,,ii  #aafth ,,congress  #ast ,session  
,s4 #afge  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bc       
7legislative day1 ,may #bb71 #bjai,mr4  
,menendez 7for himself1 ,mr4 ,rubio1    
,mr4 ,blumenthal1 and ,mr4 ,kennedy7    
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,energy and ,natural      
,resources  ,a ,,bill  ,to impose       
requirements on the payment of          
compensation to professional persons    
employed in voluntary cases commenced   
under title ,,iii of ,,promesa4  #a4    
,short title ,this ,act may be cited as 
the ,puerto ,rico ,recovery ,accuracy in
 ,disclosures ,act of #bjai or ,,prrada4
  #b4 ,disclosure by professional       
persons seeking approval of compensation
 under section #caf or #cag of ,,promesa
  7a7 ,required disclosure  7#a7 ,in    
general ,in a voluntary case commenced  
under section #cjd of ,,promesa 7#dh    
,u4,s4,c4 #bafd71 no attorney1          
accountant1 appraiser1 auctioneer1      

agent1 consultant1 or other professional
 person may be compensated under section
 #caf or #cag of that ,act 7#dh         
,u4,s4,c4 #bagf1 #bagg7 unless prior to 
making a request for compensation1 the  
professional person has submitted a     
verified statement conforming to the    
disclosure requirements of rule         
#bjad7;a7 of the ,federal ,rules of     
,bankruptcy ,procedure setting forth the
 connection of the professional person  
with-- 7,a7 the debtor2  7,b7 any       
creditor2  7,c7 any other party in      
interest1 including any attorney or     
accountant2  7,d7 the ,financial        
,oversight and ,management ,board       
established in accordance with section  
#aja of ,,promesa 7#dh ,u4,s4,c4 #baba72
 and  7,e7 any person employed by the   
,oversight ,board described in          
subparagraph 7,d74  7#b7 ,other         
requirements ,a professional person that
 submits a statement under paragraph    
7#a7 shall-- 7,a7 supplement the        
statement with any additional relevant  

information that becomes known to the   
person2 and  7,b7 file annually a notice
 confirming the accuracy of the         
statement4  7b7 ,review  7#a7 ,in       
general ,the ,united ,states ,trustee   
shall review each verified statement    
submitted pursuant to subsection 7a7 and
 may file with the court comments on    
such verified statements before the     
professionals filing such statements    
seek compensation under section #caf or 
#cag of ,,promesa 7#dh ,u4,s4,c4 #bagf1 
#bagg74  7#b7 ,objection ,the ,united   
,states ,trustee may object to          
compensation applications filed under   
section #caf or #cag of ,,promesa 7#dh  
,u4,s4,c4 #bagf1 #bagg7 that fail to    
satisfy the requirements of subsection  
7e74  7#c7 ,right to be heard ,each     
person described in section #aaji of    
title #aa1 ,united ,states ,code1 may   
appear and be heard on any issue in a   
case under this section4  7c7           
,jurisdiction ,the district courts of   
the ,united ,states shall have          

jurisdiction of all cases under this    
section4  7d7 ,retroactivity  7#a7 ,in  
general ,if a court has entered an order
 approving compensation under a case    
commenced under section #cjd of         
,,promesa 7#dh ,u4,s4,c4 #bafd71 each   
professional person subject to the order
 shall file a verified statement in     
accordance with subsection 7a7 not later
 than #cj days after the date of        
enactment of this ,act4  7#b7 ,no delay 
,a court may not delay any proceeding in
 connection with a case commenced under 
section #cjd of ,,promesa 7#dh ,u4,s4,c4
 #bafd7 pending the filing of a verified
 statement under paragraph 7#a74  7e7   
,limitation on compensation  7#a7 ,in   
general ,in a voluntary case commenced  
under section #cjd of ,,promesa 7#dh    
,u4,s4,c4 #bafd71 in connection with the
 review and approval of professional    
compensation under section #caf or #cag 
of ,,promesa 7#dh ,u4,s4,c4 #bagf1      
#bagg71 the court may deny allowance of 
compensation for services and           

reimbursement of expenses1 accruing     
after the date of the enactment of this 
,act of a professional person if the    
professional person-- 7,a7 has failed to
 file statements of connections required
 by subsection 7a7 or has filed         
inadequate statements of connections2   
7,b7 except as provided in paragraph    
7#c71 is on or after the date of        
enactment of this ,act not a            
disinterested person1 as defined in     
section #aja of title #aa1 ,united      
,states ,code2 or  7,c7 except as       
provided in paragraph 7#c71 represents1 
or holds an interest adverse to1 the    
interest of the estate with respect to  
the matter on which such professional   
person is employed4  7#b7               
,considerations ,in making a            
determination under paragraph 7#a71 the 
court may take into consideration       
whether the services and expenses are in
 the best interests of creditors and the
 estate4  7#c7 ,committee professional  
standards ,an attorney or accountant    

described in section #aajc7;b7 of title 
#aa1 ,united ,states ,code1 shall be    
deemed to have violated paragraph 7#a7  
if the attorney or accountant violates  
section #aajc7;b7 of title #aa1 ,united 
,states ,code4