,in the ,senate of the ,united ,states1 ,december #ah 7legislative day1 ,december #ag71 #bjba4 ,amendment3 ,that the bill from the ,house of ,representatives 7,h4,r4 #aaib7 entitled ,an ,act to impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title ,,iii of the ,puerto ,rico ,oversight ,management and ,economic ,stability ,act 7commonly known as ,,promesa741 do pass with the following ,strike out all after the enacting clause and insert3 #a4 ,short title ,this ,act may be cited as the ,puerto ,rico ,recovery ,accuracy in ,disclosures ,act of #bjba or ,,prrada4 #b4 ,disclosure by professional persons seeking approval of compensation under section #caf or #cag of ,,promesa 7a7 ,definitions ,in this section3 7#a7 ,list of ,material ,interested ,parties ,the term ,list of ,material ,interested ,parties means the ,list of ,material ,interested ,parties established under subsection 7c77#a74 7#b7 ,oversight ,board ,the term ,oversight ,board has the meaning given the term in section #e of ,,promesa 7#dh ,u4,s4,c4 #bajd74 7b7 ,required disclosure 7#a7 ,in general ,in a case commenced under section #cjd of ,,promesa 7#dh ,u4,s4,c4 #bafd71 no attorney1 accountant1 appraiser1 auctioneer1 agent1 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 filed with the court 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 any entity or person on the ,list of ,material ,interested ,parties4 7#b7 ,supplement ,a professional person that submits a statement under paragraph 7#a7 shall promptly supplement the statement with any additional relevant information that becomes known to the person4 7#c7 ,disclosure ,subject to any other applicable law1 rule1 or regulation1 a professional person that fails to file or update a statement required under paragraph 7#a7 or files a statement that the court determines does not represent a good faith effort to comply with this section shall disclose such failure in any filing required to conform to the disclosure requirements under rule #bjad7;a7 of the ,federal ,rules of ,bankruptcy ,procedure4 7c7 ,list of material interested parties 7#a7 ,preparation ,not later than #cj days after the date of enactment of this ,act1 the ,oversight ,board shall establish a ,list of ,material ,interested ,parties subject to-- 7,a7 the approval of the court2 and 7,b7 the right of the ,united ,states trustee or any party in interest to be heard on the approval4 7#b7 ,inclusions ,except as provided in paragraph 7#c71 the ,list of ,material ,interested ,parties shall include-- 7,a7 the debtor2 7,b7 any creditor2 7,c7 any other party in interest2 7,d7 any attorney or accountant of-- 7i7 the debtor2 7ii7 any creditor2 or 7iii7 any other party in interest2 7,e7 the ,united ,states trustee and any person employed in the office of the ,united ,states trustee2 and 7,f7 the ,oversight ,board1 including the members1 the ,executive ,director1 and the employees of the ,oversight ,board4 7#c7 ,exclusions ,the ,list of ,material ,interested ,parties may not include any person with a claim1 the amount of which is below a threshold dollar amount established by the court that is consistent with the purpose of this ,act4 7d7 ,review 7#a7 ,in general ,the ,united ,states trustee shall review each verified statement submitted pursuant to subsection 7b7 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 applications filed under section #caf or #cag of ,,promesa 7#dh ,u4,s4,c4 #bagf1 #bagg7 that fail to satisfy the requirements of subsection 7b74 7e7 ,limitation on compensation ,in a 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 #bagg7 filed after the date of enactment of this ,act1 the court may deny allowance of compensation or reimbursement of expenses if-- 7#a7 the professional person has failed to file the verified disclosure statements required under subsection 7b77#a7 or has filed inadequate disclosure statements under that subsection2 or 7#b7 during the professional person's employment in connection with the case1 the professional person-- 7,a7 is not a disinterested person 7as defined in section #aja of title #aa1 ,united ,states ,code7 relative to any entity or person on the ,list of ,material ,interested ,parties2 or 7,b7 represents or holds an adverse interest in connection with the case4 ,secretary