Puerto Rican People’s Power Restoration Act of 2026

Refreshed 3 h ago

Introduced 2026-03-05Topic: governance ethics · budget · infrastructure utilities

Summary

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This bill changes the federal law that created the Oversight Board for Puerto Rico's finances (PROMESA). It would end the Oversight Board the day after Puerto Rico passes its own law naming or creating an entity to take the Board's place. Once Puerto Rico passes such a law, the Puerto Rico Electric Power Authority, its governing board, or another entity named in that law would represent the debtor in debt-restructuring cases started on or after that date. The professionals, advisors, and lawyers hired by the Board would stay on with the new representative unless the Puerto Rico law says otherwise. The bill states that it does not change court approval requirements for debt plans, does not cancel fiscal plans or budgets already certified, and does not change the federal district court's authority over these cases.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2026-03-05	House	Referred to the Committee on Natural Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	refer
2026-03-05	House	Referred to the Committee on Natural Resources, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	refer
2026-03-05		Introduced in House	introduce
2026-03-05		Introduced in House	introduce

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