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Puerto Rico Financial Improvement and Bond Guarantee Act of 2015
Legislative Progress
Introduced
October 8, 2015
Latest Action
October 8, 2015
Primary Sponsor
Pedro R. PierluisiDemocratic(PR)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Puerto Rico Financial Improvement and Bond Guarantee Act of 2015 This bill expresses the sense of Congress with respect to the current financial distress of the government of Puerto Rico. The Department of the Treasury may guarantee up to 100% of 30-year bonds issued by the government of Puerto Rico or any of its instrumentalities that are issued solely to finance capital projects or refinance existing debt, but not bonds to finance operational expenses. A guarantee is only permitted if Treasury determines that there is a reasonable prospect of repayment of the principal and interest on the bond to be guaranteed. Treasury shall: examine the financial management practices of the government of Puerto Rico and its instrumentalities, and establish guidelines and recommendations for making improvements in those practices and whether to make a requested guarantee. Appropriations are made to fund the loan guarantees. Treasury may also provide advice and technical assistance to the government of Puerto Rico. The Federal Reserve Act is amended to empower Federal Reserve banks to buy and sell bonds and notes issued by Puerto Rico in anticipation of the collection of taxes or receipt of assured revenues.
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Filing registrants (1)
President's Budget: Portable Benefits Currency Reform Puerto Rico Bill from Natural Resources H.R. 4754: Emergency Financial Manager Reform Act H.R. 870: Puerto Rico Chapter 9 Uniformity Act of 2015 H.R. 3725: Puerto Rico Financial Improvement & Bond Guarantee Act of 2015 H.R. 1464: Inclusive Prosperity Act of 2015 House, Senate, and White House Budget House and Senate Appropriations Process: Funding and Riders FY 2017 Budget Proposal: Budget for Safety and Health agencies
Client expense: $800,000 · Firm income: Not reported
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
President's Budget: Portable Benefits Currency Reform Puerto Rico Bill from Natural Resources H.R. 4754: Emergency Financial Manager Reform Act H.R. 870: Puerto Rico Chapter 9 Uniformity Act of 2015 H.R. 3725: Puerto Rico Financial Improvement & Bond Guarantee Act of 2015 H.R. 1464: Inclusive Prosperity Act of 2015 House, Senate, and White House Budget House and Senate Appropriations Process: Funding and Riders FY 2017 Budget Proposal: Budget for Safety and Health agencies
Client expense: $800,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
S. 1695 Departments of Labor, Health, and Human Services, and Education and Related Agencies Appropriations Act, 2016: amendments, riders, funding, OSHA, MSHA, and NIOSH funding Puerto Rico debt crisis Currency H.R. 2029: Omnibus Appropriations & Tax extenders bill; DOL Agencies funding & riders H.R. 3725: Puerto Rico Financial Improvement & Bond Guarantee Act of 2015
Client expense: $740,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
S. 1695 Departments of Labor, Health, and Human Services, and Education and Related Agencies Appropriations Act, 2016: amendments, riders, funding, OSHA, MSHA, and NIOSH funding Puerto Rico debt crisis Currency H.R. 2029: Omnibus Appropriations & Tax extenders bill; DOL Agencies funding & riders H.R. 3725: Puerto Rico Financial Improvement & Bond Guarantee Act of 2015
Client expense: $740,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
S. 1695 Departments of Labor, Health, and Human Services, and Education and Related Agencies Appropriations Act, 2016: amendments, riders, funding, OSHA, MSHA, and NIOSH funding Puerto Rico debt crisis Currency H.R. 2029: Omnibus Appropriations & Tax extenders bill; DOL Agencies funding & riders H.R. 3725: Puerto Rico Financial Improvement & Bond Guarantee Act of 2015
Client expense: $740,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office