Sec. 1. SHORT TITLE; TABLE OF CONTENTS
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## SECTION 1 SHORT TITLE; TABLE OF CONTENTS **[**[48 U.S.C. 2101 note](/us/usc/t48/s2101)**]** ###
(a)Short Title This Act may be cited as the “Puerto Rico Oversight, Management, and Economic Stability Act” or “PROMESA”. ###
(b)Table of Contents The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Effective date. Sec. 3. Severability. Sec. 4. Supremacy. Sec. 5. Definitions. Sec. 6. Placement. Sec. 7. Compliance with Federal laws. TITLE I—ESTABLISHMENT AND ORGANIZATION OF OVERSIGHT BOARD Sec. 101. Financial Oversight and Management Board. Sec. 102. Location of Oversight Board. Sec. 103. Executive Director and staff of Oversight Board. Sec. 104. Powers of Oversight Board. Sec. 105. Exemption from liability for claims. Sec. 106. Treatment of actions arising from Act. Sec. 107. Budget and funding for operation of Oversight Board. Sec. 108. Autonomy of Oversight Board. Sec. 109. Ethics. TITLE II—RESPONSIBILITIES OF OVERSIGHT BOARD Sec. 201. Approval of fiscal plans. Sec. 202. Approval of budgets. Sec. 203. Effect of finding of noncompliance with budget. Sec. 204. Review of activities to ensure compliance with fiscal plan. Sec. 205. Recommendations on financial stability and management responsibility. Sec. 206. Oversight Board duties related to restructuring. Sec. 207. Oversight Board authority related to debt issuance. Sec. 208. Required reports. Sec. 209. Termination of Oversight Board. Sec. 210. No full faith and credit of the United States. Sec. 211. Analysis of pensions. Sec. 212. Intervention in litigation. TITLE III—ADJUSTMENTS OF DEBTS Sec. 301. Applicability of other laws; definitions. Sec. 302. Who may be a debtor. Sec. 303. Reservation of territorial power to control territory and territorial instrumentalities. Sec. 304. Petition and proceedings relating to petition. Sec. 305. Limitation on jurisdiction and powers of court. Sec. 306. Jurisdiction. Sec. 307. Venue. Sec. 308. Selection of presiding judge. Sec. 309. Abstention. Sec. 310. Applicable rules of procedure. Sec. 311. Leases. Sec. 312. Filing of plan of adjustment. Sec. 313. Modification of plan. Sec. 314. Confirmation. Sec. 315. Role and capacity of Oversight Board. Sec. 316. Compensation of professionals. Sec. 317. Interim compensation. TITLE IV—MISCELLANEOUS PROVISIONS Sec. 401. Rules of construction. Sec. 402. Right of Puerto Rico to determine its future political status. Sec. 403. First minimum wage in Puerto Rico. Sec. 404. Application of regulation to Puerto Rico. Sec. 405. Automatic stay upon enactment. Sec. 406. Purchases by territory governments. Sec. 407. Protection from inter-debtor transfers. Sec. 408. GAO report on Small Business Administration programs in Puerto Rico. Sec. 409. Congressional Task Force on Economic Growth in Puerto Rico. Sec. 410. Report. Sec. 411. Report on territorial debt. Sec. 412. Expansion of HUBZones in Puerto Rico. Sec. 413. Determination on debt. TITLE V—PUERTO RICO INFRASTRUCTURE REVITALIZATION Sec. 501. Definitions. Sec. 502. Position of Revitalization Coordinator. Sec. 503. Critical projects. Sec. 504. Miscellaneous provisions. Sec. 505. Federal agency requirements. Sec. 506. Judicial review. Sec. 507. Savings clause. TITLE VI—CREDITOR COLLECTIVE ACTION Sec. 601. Creditor Collective action. Sec. 602. Applicable law. TITLE VII—SENSE OF CONGRESS REGARDING PERMANENT, PRO-GROWTH FISCAL REFORMS Sec. 701. Sense of Congress regarding permanent, pro-growth fiscal reforms.
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SHORT TITLE; TABLE OF CONTENTS
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