Ask AI
Public Law117th CongressLaw
H.R. 1192Became Law

PRRADA

This bill became law

Filed
Comm.
Floor
Both
Law

What it doesSummary public law (Jan 20, 2022)

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.

What just happenedJan 20, 2022

Became Public Law No: 117-82.

Who’s behind it

Rep. Velazquez, Nydia M. [D-NY-7](D-NY)Sponsor
8 cosponsors6 D2 R
Read on Congress.gov
8cosponsors2committees31actions1related bills10subjects
  1. Jan 20, 2022President

    Became Public Law No: 117-82.

  2. Jan 20, 2022BecameLaw36000

    Became Public Law No: 117-82.

  3. Jan 20, 2022President

    Signed by President.

  4. Jan 20, 2022BecameLaw36000

    Signed by President.

  5. Jan 19, 2022Floor

    Presented to President.

  6. Jan 19, 2022President28000

    Presented to President.

  7. Jan 19, 2022ResolvingDifferencesH41931

    Motion to reconsider laid on the table Agreed to without objection.

  8. Jan 19, 2022ResolvingDifferencesH41610

    On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (text: CR H230-231)

  9. Jan 19, 2022NotUsed19500

    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)

  10. Jan 19, 2022FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on motion to agree to the Senate amendment to H.R. 1192.

  11. Jan 19, 2022ResolvingDifferencesH40140

    Ms. Dean moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H230-232)

  12. Dec 20, 2021Floor

    Message on Senate action sent to the House.

  13. Dec 18, 2021Floor

    Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9307-9308; text: CR S9307-9308)

  14. Dec 18, 2021Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

  15. Dec 13, 2021Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 182.

  16. Dec 13, 2021Committee

    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.

    Energy and Natural Resources Committee
  17. Dec 13, 2021Committee14000

    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.

    Energy and Natural Resources Committee
  18. Nov 18, 2021Committee

    Committee on Energy and Natural Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Energy and Natural Resources Committee
  19. Jul 29, 2021Committee

    Committee on Energy and Natural Resources. Hearings held.

    Energy and Natural Resources Committee
  20. Feb 25, 2021IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.

    Energy and Natural Resources Committee
  21. Feb 24, 2021FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  22. Feb 24, 2021FloorH37300

    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)

  23. Feb 24, 2021Floor8000

    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)

  24. Feb 24, 2021FloorH30000

    Considered as unfinished business. (consideration: CR H611-612)

  25. Feb 23, 2021FloorH37220

    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.

  26. Feb 23, 2021FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1192.

  27. Feb 23, 2021FloorH30000

    Considered under suspension of the rules. (consideration: CR H560-563)

  28. Feb 23, 2021FloorH30300

    Ms. Jackson Lee moved to suspend the rules and pass the bill.

  29. Feb 22, 2021IntroReferralH11100

    Referred to the House Committee on the Judiciary.

    Judiciary Committee
  30. Feb 22, 2021IntroReferralIntro-H

    Introduced in House

  31. Feb 22, 2021IntroReferral1000

    Introduced in House

Public LawJan 20, 202249

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.

House agreed to Senate amendmentJan 19, 202259

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.

Passed SenateDec 18, 202155

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.

Reported to SenateDec 13, 202125

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.

Passed HouseFeb 24, 202153

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.

Introduced in HouseFeb 22, 2021

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.

PRRADA — Informed