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A bill to provide the option of discharging certain unsecured financial obligations of self-governing territories of the United States.

USA115th CongressS-3262| Senate 
| Updated: 7/25/2018
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (4)
Edward J. Markey (Democratic)Kirsten E. Gillibrand (Democratic)Kamala D. Harris (Democratic)Bernard Sanders (Independent)

Energy and Natural Resources Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 25, 2018
Introduced in Senate
Jul 25, 2018
Read twice and referred to the Committee on Energy and Natural Resources.
Sep 24, 2018

Latest Companion Bill Action

HR 115-6827
Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.
  • July 25, 2018
    Introduced in Senate


  • July 25, 2018
    Read twice and referred to the Committee on Energy and Natural Resources.


  • September 24, 2018

    Latest Companion Bill Action

    HR 115-6827
    Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.

Government Operations and Politics

Related Bills

  • HR 115-6827: To provide the option of discharging certain unsecured financial obligations of self-governing territories of the United States.
Accounting and auditingAppropriationsBank accounts, deposits, capitalBankruptcyBudget deficits and national debtCaribbean areaCivil actions and liabilityDisaster relief and insuranceEmployee benefits and pensionsExecutive agency funding and structureFederal district courtsGovernment liabilityGovernment studies and investigationsGovernment trust fundsJudicial review and appealsJurisdiction and venuePuerto RicoSecuritiesState and local financeU.S. territories and protectorates

A bill to provide the option of discharging certain unsecured financial obligations of self-governing territories of the United States.

USA115th CongressS-3262| Senate 
| Updated: 7/25/2018
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 25, 2018
Introduced in Senate
Jul 25, 2018
Read twice and referred to the Committee on Energy and Natural Resources.
Sep 24, 2018

Latest Companion Bill Action

HR 115-6827
Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.
  • July 25, 2018
    Introduced in Senate


  • July 25, 2018
    Read twice and referred to the Committee on Energy and Natural Resources.


  • September 24, 2018

    Latest Companion Bill Action

    HR 115-6827
    Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (4)
Edward J. Markey (Democratic)Kirsten E. Gillibrand (Democratic)Kamala D. Harris (Democratic)Bernard Sanders (Independent)

Energy and Natural Resources Committee

Government Operations and Politics

Related Bills

  • HR 115-6827: To provide the option of discharging certain unsecured financial obligations of self-governing territories of the United States.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAppropriationsBank accounts, deposits, capitalBankruptcyBudget deficits and national debtCaribbean areaCivil actions and liabilityDisaster relief and insuranceEmployee benefits and pensionsExecutive agency funding and structureFederal district courtsGovernment liabilityGovernment studies and investigationsGovernment trust fundsJudicial review and appealsJurisdiction and venuePuerto RicoSecuritiesState and local financeU.S. territories and protectorates