PROMESA
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a US federal law enacted in 2016 that established a financial oversight board, a process for restructuring debt, and expedited procedures for approving critical infrastructure projects in order to combat the Puerto Rican government-debt crisis. Through PROMESA, the US Congress established an appointed Fiscal Control Board (FCB), known colloquially in Puerto Rico as "la junta," to oversee the debt restructuring. With this protection the then-governor of Puerto Rico, Alejandro García Padilla, suspended payments due on July 1, 2016. The FCB's approved fiscal austerity plan for 2017-2026 cut deeply into Puerto Rico's public service budget, including cuts to health care, pensions, and education, in order to repay cre
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2019 term United States Supreme Court opinions of Clarence Thomas2019 term United States Supreme Court opinions of Sonia Sotomayor2019 term United States Supreme Court opinions of Stephen Breyer2021 Puerto Rican congressional delegation election26th Senate of Puerto RicoAlejandro García PadillaAngel FashionAntonio WeissArthur GonzalezBDO GlobalCarlos Saavedra GutiérrezDavid SkeelEconomy_of_Puerto_RicoFinancial Oversight and Management Board for Puerto RicoFinancial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLCFlag of Puerto RicoGovernment of Puerto RicoHistory of Puerto RicoHurricane MariaImplications of Puerto Rico's current political statusJorge Haddock AcevedoJosé Ramón GonzálezLin-Manuel MirandaList of United States federal legislation, 2001–presentList of acts of the 114th United States CongressMecha Wolf 450Mike Mendoza (wrestler)Natalie JareskoNoel ZamotOversight boardPromesaPublic debt of Puerto RicoPuerto Rican government-debt crisisPuerto_RicoPuerto Rico Government Development BankPuerto Rico Industrial Development CompanyPuerto Rico Medical Emergencies CorpsPuerto Rico Oversight, Management, and Economic Stability ActPuerto Rico v. Sanchez ValleRaquel Salas Rivera
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PROMESA
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a US federal law enacted in 2016 that established a financial oversight board, a process for restructuring debt, and expedited procedures for approving critical infrastructure projects in order to combat the Puerto Rican government-debt crisis. Through PROMESA, the US Congress established an appointed Fiscal Control Board (FCB), known colloquially in Puerto Rico as "la junta," to oversee the debt restructuring. With this protection the then-governor of Puerto Rico, Alejandro García Padilla, suspended payments due on July 1, 2016. The FCB's approved fiscal austerity plan for 2017-2026 cut deeply into Puerto Rico's public service budget, including cuts to health care, pensions, and education, in order to repay cre
has abstract
The Puerto Rico Oversight, Man ...... ate tax value of its property.
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Wikipage page ID
50,775,491
page length (characters) of wiki page
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1,021,248,526
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committees
United States House Committee on Natural Resources Judiciary; Education and the Workforce
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enacted by
fullname
To establish an Oversight Boar ...... ances, and for other purposes.
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introducedbill
H.R.4900
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introducedby
Sean Duffy
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introduceddate
2016-05-18
introducedin
name
Puerto Rico Oversight, Management, and Economic Stability Act
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othershorttitles
PROMESA
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passedbody
passeddate
2016-06-09
signeddate
2016-06-30
signedpresident
wikiPageUsesTemplate
comment
The Puerto Rico Oversight, Man ...... ucation, in order to repay cre
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label
PROMESA
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