HR 1702
118th Congress
House
Government Operations and Politics
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.
Introduced: March 22, 2023
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2023
Referred to the Subcommittee on Indian and Insular Affairs .
Mar 22, 2023
Referred to the House Committee on Natural Resources.
Mar 22, 2023
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Indian and Insular Affairs .
Committees of jurisdiction
2