Puerto Rico Humanitarian Relief and Reconstruction Act
Legislative Progress
Momentum (last 30 days)
0
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 3,548 other S bills in the 114th — cohort avg 43d
Puerto Rico Humanitarian Relief and Reconstruction Act This bill establishes a Puerto Rico Reconstruction Finance Corporation to accept applications from the government of Puerto Rico or its municipalities to restructure their bond debts through a process under which: (1) the corporation will purchase the bonds from bond holders at the price the holder paid for the bond, and (2) the par value of each bond is reduced to the last price paid for the bond. Impairment of pension benefits is not permitted. The board of the corporation must consist of six members appointed by the President from lists submitted by Puerto Rico's legislature and governor and one member selected in the sole discretion of the President, each of whom must reside in, and have expertise in the economy, history, and government of, Puerto Rico. The corporation may: (1) make expenditures to address Puerto Rico's humanitarian crisis and restore economic growth; (2) authorize lending activities; and (3) negotiate with Puerto Rico or its municipalities that have defaulted on bonds over budgets, revenues, and appropriations. The bill expresses the sense of Congress that: (1) the Board of Governors of the Federal Reserve System has the authority to provide emergency financing to Puerto Rico to facilitate an orderly restructuring of its debt, (2) the Puerto Rico government should set aside any debt held by Puerto Rico that is found by the Commission for the Comprehensive Audit of Puerto Rico's Public Debt to have been acquired in violation of the Puerto Rico constitution, and (3) Puerto Rico should suggest that debt holders seek redress from investment banks that helped market and sell any unconstitutional instruments. The bill amends the federal bankruptcy code to treat Puerto Rico as a state under chapter 9 (Adjustment of Debts of a Municipality) to permit Puerto Rico to authorize its public corporations to be debtors. The bill amends the Social Security Act to: (1) eliminate certain funding caps under title XI (General Provisions, Peer Review, Administrative Simplification) and the Federal Medical Assistance Percentage limitation under title XIX (Medicaid) for Puerto Rico; (2) apply the 100% Federal Poverty Level limitation to Puerto Rico under title XIX; (3) extend application of the Medicare payment rate floor to certain primary care services in Puerto Rico under the Medicaid program; (4) repeal the exclusion of residents of Puerto Rico from deemed enrollment under part B (Supplementary Medical Insurance Benefits) of title XVIII (Medicare) and, thus, automatically enroll them; and (5) make permanent certain title XVIII part B incentive payments for primary care services in Puerto Rico. The Centers for Disease Control and Prevention must update the National Environmental Public Health Tracking Network to include Puerto Rico, including Vieques. The Department of Health and Human Services must award a grant to an institution of higher education in Puerto Rico to study the environmental and biological health of Vieques residents. The bill establishes grant programs and revises standards for renewable energy and energy efficient commercial buildings and homes in Puerto Rico. It provides additional funding to the Department of Transportation (DOT) through FY2026 for the Puerto Rico Highway Program. Through FY2021 for Puerto Rico, the bill provides additional funding for: DOT infrastructure investments under the Transportation Investment Generating Economic Recovery (TIGER) discretionary grant program, passenger and freight rail projects, the Airport Improvement Program, and ferry boats and terminals; Environmental Protection Agency capitalization grants for Puerto Rico water pollution control revolving funds and drinking water treatment revolving loan funds; Rural Utilities Service programs; Department of Agriculture rural energy programs; U.S. Army Corps of Engineers projects; Federal Emergency Management Agency (FEMA) flood reduction projects; broadband and telecommunications programs; and housing and community development. The Internal Revenue Code is amended to make citizens of Puerto Rico eligible for the federal earned income tax credit and allow them to claim the refundable portion of the child tax credit on the same basis as U.S. taxpayers. Before 2019, the State Elections Commission of Puerto Rico must provide for a binding vote or series of votes on whether Puerto Rico should: be admitted as a U.S. state, become a sovereign nation, or continue the status quo as a U.S. commonwealth territory and reform its government. If a majority votes for admission as a U.S. state, the President must issue a proclamation to begin a transition process that will culminate in such admission within four years after the vote is certified.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2016 · fourth_quarter · Marine/Maritime/Boating/Fisheries
