legislation: 115-hr-6827

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
115-hr-6827 115 hr 6827 United States Territorial Relief Act of 2018 Government Operations and Politics 2018-09-13 2018-09-24 Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. House Rep. Velazquez, Nydia M. [D-NY-7] NY D V000081 19 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. 2023-01-11T13:41:32Z  

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