HR 7355 115th Congress House

PRRADA

Official title: To impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title III of the Puerto Rico Oversigh… Show full official titleShow less

Introduced: December 19, 2018 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov

Law BankruptcyCaribbean areaDebt collectionGovernment ethics and transparency, public corruption

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Lawyers and legal servicesLegal fees and court costsPuerto RicoU.S. territories and protectorates

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 19, 2018

Referred to the House Committee on the Judiciary.

Dec 19, 2018

Introduced in House

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Latest action December 19, 2018

Referred to the House Committee on the Judiciary.

Plain-English summary Congressional Research Service

Puerto Rico Recovery Accuracy in Disclosures Act of 2018 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.

Bill text 1 version