government Operations and Politics 00 2019-05-03 Introduced in House 2020-05-28T16:39:57Z United States Territorial Relief Act of 2019

This bill establishes a process under which Puerto Rico and other U.S. territories may terminate certain debts if they meet eligibility criteria.

The bill allows territories to terminate their public, unsecured debt if they meet two of three criteria:

  • the population of the territory has decreased by more than 5% over 10 years,
  • the territory received major federal disaster assistance, or
  • the territory's per capita debt exceeds $15,000.

If Puerto Rico discharges its debt under this process, the bill provides funding that a special master must allocate to certain creditors whose debts were discharged.

The bill also establishes a Puerto Rico Public Credit Comprehensive Audit Commission.

]]> United States Territorial Relief Act of 2019 Display Title United States Territorial Relief Act of 2019 Official Title as Introduced To provide the option of discharging certain unsecured financial obligations of self-governing territories of the United States. Introduced in House IH Short Title(s) as Introduced United States Territorial Relief Act of 2019 Introduced in House IH Introduced in House 2019-05-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2526ih/xml/BILLS-116hr2526ih.xml 2019-05-03 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.