I 
117TH CONGRESS 
2D SESSION 
H. R. 7409 
To modify the conditions for the termination of an oversight board, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 5, 2022 
Mr. TORRES
of New York (for himself, Miss GONZA´LEZ-COLO´N, Ms. 
VELA´ZQUEZ, Mr. SOTO, and Mr. GRIJALVA) introduced the following bill; 
which was referred to the Committee on Natural Resources, and in addi-
tion to the Committee on the Judiciary, for a period to be subsequently 
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned 
A BILL 
To modify the conditions for the termination of an oversight 
board, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Territorial Relief 
Under Sustainable Transitions for Puerto Rico Act of 
2022’’ or the ‘‘TRUST for Puerto Rico Act of 2022’’. 
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SEC. 2. MODIFICATION TO CONDITIONS FOR TERMINATION. 
(a) IN GENERAL.—Section 209 of the Puerto Rico 
Oversight, Management, and Economic Stability Act (48 
U.S.C. 2149) is amended— 
(1) in the matter preceding paragraph (1), by 
striking ‘‘upon’’ and inserting ‘‘not later than 90 
days after’’; 
(2) by striking paragraph (1); and 
(3) in paragraph (2)— 
(A) in the matter preceding subparagraph 
(A), by striking ‘‘at least 4’’ and inserting ‘‘at 
least 2’’; and 
(B) in subparagraph (B), by inserting 
‘‘and without regard to whether the applicable 
Budget provides for the payment of debt serv-
ice’’ after ‘‘standards’’. 
(b) EFFECTIVE DATE.—Each amendment made by 
subsection (a) shall take effect and apply as if enacted 
as part of the Puerto Rico Oversight, Management, and 
Economic Stability Act. 
(c) TRANSFER OF FUNCTIONS.—Upon certification 
of an Oversight Board under section 209 of the Puerto 
Rico Oversight, Management, and Economic Stability Act 
(48 U.S.C. 2149), as amended by subsection (a), and upon 
the adoption of a resolution by the legislature of a terri-
tory and signed by that territory’s governor setting forth 
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the manner in which such termination shall be imple-
mented— 
(1) all property, funds, assets, and records of 
the Oversight Board shall be transferred to the ter-
ritorial government in accordance with the transition 
provisions established by such adopted resolution; 
(2) a copy of all such records of the Oversight 
Board shall be transmitted to Congress; 
(3) with respect to any pending action under 
title III of the Puerto Rico Oversight, Management, 
and Economic Stability Act (48 U.S.C. 2161 et seq.) 
as of the date of the adoption of such resolution, the 
duties and responsibilities of the Oversight Board 
(including the role and capacity set forth under sec-
tion 315 of such title) with respect to such action, 
as of the day before such date of adoption, shall be 
transferred to the territorial government in accord-
ance with the provisions of such adopted resolution; 
(4) with respect to any action taken pursuant 
to the authorities under title VI of the Puerto Rico 
Oversight, Management, and Economic Stability Act 
(48 U.S.C. 2191 et seq.) on or after the date of the 
adoption of such resolution, the duties, responsibil-
ities, and all applicable powers and roles of the 
Oversight Board, including under any other provi-
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