PRRADA

Bill: 117-hr-1192
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2021-02-22 in the House
Policy area: Law
Subjects: Accounting and auditing
Bankruptcy
Caribbean area
Debt collection
Finance and Financial Sector
Government ethics and transparency, public corruption
Lawyers and legal services
Legal fees and court costs
Puerto Rico
U.S. territories and protectorates

Summary:
action_date: 2021-02-22
text: 

Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA

 
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with the debtor, creditors, and other interested parties before seeking compensation for their services. 

action_date: 2021-02-24
text: 

Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA

 
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with the debtor, creditors, and other interested parties before seeking compensation for their services. 

action_date: 2021-12-13
text: 

Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA

 
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with interested parties before seeking compensation for their services. 
 
The Financial Oversight and Management Board for Puerto Rico must establish a list of such interested parties, which shall include the debtor, creditors, any attorney or accountant of the debtor or creditors, persons employed by the U.S. Trustee Program, persons employed by the board, and any other interested party. 
 
Compensation may be denied to such a professional if these disclosures are not filed, are inadequate, or if the professional is found to have certain conflicts of interest.
action_date: 2021-12-18
text: 

Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA

 
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with interested parties before seeking compensation for their services. 
 
The Financial Oversight and Management Board for Puerto Rico must establish a list of such interested parties, which shall include the debtor, creditors, any attorney or accountant of the debtor or creditors, persons employed by the U.S. Trustee Program, persons employed by the board, and any other interested party. 
 
Compensation may be denied to such a professional if these disclosures are not filed, are inadequate, or if the professional is found to have certain conflicts of interest.
action_date: 2022-01-19
text: 

Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA

 
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with interested parties before seeking compensation for their services. 
 
The Financial Oversight and Management Board for Puerto Rico must establish a list of such interested parties, which shall include the debtor, creditors, any attorney or accountant of the debtor or creditors, persons employed by the U.S. Trustee Program, persons employed by the board, and any other interested party. 
 
Compensation may be denied to such a professional if these disclosures are not filed, are inadequate, or if the professional is found to have certain conflicts of interest.
action_date: 2022-01-20
text: 

Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA

 
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with interested parties before seeking compensation for their services. 
 
The Financial Oversight and Management Board for Puerto Rico must establish a list of such interested parties, which shall include the debtor, creditors, any attorney or accountant of the debtor or creditors, persons employed by the U.S. Trustee Program, persons employed by the board, and any other interested party. 
 
Compensation may be denied to such a professional if these disclosures are not filed, are inadequate, or if the professional is found to have certain conflicts of interest.

Legislative actions:
action_date: 2022-01-20
text: Became Public Law No: 117-82.
action_date: 2022-01-20
text: Became Public Law No: 117-82.
action_date: 2022-01-20
text: Signed by President.
action_date: 2022-01-20
text: Signed by President.
action_date: 2022-01-19
text: Presented to President.
action_date: 2022-01-19
text: Presented to President.
action_date: 2022-01-19
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2022-01-19
text: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (text: CR H230-231)
action_date: 2022-01-19
text: Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(text: CR H230-231)
action_date: 2022-01-19
text: DEBATE - The House proceeded with forty minutes of debate on motion to agree to the Senate amendment to H.R. 1192.
action_date: 2022-01-19
text: Ms. Dean moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H230-232)
action_date: 2021-12-20
text: Message on Senate action sent to the House.
action_date: 2021-12-18
text: Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9307-9308; text: CR S9307-9308)
action_date: 2021-12-18
text: Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
action_date: 2021-12-13
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 182.
action_date: 2021-12-13
text: Committee on Energy and Natural Resources. Reported by Senator Manchin with an amendment in the nature of a substitute. With written report No. 117-48. Additional views filed.
action_date: 2021-12-13
text: Committee on Energy and Natural Resources. Reported by Senator Manchin with an amendment in the nature of a substitute. With written report No. 117-48. Additional views filed.
action_date: 2021-11-18
text: Committee on Energy and Natural Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.
action_date: 2021-07-29
text: Committee on Energy and Natural Resources. Hearings held.
action_date: 2021-02-25
text: Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
action_date: 2021-02-24
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2021-02-24
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 429 - 0 (Roll no. 37). (text: 02/23/2020 CR H560-561)
action_date: 2021-02-24
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 429 - 0 (Roll no. 37).(text: 02/23/2020 CR H560-561)
action_date: 2021-02-24
text: Considered as unfinished business. (consideration: CR H611-612)
action_date: 2021-02-23
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2021-02-23
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1192.
action_date: 2021-02-23
text: Considered under suspension of the rules. (consideration: CR H560-563)
action_date: 2021-02-23
text: Ms. Jackson Lee moved to suspend the rules and pass the bill.
action_date: 2021-02-22
text: Referred to the House Committee on the Judiciary.
action_date: 2021-02-22
text: Introduced in House
action_date: 2021-02-22
text: Introduced in House

Enacted as: number: 117-82