,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gdji  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #e1 #bjbb,mr4  
,torres ( ,new ,york 7= himself1 ,miss  
,gonzlez-,coln1 ,ms4 ,velzquez1 ,mr4    
,soto1 & ,mr4 ,grijalva7 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,natural ,res\rces1 & 9   
addition to ! ,committee on ! ,judici>y1
 = a p]iod to be subsequ5tly det]m9$ by 
! ,speak]1 9 ea* case = consid]ation (  
su* provisions z fall )9 ! jurisdiction 
( ! committee conc]n$  ,a ,,bill  ,to   
modify ! conditions = ! t]m9ation ( an  
ov]sight bo>d1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,t]ritorial ,relief ,"u ,su/a9able      
,transitions = ,pu]to ,rico ,act ( #bjbb
 or ! ,,tru/ = ,pu]to ,rico ,act (      
#bjbb4  #b4 ,modification to conditions 
= t]m9ation  7a7 ,9 g5]al ,section #bji 
( ! ,pu]to ,rico ,ov]sight1 ,managem5t1 
& ,economic ,/ability ,act 7#dh         
,u4,s4,c4 #badi7 is am5d$-- 7#a7 9 !    
matt] prec$+ p>agraph 7#a71 by /rik+ ^u 

& ins]t+ n lat] ?an #ij days aft]2  7#b7
 by /rik+ p>agraph 7#a72 &  7#c7 9      
p>agraph 7#b7-- 7,a7 9 ! matt] prec$+   
subp>agraph 7,a71 by /rik+ at lea/ #d & 
ins]t+ at lea/ #b2 &  7,b7 9 subp>agraph
 7,b71 by ins]t+ & )\t reg>d to :e!r !  
applicable ,budget provides = ! paym5t (
 debt s]vice aft] /&>ds4  7b7 ,effective
 date ,ea* am5dm5t made by subsection   
7a7 %all take effect & apply z if enact$
 z "p ( ! ,pu]to ,rico ,ov]sight1       
,managem5t1 & ,economic ,/ability ,act4 
7c7 ,transf] ( functions ,^u            
c]tification ( an ,ov]sight ,bo>d "u    
section #bji ( ! ,pu]to ,rico ,ov]sight1
 ,managem5t1 & ,economic ,/ability ,act 
7#dh ,u4,s4,c4 #badi71 z am5d$ by       
subsection 7a71 & ^u ! adoption ( a     
resolution by ! legislature ( a t]ritory
 & sign$ by t t]ritory's gov]nor sett+  
=? ! mann] 9 :i* su* t]m9ation %all be  
implem5t$-- 7#a7 all prop]ty1 funds1    
assets1 & records ( ! ,ov]sight ,bo>d   
%all be transf]r$ to ! t]ritorial       
gov]nm5t 9 accordance ) ! transition    

provisions e/abli%$ by su* adopt$       
resolution2  7#b7 a copy ( all su*      
records ( ! ,ov]sight ,bo>d %all be     
transmitt$ to ,congress2  7#c7 ) respect
 to any p5d+ action "u title ,,iii ( !  
,pu]to ,rico ,ov]sight1 ,managem5t1 &   
,economic ,/ability ,act 7#dh ,u4,s4,c4 
#bafa et seq47 z ( ! date ( ! adoption (
 su* resolution1 ! duties &             
responsibilities ( ! ,ov]sight ,bo>d    
7includ+ ! role & capacity set =? "u    
section #cae ( su* title7 ) respect to  
su* action1 z ( ! day be=e su* date (   
adoption1 %all be transf]r$ to !        
t]ritorial gov]nm5t 9 accordance ) !    
provisions ( su* adopt$ resolution2     
7#d7 ) respect to any action tak5       
pursuant to ! au?orities "u title ,,vi (
 ! ,pu]to ,rico ,ov]sight1 ,managem5t1 &
 ,economic ,/ability ,act 7#dh ,u4,s4,c4
 #baia et seq47 on or aft] ! date ( !   
adoption ( su* resolution1 ! duties1    
responsibilities1 & all applicable p[]s 
& roles ( ! ,ov]sight ,bo>d1 includ+ "u 
any o!r provision ( su* ,act relat+ to  

su* action1 %all become ! duties1       
responsibilities1 p[]s1 & roles1        
respectively1 ( ! t]ritorial gov]nm5t 9 
accordance ) ! provisions ( su* adopt$  
resolution2  7#e7 section #cjb ( !      
,pu]to ,rico ,ov]sight1 ,managem5t1 &   
,economic ,/ability ,act 7#dh ,u4,s4,c4 
#bafb7 %all be appli$ ) respect to su*  
t]ritorial gov]nm5t z if x read z       
foll[s3  #cjb4 ,:o may be a debtor ,an  
entity may be a debtor "u ?is title if--
 7#a7 ! entity is-- 7,a7 a t]ritory t   
has reque/$ ! e/abli%m5t ( an ,ov]sight 
,bo>d or has _h an ,ov]sight ,bo>d      
e/abli%$ = x by ! ,unit$ ,/ates         
,congress 9 accordance ) section #aja ( 
?is ,act2 or  7,b7 a cov]$ t]ritorial   
in/rum5tality ( a t]ritory describ$ 9   
p>agraph 7#a77;,a72  7#b7 ! ,ov]sight   
,bo>d-- 7,a7 has issu$ a c]tification "u
 section #bjf7;b7 ( ?is ,act = su*      
entity2 or  7,b7 has t]m9at$ pursuant to
 section #bji & ! t]ritorial gov]nm5t   
has und]tak5 all duties &               
responsibilities "u ?is title t 7 =m]ly 

assign$ to ! ,ov]sight ,bo>d2 &  7#c7 ! 
entity desires to effect a plan to adju/
 its debts4  2  7#f7 ! def9ition ( cov]$
 t]ritorial in/rum5tality 9 section     
#e7g7 ( ! ,pu]to ,rico ,ov]sight1       
,managem5t1 & ,economic ,/ability ,act  
7#dh ,u4,s4,c4 #bajd7g77 %all be appli$ 
z if or1 ^u t]m9ation ( ! ,ov]sight     
,bo>d pursuant to section #bji1         
designat$ by ! cov]$ t]ritory to be     
subject to su* requirem5ts 7 ins]t$ be=e
 ! p]iod at ! end2 &  7#g7 ! def9ition (
 adm9i/rative sup]visor 9 section       
#fja7;a77#a7 ( ! ,pu]to ,rico ,ov]sight1
 ,managem5t1 & ,economic ,/ability ,act 
7#dh ,u4,s4,c4 #bbca7;a77#a77 %all be   
appli$ z if or1 ^u t]m9ation ( !        
,ov]sight ,bo>d pursuant to section     
#bji1 ! ,t]ritory ,gov]nm5t ,issu] 7    
ins]t$ be=e ! p]iod at ! end4