Public Law 114-187

E586788

Public Law 114-187 is a 2016 U.S. federal statute, known as the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), that established a financial oversight board and restructuring process to address Puerto Rico’s debt crisis.

All labels observed (1)

Label Occurrences
Public Law 114-187 canonical 3

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal statute ⓘ
economic stabilization law ⓘ
public law ⓘ
alsoKnownAs PROMESA ⓘ
Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
appliesTo Government of Puerto Rico ⓘ
Puerto Rico ⓘ
instrumentalities of the Government of Puerto Rico ⓘ
component Title I – Establishment and Organization of the Oversight Board ⓘ
Title II – Responsibilities of the Oversight Board ⓘ
Title III – Adjustment of Debts ⓘ
Title IV – Miscellaneous Provisions ⓘ
Title V – Puerto Rico Infrastructure Revitalization ⓘ
Title VI – Creditor Collective Action ⓘ
congressNumber 114th United States Congress ⓘ
country United States ⓘ
createdEntity Financial Oversight and Management Board for Puerto Rico ⓘ
dateSigned 2016-06-30 ⓘ
effect created a federally appointed oversight board with authority over Puerto Rico’s fiscal policy ⓘ
provided a legal mechanism to restructure Puerto Rico’s unsustainable debt load ⓘ
enables territorial debt adjustment proceedings in federal court ⓘ
enactedBy United States Congress ⓘ
establishes Financial Oversight and Management Board for Puerto Rico ⓘ
geographicScope territory of Puerto Rico ⓘ
jurisdiction United States federal government ⓘ
language English ⓘ
legalCitation Public Law 114-187 ⓘ
officialName Puerto Rico Oversight, Management, and Economic Stability Act ⓘ
policyArea U.S. territories ⓘ
economy and finance ⓘ
presidentAtSigning Barack Obama ⓘ
provides a court-supervised debt restructuring process for Puerto Rico ⓘ
a stay on creditor litigation under certain conditions ⓘ
purpose to address Puerto Rico’s public debt crisis ⓘ
to establish federal oversight of Puerto Rico’s fiscal policy ⓘ
to provide a framework for restructuring Puerto Rico’s debts ⓘ
regulates debt restructuring procedures for Puerto Rico ⓘ
fiscal oversight of Puerto Rico ⓘ
requires balanced budgets for Puerto Rico over the long term ⓘ
fiscal plans for Puerto Rico approved by the oversight board ⓘ
shortName PROMESA ⓘ
signedBy Barack Obama ⓘ
sponsorChamber United States House of Representatives ⓘ
United States Senate ⓘ
subjectMatter public finance ⓘ
sovereign debt restructuring ⓘ
territorial governance ⓘ
typeOf territorial debt restructuring law ⓘ
yearEnacted 2016 ⓘ

How these facts were elicited

Referenced by (3)

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

PROMESA → codifiedIn → Public Law 114-187 ⓘ
Public Law 114-187 → legalCitation → Public Law 114-187 ⓘ