What does Preamble of Puerto Rican People’s Power Restoration Act of 2026 do?

This bill proposes to amend the Puerto Rico Oversight, Management, and Economic Stability Act. The proposed amendment would provide for the termination of the Oversight Board under certain circumstances. The bill was introduced in the House of Representatives on March 5, 2026.

What does SHORT TITLE. of Puerto Rican People’s Power Restoration Act of 2026 do?

This bill is formally titled the "Puerto Rican People's Power Restoration Act of 2026".

What does TERMINATION OF OVERSIGHT BOARD. of Puerto Rican People’s Power Restoration Act of 2026 do?

Section 209 of the Puerto Rico Oversight, Management, and Economic Stability Act (48 U.S.C. 2149) is amended. The amendment modifies the Oversight Board's existence, initially stating it exists 'Except as provided in subsection (b).' The Oversight Board will terminate the day after Puerto Rico enacts legislation establishing a successor entity. This legislation must be enacted 'on or after the date of the enactment of this subsection'.

What does SUBSTITUTION OF DEBTOR REPRESENTATION. of Puerto Rican People’s Power Restoration Act of 2026 do?

This section amends Section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act. It modifies the Oversight Board's role as the debtor representative. After the Commonwealth of Puerto Rico designates an entity under section 209(b), that entity (or its successor) becomes the debtor representative for cases initiated under the Act. Professionals, advisors, and counsel previously engaged by the Oversight Board are retained by the substituted representative unless otherwise specified in the applicable legislation.

What does RULES OF CONSTRUCTION. of Puerto Rican People’s Power Restoration Act of 2026 do?

This section outlines rules of construction for the Act's amendments. The Act's amendments are not intended to alter or affect requirements related to confirmation under section 314 of the Puerto Rico Oversight, Management, and Economic Stability Act. Fiscal plans or budgets certified before the Act's enactment are not invalidated until modified or by confirmation of a plan of adjustment. The Act does not intend to alter or affect the jurisdiction of the United States District Court for the District of Puerto Rico as the court of competent jurisdiction under section 306 of the Puerto Rico Oversight, Management, and Economic Stability Act.

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Puerto Rican People’s Power Restoration Act of 2026

Last updated: 3/5/2026 · Introduced: 3/5/2026

Author: Raja Krishnamoorthi (D-IL)

TL;DR (AI)

This bill amends the Puerto Rico Oversight, Management, and Economic Stability Act to allow for the Oversight Board's termination once Puerto Rico enacts legislation establishing a successor entity.
The bill designates a Puerto Rico-designated entity as the debtor representative, replacing the Oversight Board in relevant cases and retaining previously engaged professionals.
This legislation clarifies that its amendments do not alter requirements for plan confirmation or the jurisdiction of the United States District Court for the District of Puerto Rico.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 3 more.

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