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.
- Last Action
- 4/14/2023
Actions
- 2023-04-14Referred to the Subcommittee on Indian and Insular Affairs .
- 2023-03-22Referred to the House Committee on Natural Resources.
- 2023-03-22Introduced in House
- 2023-03-22Introduced in House
CRS Summary
As of 2023-03-22 (00)
This bill disqualifies certain third-party advisory or consulting firms with a potential conflict of interest from advising a Financial Oversight and Management Board. Such a board has been established for Puerto Rico.
Specifically, a board must establish rules to disqualify any third-party advisory or consulting firm from advising the board for any period during which the firm has a client, or provides consulting services to, an individual, corporation, or other business entity that is competing for or performing a contract with the territorial government, the performance of which is within the board's jurisdiction.
Cosponsors (2)
- Ritchie Torres (D-NY)
- Darren Soto (D-FL)
Sourced from Congress.gov (public domain).
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