(b) ASSESSMENT AND REPORT.—Not later than two 
years after the date of enactment of this Act, the Comp-
troller General shall examine the economic conditions in 
Puerto Rico and shall transmit a report to Congress as-
sessing the impact of applying the regulations described 
in subsection (a) to Puerto Rico, taking into consideration 
regional, metropolitan, and non-metropolitan salary and 
cost-of-living differences. 
(c) SENSE OF CONGRESS.—It is the sense of Con-
gress that— 
(1) the Bureau of the Census should conduct a 
study to determine the feasibility of expanding data 
collection to include Puerto Rico and the other 
United States territories in the Current Population 
Survey, which is jointly administered by the Bureau 
of the Census and the Bureau of Labor Statistics, 
and which is the primary source of labor force sta-
tistics for the population of the United States; and 
(2) if necessary, the Bureau of the Census 
should request the funding required to conduct this 
feasibility study as part of its budget submission to 
Congress for fiscal year 2018. 
SEC. 405. AUTOMATIC STAY UPON ENACTMENT. 
(a) DEFINITIONS.—In this section: 
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(1) LIABILITY.—The term ‘‘Liability’’ means a 
bond, loan, letter of credit, other borrowing title, ob-
ligation of insurance, or other financial indebtedness, 
including rights, entitlements, or obligations whether 
such rights, entitlements, or obligations arise from 
contract, statute, or any other source of law related 
to such a bond, loan, letter of credit, other bor-
rowing title, obligation of insurance, or other finan-
cial indebtedness in physical or dematerialized form, 
of which— 
(A) the issuer, obligor, or guarantor is the 
Government of Puerto Rico; and 
(B) the date of issuance or incurrence pre-
cedes the date of enactment of this Act. 
(2) LIABILITY
CLAIM.—The term ‘‘Liability 
Claim’’ means, as it relates to a Liability— 
(A) right to payment, whether or not such 
right is reduced to judgment, liquidated, unliq-
uidated, fixed, contingent, matured, unmatured, 
disputed, undisputed, legal, equitable, secured, 
or unsecured; or 
(B) right to an equitable remedy for 
breach of performance if such breach gives rise 
to a right to payment, whether or not such 
right to an equitable remedy is reduced to judg-
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ment, fixed, contingent, matured, unmatured, 
disputed, undisputed, secured, or unsecured. 
(b) IN GENERAL.—Except as provided in subsection 
(c) of this section, the establishment of an Oversight 
Board for Puerto Rico (i.e., the enactment of this Act) 
in accordance with section 101 operates with respect to 
a Liability as a stay, applicable to all entities (as such 
term is defined in section 101 of title 11, United States 
Code), of— 
(1) the commencement or continuation, includ-
ing the issuance or employment of process, of a judi-
cial, administrative, or other action or proceeding 
against the Government of Puerto Rico that was or 
could have been commenced before the enactment of 
this Act, or to recover a Liability Claim against the 
Government of Puerto Rico that arose before the en-
actment of this Act; 
(2) the enforcement, against the Government of 
Puerto Rico or against property of the Government 
of Puerto Rico, of a judgment obtained before the 
enactment of this Act; 
(3) any act to obtain possession of property of 
the Government of Puerto Rico or of property from 
the Government of Puerto Rico or to exercise control 
over property of the Government of Puerto Rico; 
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(4) any act to create, perfect, or enforce any 
lien against property of the Government of Puerto 
Rico; 
(5) any act to create, perfect, or enforce against 
property of the Government of Puerto Rico any lien 
to the extent that such lien secures a Liability Claim 
that arose before the enactment of this Act; 
(6) any act to collect, assess, or recover a Li-
ability Claim against the Government of Puerto Rico 
that arose before the enactment of this Act; and 
(7) the setoff of any debt owing to the Govern-
ment of Puerto Rico that arose before the enactment 
of this Act against any Liability Claim against the 
Government of Puerto Rico. 
(c) STAY NOT OPERABLE.—The establishment of an 
Oversight Board for Puerto Rico in accordance with sec-
tion 101 does not operate as a stay— 
(1) solely under subsection (b)(1) of this sec-
tion, of the continuation of, including the issuance or 
employment of process, of a judicial, administrative, 
or other action or proceeding against the Govern-
ment of Puerto Rico that was commenced on or be-
fore December 18, 2015; or 
(2) of the commencement or continuation of an 
action or proceeding by a governmental unit to en-
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force such governmental unit’s or organization’s po-
lice and regulatory power, including the enforcement 
of a judgment other than a money judgment, ob-
tained in an action or proceeding by the govern-
mental unit to enforce such governmental unit’s or 
organization’s police or regulatory power. 
(d) CONTINUATION OF STAY.—Except as provided in 
subsections (e), (f), and (g) the stay under subsection (b) 
continues until the earlier of— 
(1) the later of— 
(A) the later of— 
(i) February 15, 2017; or 
(ii) six months after the establishment 
of an Oversight Board for Puerto Rico as 
established by section 101(b); 
(B) the date that is 75 days after the date 
in subparagraph (A) if the Oversight Board de-
livers a certification to the Governor that, in 
the Oversight Board’s sole discretion, an addi-
tional 75 days are needed to seek to complete 
a voluntary process under title VI of this Act 
with respect to the government of the Common-
wealth of Puerto Rico or any of its territorial 
instrumentalities; or 
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(C) the date that is 60 days after the date 
in subparagraph (A) if the district court to 
which an application has been submitted under 
subparagraph 601(l)(1)(D) determines, in the 
exercise of the court’s equitable powers, that an 
additional 60 days are needed to complete a vol-
untary process under title VI of this Act with 
respect to the government of the Common-
wealth of Puerto Rico or any of its territorial 
instrumentalities; or 
(2) with respect to the government of the Com-
monwealth of Puerto Rico or any of its territorial in-
strumentalities, the date on which a case is filed by 
or on behalf of the government of the Common-
wealth of Puerto Rico or any of its territorial instru-
mentalities, as applicable, under title III. 
(e) JURISDICTION, RELIEF FROM STAY.— 
(1) The United States District Court for the 
District of Puerto Rico shall have original and exclu-
sive jurisdiction of any civil actions arising under or 
related to this section. 
(2) On motion of or action filed by a party in 
interest and after notice and a hearing, the United 
States District Court for the District of Puerto Rico, 
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