United States Territorial Relief Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 13, 2018)
United States Territorial Relief Act of 2018
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, and
- the territory's per capita debt exceeds $15,000.
The bill also provides funding that a special master must allocate to certain creditors whose debts were discharged under this bill.
What just happenedSep 24, 2018
Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.
Who’s behind it
- Introduced in HouseSep 13, 2018
- Sep 24, 2018Committee
Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.
Indian and Insular Affairs Subcommittee - Sep 13, 2018IntroReferralH11100
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.
Budget Committee - Sep 13, 2018IntroReferralH11100
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.
Judiciary Committee - Sep 13, 2018IntroReferralH11100
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.
Natural Resources Committee - Sep 13, 2018IntroReferralIntro-H
Introduced in House
- Sep 13, 2018IntroReferral1000
Introduced in House