HR 1702
To amend PROMESA to include certain ethics provisions to provide for the disqualification of certain advisors to the Financial Oversight and Management Board, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill amends the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) to strengthen ethics rules for advisors working with the Financial Oversight and Management Board for Puerto Rico. Specifically, it aims to prevent conflicts of interest by disqualifying advisory firms that have clients or provide services to businesses competing for or performing contracts with the Puerto Rican government. The Oversight Board will need to establish rules to determine when a firm should be disqualified, and there are penalties for providing false information to the Board.
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Primary sponsor
Jenniffer [R-PR-At Large] Rescom. González-Colón
Cosponsors
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