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Code · BILL · 116th Congress · S. 1312 (Introduced in Senate) — To provide the option of discharging certain unsecured financial obligations of self-governing territories of the Uni... · Sec. 201

Sec. 201. Purpose

75 words·~1 min read·/bill/116/s/1312/is/section-201

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Pursuant to clause 1, section 8 of article I and clause 2, section 3 of article IV of the Constitution of the United States, the purpose of this title is to provide compensation to certain entities and natural persons that suffer economic losses due to a discharge under section 101 of financial obligations owed to those entities and natural persons by the Commonwealth of Puerto Rico or an instrumentality of the Commonwealth of Puerto Rico.
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