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- S.3044
S.3044: Puerto Rico Humanitarian Relief and Reconstruction Act
About This Bill
- Introduced June 9, 2016
- Latest Major Action June 9, 2016
Bill Sponsor
Bill Summary
Puerto Rico Humanitarian Relief and Reconstruction Act This bill establishes a Puerto Rico Reconstruction Finance Corporation to accept applications from the government of Puerto Rico or its municipalities to restructure their bond debts through a process under which: (1) the corporation will purchase the bonds from bond holders at the price the holder paid for the bond, and (2) the par value of each bond is reduced to the last price paid for...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 9, 2016 |
Read twice and referred to the Committee on Finance.
|
| June 9, 2016 |
Introduced in the Senate by Bernard Sanders (ID-Vt.) |