Puerto Rico Oversight, Management, and Economic Stability Act

E142517

The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a 2016 U.S. federal law that created a financial oversight board and restructuring framework to address Puerto Rico’s fiscal crisis and public debt.

All labels observed (4)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal law ⓘ
aimsTo protect essential public services in Puerto Rico ⓘ
restore market confidence in Puerto Rico ⓘ
restructure unsustainable debt of Puerto Rico ⓘ
appliesTo Puerto Rico ⓘ
Puerto Rico central government ⓘ
Puerto Rico instrumentalities ⓘ
Puerto Rico public corporations ⓘ
authorizes Title III adjustment of debts proceedings ⓘ
court-supervised debt restructuring for Puerto Rico ⓘ
category United States bankruptcy and restructuring law ⓘ
United States federal legislation related to territories ⓘ
containsTitle Title I ⓘ
Title II ⓘ
Title III ⓘ
Title IV ⓘ
Title V ⓘ
Title VI ⓘ
country United States ⓘ
createsBody Financial Oversight and Management Board for Puerto Rico ⓘ
dateSigned 2016-06-30 ⓘ
effectiveDate 2016-06-30 ⓘ
enactedDuring 114th United States Congress ⓘ
establishes budget approval process for Puerto Rico ⓘ
fiscal plan approval process for Puerto Rico ⓘ
stay on creditor litigation ⓘ
hasAcronymMeaning Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
jurisdiction United States District Court for the District of Puerto Rico ⓘ
legalBasis Territorial Clause of the United States Constitution ⓘ
legislativeBody United States Congress ⓘ
oversightBodyPowers approve or disapprove Puerto Rico budgets ⓘ
approve or disapprove Puerto Rico fiscal plans ⓘ
require fiscal reforms in Puerto Rico ⓘ
review Puerto Rico laws for fiscal impact ⓘ
preempts Puerto Rico local restructuring laws ⓘ
publicLawNumber Public Law 114-187 ⓘ
purpose achieve access to capital markets for Puerto Rico ⓘ
achieve fiscal responsibility for Puerto Rico ⓘ
address Puerto Rico fiscal crisis ⓘ
provide framework for restructuring Puerto Rico public debt ⓘ
requires balanced budgets over time for Puerto Rico ⓘ
development of certified fiscal plans ⓘ
restricts Puerto Rico access to Chapter 9 of U.S. Bankruptcy Code ⓘ
shortName PROMESA ⓘ
signedBy Barack Obama ⓘ
similarTo Chapter 9 municipal bankruptcy framework ⓘ
title Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
yearEnacted 2016 ⓘ

How these facts were elicited

Referenced by (15)

Full triples — surface form annotated when it differs from this entity's canonical label.

Puerto Rico Federal Relations Act → relatedLegislation → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
United States–Puerto Rico relations → legalBasis → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Puerto Rico Oversight, Management, and Economic Stability Act → title → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Puerto Rico Oversight, Management, and Economic Stability Act → hasAcronymMeaning → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Fiscal Agency and Financial Advisory Authority of Puerto Rico → relatedTo → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Financial Oversight and Management Board for Puerto Rico → legalBasis → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
PROMESA → fullName → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Public Law 114-187 → officialName → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Public Law 114-187 → shortName → PROMESA ⓘ
linked to: Puerto Rico Oversight, Management, and Economic Stability Act
Public Law 114-187 → alsoKnownAs → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
Public Law 114-187 → alsoKnownAs → PROMESA ⓘ
linked to: Puerto Rico Oversight, Management, and Economic Stability Act
Title IV (PROMESA) → partOf → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
subject linked to: Title IV
economy of Puerto Rico → governedBy → Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
2017 Puerto Rican status referendum → context → Puerto Rico debt crisis ⓘ
linked to: Puerto Rico Oversight, Management, and Economic Stability Act
United States Congress over Puerto Rico → enacted → Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) ⓘ
linked to: Puerto Rico Oversight, Management, and Economic Stability Act