H.R. 870, long title "to amend Title 11 of the United States Code to treat Puerto Rico as a State for purposes of chapter 9 of such title relating to the adjustment of debts of municipalities," is a bill to amend section 101(52) of Title 11 of the United States Code, to define Puerto Rico as a state regarding Chapter 9 bankruptcy protections. Its short title is the "Puerto Rico Chapter 9 Uniformity Act of 2015" and it has been called "Super Chapter 9" in public debates.[1][2][3][4][5] As of April 2016[update], the bill had gained 41 cosponsors.[6]
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| Long title | To amend title 11 of the United States Code to treat Puerto Rico as a State for purposes of chapter 9 of such title relating to the adjustment of debts of municipalities. |
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| Announced in | the 114th United States Congress |
| Sponsored by | Rep. Pedro R. Pierluisi (D-PR-At Large) |
| Number of co-sponsors | 41 |
| Codification | |
| U.S.C. sections affected | 11 U.S.C. § 101(52) |
| Legislative history | |
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See also
editReferences
edit- ^ H.R. 870: Puerto Rico Chapter 9 Uniformity Act of 2015. govtrack.us. Retrieved April 14, 2016.
- ^ Recap of House Subcommittee Hearing on Puerto Rico Chapter 9 Uniformity Act of 2015—H.R. 870 . martindale.com. Retrieved April 14, 2016.
- ^ Chapter 9 Bankruptcies (States Too?) on the Rise? What it Means to the Credit Professional. credittoday.net. Retrieved April 14, 2016.
- ^ President Obama is trying to rescue Puerto Rico from its debt crisis.. Retrieved April 14, 2016.
- ^ Draft Treasury Legislation Would Give Puerto Rico Access to “Super Chapter 9” and Chapter 9 Bankruptcy. publicfinancematters.com. Retrieved April 14, 2016.
- ^ "Cosponsors: H.R.870 — 114th Congress (2015-2016)". congress.gov. 16 March 2015. Retrieved April 15, 2016.
External links
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