PRRADA became law 332 days after introduction, with cosponsors from both parties
Written by the Congressional Research Service [2]. 116 words.
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.
- Committees
- House Judiciary Committee
Senate Energy and Natural Resources Committee - Policy area
- Law: 21 of 781 bills became law, 113th–118th (2.7%)
- Sponsor
- 4 of 288 bills enacted since 2013
- Text versions
- 7, from enrolled bill to public law · 978 words
- Subjects
- Accounting and auditingBankruptcyCaribbean areaDebt collectionFinance and Financial SectorGovernment ethics and transparency, public corruption +4 more
- Latest action
- Jan 20, 2022: Became Public Law No: 117-82.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 1 in all.
Identical or companion · 1
- 117th S. 375 PRRADA D · Introduced