H.R. 870 (114th Congress) explained

Super Chapter 9
Fullname: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.
Introduced In The:114th
Sponsored By:Rep. Pedro R. Pierluisi (D-PR-At Large)
Number Of Co-Sponsors:41
Introducedin:House
Introducedby:Rep. Pedro R. Pierluisi (D-PR-At Large)
Introduceddate:February 11, 2015
Committees:United States House Committee on the Judiciary, United States House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law

, 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], the bill had gained 41 cosponsors.[6]

See also

External links

Notes and References

  1. https://www.govtrack.us/congress/bills/114/hr870 H.R. 870: Puerto Rico Chapter 9 Uniformity Act of 2015
  2. http://www.martindale.com/legal-news/article_Jones-Day_2199534.htm Recap of House Subcommittee Hearing on Puerto Rico Chapter 9 Uniformity Act of 2015—H.R. 870
  3. http://www.credittoday.net/public/Chapter_9_Bankruptcies_States_Too_on_the_Rise_What_it_Means_to_the_Credit_Professional.cfm Chapter 9 Bankruptcies (States Too?) on the Rise? What it Means to the Credit Professional
  4. https://money.cnn.com/2015/10/22/news/economy/obama-white-house-puerto-rico-rescue-plan/ President Obama is trying to rescue Puerto Rico from its debt crisis.
  5. https://www.publicfinancematters.com/2016/02/draft-treasury-legislation-would-give-puerto-rico-access-to-super-chapter-9-and-chapter-9-bankruptcy/ Draft Treasury Legislation Would Give Puerto Rico Access to “Super Chapter 9” and Chapter 9 Bankruptcy
  6. Web site: Cosponsors: H.R.870 — 114th Congress (2015-2016). congress.gov. 16 March 2015. April 15, 2016.