Summary of Amendments Submitted to the Rules Committee for H.R. 5278 - PROMESA

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

June 8, 2016 9:04 PM

Click on sponsor for amendment text

Barr (KY)

#1

Inserts "legislative actions or" at the beginning of Section 303(3).

Barr (KY)

#2

Incorporates the text of H.R. 5276 into the "Miscellaneous Provisions" portion of the bill.

Bishop, Rob (UT)

#17

MANAGER’S REVISED Makes technical and cross reference corrections to the bill, while improving its general workability. Deletes the opt-in option for other territories, provides an initial funding mechanism for the Oversight Board, permits the Board the opportunity to review territorial laws enacted between May 4, 2016 and the full appointment of the Board, moves up the timeline for when the President must have appointed members to the Board, and provides considerations to the Oversight Board when determining venue.

Bordallo (GU)

#5

Grants the government of Guam flexibility in extending the Social Security program to government of Guam employees.

Bordallo (GU), Pierluisi (PR), Radewagen, Aumua Amata Coleman (AS), Sablan (MP), Plaskett, (VS)

#15

Eliminates the Medicaid cap on the territories and provide parity with the federal medical assistance percentage in force in the territories.

Byrne (AL)

#10

REVISED Requires GAO to submit an biennual report to Congress on the debt and revenue levels of each territory, the drivers of each territory’s debt, the effect of federal policy on each territory’s debt, and the ability of each territory to repay its debt.

Byrne (AL), Graves, Garret (LA), Polis (CO)

#11

REVISED Sets a deadline of 18 months for the report required in Section 410.

Duffy (WI), Pierluisi (PR), Young, Don (AK)

#26

Temporarily eliminates in Puerto Rico a statutory cap that limits the total number of census tracts within a Metropolitan Statistical Area that can be designated as qualified census tracts under the Small Business Administration’s HUBZone program. Requires the SBA to implement a risk-based approach to requesting and verifying information from firms applying to be designated or re-certified as a qualified HUBZone small business.

Ellison (MN)

#21

States the majority of the members appointed to the Oversight Board must be current or former residents of Puerto Rico.

Fleming (LA), Wittman (VA)

#13

Amends the Fiscal Plan to require that the Oversight Board comply with the relative lawful priority of creditors.

Gallego (AZ)

#39

LATE Reduces the possible maximum duration of Section 403 from four years to two years.

Graves (MO), Capuano (MA)

#20

REVISED Gives priority to protecting federal taxpayer assets in Puerto Rico, such as mass transportation assets.

Grayson (FL)

#19

REVISED Ensures that the Bankruptcy Code (Title 11, United States Code) is extended to the Commonwealth of Puerto Rico.

Gutierrez (IL)

#27

LATE Makes the establishment of an “Oversight Board” subject to the adoption of a resolution by the legislature of Puerto Rico.

Gutierrez (IL)

#28

LATE Extends the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) to U.S. citizens on the island of Puerto Rico.

Gutierrez (IL)

#29

LATE Shifts the cost of the Oversight Board from Puerto Rico to the U.S. government.

Gutierrez (IL)

#30

LATE Strikes Section 403.

Gutierrez (IL)

#31

LATE Strikes Section 404 which exempts Puerto Rico from federal overtime rules.

Gutierrez (IL)

#32

LATE Ends disparities in Medicaid and Medicare funding and ensure healthcare parity for Puerto Rico.

Gutierrez (IL)

#33

LATE Amends provisions related to appointments to the Oversight Board.

Gutierrez (IL)

#34

LATE Mandates that the Oversight Board conduct its business in public and in English and Spanish, including in written materials.

Gutierrez (IL)

#35

LATE Reinstates 26 U.S. Code § 936, Puerto Rico and possession tax credit.

Gutierrez (IL)

#36

LATE Ensures full funding of public pensions in Puerto Rico.

Issa (CA)

#6

Changes the burden from “not less than a majority” to “at least two-thirds” for voting requirements with respect to the aggregate Outstanding Principal amount of all the Outstanding Bonds in each Pool when voting to approve a Qualifying Modification.

Issa (CA)

#12

Adds a reinstatement provision, whereby, after its termination, the Oversight Board is reinstated if the territorial government does not produce a balanced budget for two consecutive fiscal years.

Jolly (FL), Curbelo (FL)

#7

Requires the Congressional Task Force on Economic Growth in Puerto Rico to report back to Congress on recommended changes to Federal law and programs that would reduce child poverty.

King, Steve (IA)

#23

Prohibits restructuring of debt incurred before enactment of this Act.

King, Steve (IA)

#37

LATE Provides that the Oversight Board applies only to Puerto Rico and no other territories.

King, Steve (IA)

#38

LATE Provides that this Act does not apply to any debt obligation supported by the full faith and credit of Puerto Rico.

Palmer (AL)

#25

Exempts Puerto Rico from the Jones Act.

Polis (CO), Young, Don (AK), Gallego (AZ)

#18

Declares the entire Commonwealth of Puerto Rico a HUBZone, under the Small Business Act.

Polis (CO)

#24

Strikes section 404.

Radewagen, Aumua Amata Coleman (AS), Sablan (MP), Bordallo (GU), Plaskett, (VS), Pierluisi (PR)

#4

Applies the Child Tax Credit to all Insular areas.

Sablan (MP), Radewagen, Aumua Amata Coleman (AS), Bordallo (GU), Pierluisi (PR)

#16

Provides for reimbursement by the federal government to possessions of the United States, including Puerto Rico and the Commonwealth of Northern Mariana Islands, for costs in providing the Earned Income Tax Credit to low income workers.

Salmon, (AZ), Zinke (MT)

#8

Stops the implementation and enforcement of Administrative Order No. 346 of the Department of Health of the Commonwealth of Puerto Rico, relating to natural products, natural supplements, and dietary supplements, or any successor or substantial similar order, rule, or guidance of the Commonwealth of Puerto Rico.

Sanford (SC)

#9

Provides the government of Puerto Rico with the authority to opt out of the federal minimum wage.

Serrano (NY), Velázquez (NY)

#22

REVISED Preserves the ability of the Puerto Rico Commission for the Comprehensive Audit of the Public Debt to continue its work in analyzing the legality of certain debts issued by the Commonwealth, and allow the government of Puerto Rico or the Oversight Board to act upon any determination by the Commission.

Torres (CA), Gallego (AZ), Capps (CA), Grayson (FL), Murphy, Patrick (FL), Polis (CO)

#3

Strikes Section 403.

Torres (CA)

#14

Clarifies that the Governor of Puerto Rico could not seek additional time beyond four years for the minimum wage to be reduced.