H.R. 980/S. 373 - Vessel Incidental Discharge Act - Advocacy in support of passage of the legislation or its inclusion in H.R. 4909/S. 2814 National Defense Authorization Act or H.R. 2028 Further Continuing and Security Assistance Appropriations Act. H.R. 1248/S. 1717 - Delta Queen exemption legislation - Advocacy in support of passage of the legislation, which would allow the Delta Queen to resume operations on the Mississippi River. H.R. 870/S. 1774/S. 2676/S.3044 - Puerto Rico Chapter 9 Uniformity Act (and related legislation) - Advocacy to ensure that modifications or studies of the Jones Act were not considered as part of this legislation. S. 2012 - Energy Policy Modernization Act - Advocacy to ensure that modifications or studies of the Jones Act were not considered as part of this legislation; advocacy in support of reserving some portion of U.S. crude exports for U.S.-Flag carriers. H.R. 2028 - Further Continuing and Security Assistance Appropriations Act - Advocacy in support of adding H.R. 980/S. 373 Vessel Incidental Discharge Act language to the bill; advocacy in support of appropriating the fully authorized funding level for the Maritime Security Program. H.R. 4900 - Puerto Rico Oversight, Management and Economic Stability Act - Advocacy to ensure that modifications or studies of the Jones Act were not considered as part of this legislation. H.R. 4909/S. 2814 - National Defense Authorization Act of 2017 - Advocacy in support of the House version of the bill, which included H.R. 980/S. 373 Vessel Incidental Discharge Act language, and advocacy in support of its being included in the final conference report. H.R. 1567/S. 1252 - Global Food Security Act - Advocacy in support of the PL 480 Food for Peace Program; advocacy to ensure that no changes to PL 480 or to cargo preference laws were included within the Act. H.R. 5054/S. 2956 - FY 2017 Agriculture Appropriations Act - Advocacy in support of an increase in the appropriation for the PL 480 Food for Peace Program. H.R. 5303/S. 612 - Water Infrastructure Improvements for the Nation Act - Advocacy in support of on-going waterways improvements to improve navigation on inland waterways and to support port dredging programs H.R. 5394/S. 2844 - FY 2017 Transportation/HUD Appropriations Act - Advocacy in support of funding for Maritime Administration related programs, including training vessels for the state maritime academies and Title XI shipbuilding grants. H.R. 5531/H.R. 5978 - Miscellaneous Maritime Transportation Amendments Act of 2016 - Advocacy in support of technical corrections included in this legislation. DRAFT - Coast Guard Authorization Act of 2017 - Discussions with House committee staff in regards to priorities to be included in the 2017 authorization when it is finalized. Legislative Proposals and General Issue Areas: Jones Act - On-going discussions with staff about support for the Jones Act and providing rebuttals to anti-Jones Act related lobbying from various non-maritime groups. LNG and oil exports using US-flag shipping proposals - Discussions with staff regarding the potential of reserving certain cargos of LNG and crude oil exports on U.S.-Flag vessels. Maritime Security Program full funding for FY 2017 - Discussions and advocacy to ensure MSP is funded at the fully authorized level in FY 2017. Maritime Security Program full funding for FY 18-23 - Discussions and advocacy to ensure MSP is funded at levels sufficient to maintain the fleet, including increases in authorization and appropriation in future years between FY 18 and FY 23. King's Point (US Merchant Marine Academy) sexual harassment issues - Discussion and participation in meetings with staff regarding the allegations of sexual harassment at the USMMA and potential plans to address it, as well as educating staff on current practices at union affiliated training schools. Tonnage Tax reform - Discussion with staff regarding future tonnage tax reform to expand the program and ensure that IRS guidance and practice reflects Congressional intent in the on-going implementation of the tonnage tax. PL-480 Food Aid funding levels and reform issues - Discussion with staff regarding potential reforms possible to increase the speed and decrease concerns with U.S.-Flag shipping of foreign food aid, as well as discussion about increases in PL-480 appropriations. Cargo Preference - Discussion with staff regarding increases to the cargo preference percentages required under the law, as well as on-going efforts to protect cargo preference in regards to foreign aid and Ex-Im Bank financed cargos. National Maritime Strategy - Discussion with staff over the Maritime Administration's national maritime strategy plan. Maritime regulatory issues - Discussions with staff over regulatory reform issues, particularly those that impact U.S.-Flag carriers but are not present in the foreign sailing international fleet.
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
Client expense: $50,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, Maritime Administration (MARAD), SENATE
2016 · fourth_quarter · Agriculture
AGR - Agriculture H.R. 4160, Rural Broadband Infrastructure Investment Act (introduced 12/2/2015) - all provisions related to cable S. 3044, Puerto Rico Humanitarian Relief and Reconstruction Act (introduced on 6/9/2016) - all provisions related to cable H.R. 5897, Precision Farming Act of 2016 (introduced 7/14/2016) - all provisions related to cable H.R.6336 - B-CROP Act of 2016 (introduced 11/17/2016) - all provisions related to cable
Client expense: $150,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · third_quarter · Agriculture
AGR - Agriculture H.R. 4160, Rural Broadband Infrastructure Investment Act (introduced 12/2/2015) - all provisions related to cable S. 3044, Puerto Rico Humanitarian Relief and Reconstruction Act (introduced on 6/9/2016) - all provisions related to cable H.R. 5897, Precision Farming Act of 2016 (introduced 7/14/2016) - all provisions related to cable
Client expense: $150,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · second_quarter · Agriculture
AGR - Agriculture H.R. 4160, Rural Broadband Infrastructure Investment Act (introduced 12/2/2015) - all provisions related to cable S. 3044, Puerto Rico Humanitarian Relief and Reconstruction Act (introduced on 6/9/2016) - all provisions related to cable
Client expense: $150,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
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