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HR 7409 117th Congress House Government Operations and Politics

TRUST for Puerto Rico Act of 2022

Introduced: May 31, 2022 Introduced by: Torres, Ritchie Democratic · New York See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 1, 2022
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Apr 5, 2022
Referred to the Committee on Natural Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 5, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Territorial Relief Under Sustainable Transitions for Puerto Rico Act of 2022 or the TRUST for Puerto Rico Act of 2022

This bill modifies the conditions for the termination of the oversight board for Puerto Rico.

Specifically, the oversight board must terminate not later than 90 days after certification by the board for at least two consecutive fiscal years that (1) the territorial government has developed its budgets in accordance with modified accrual accounting standards; and (2) the expenditures made by the territorial government during each fiscal year did not exceed its revenues, as determined in accordance with such standards and without regard to whether the applicable budget provides for the payment of debt service.

The bill also sets forth provisions regarding the transition of oversight from an oversight board to a territorial government.

What's happening now November 1, 2022

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 10
All 10 Democratic 9
D
Boyle, Brendan F.
Pennsylvania · Dec 22, 2022
 D
McGovern, James P.
Massachusetts · Sep 13, 2022
 D
Ocasio-Cortez, Alexandria
New York · May 31, 2022
 D
García, Jesús G. "Chuy"
Illinois · May 18, 2022
 D
Suozzi, Thomas R.
New York · May 18, 2022
 D
Meng, Grace
New York · May 12, 2022
 D
Espaillat, Adriano
New York · May 10, 2022
Crist, Charlie
· Apr 14, 2022
 D
Soto, Darren
Florida · Apr 5, 2022
 D
Velázquez, Nydia M.
New York · Apr 5, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7409: TRUST for Puerto Rico Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7409/
MLA
"H.R. 7409: TRUST for Puerto Rico Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7409/.
Bluebook (legal)
H.R. 7409, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7409/.
Markdown link
[H.R. 7409: TRUST for Puerto Rico Act of 2022](https://openamerica.io/bill/117-HR-7409/)
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