{"format":1,"id":"117-hr-1192","congress":117,"number":"H.R. 1192","kind":"bill","group":"bills","title":"PRRADA","title_source":"Short Titles as Enacted","official_title":"To impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title III of the Puerto Rico Oversight Management and Economic Stability Act (commonly known as \"PROMESA\").","titles":[{"type":"Official Title as Introduced","title":"To impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title III of the Puerto Rico Oversight Management and Economic Stability Act (commonly known as \"PROMESA\")."},{"type":"Short Title(s) from Engrossed Amendment Senate bill text","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Short Title(s) from Engrossed Amendment Senate bill text","title":"PRRADA"},{"type":"Short Titles from ENR (Enrolled) bill text","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Short Titles from ENR (Enrolled) bill text","title":"PRRADA"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"PRRADA"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Display Title","title":"PRRADA"},{"type":"Short Title(s) as Passed House","title":"PRRADA"},{"type":"Short Title(s) as Passed House","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Short Title(s) as Introduced","title":"PRRADA"},{"type":"Short Title(s) as Introduced","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Short Titles as Enacted","title":"PRRADA"},{"type":"Short Titles as Enacted","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Other Short Titles","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Other Short Titles","title":"PRRADA"},{"type":"Short Titles as Passed Senate","title":"PRRADA"},{"type":"Short Titles as Passed Senate","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"},{"type":"Short Title(s) as Reported to Senate","title":"PRRADA"},{"type":"Short Title(s) as Reported to Senate","title":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021"}],"outcome":"became_law","law_number":"Public Law 117-82","introduced":"2021-02-22","chambers":{"house":{"status":"voice","date":"2022-01-19","vote":null,"how":"voice_vote","words":"Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(text: CR H230-231)"},"senate":{"status":"voice","date":"2021-12-18","vote":null,"how":"unanimous_consent","words":"Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent."}},"president":{"status":"signed","date":"2022-01-20"},"vice_president_tie_breaker":null,"latest_action":{"text":"Became Public Law No: 117-82.","date":"2022-01-20"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"house","date":"2021-02-24","question":"On Motion to Suspend the Rules and Pass","title":"Puerto Rico Recovery Accuracy in Disclosures Act","result":"Passed","yea":429,"nay":0,"present":0,"not_voting":2,"kind":"final_candidate","source":"https://clerk.house.gov/evs/2021/roll037.xml"}],"crs_summary":{"date":"2022-01-20","stage":"Public Law","blocks":[{"k":"h","t":"Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA"},{"k":"p","t":"This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with interested parties before seeking compensation for their services."},{"k":"p","t":"The Financial Oversight and Management Board for Puerto Rico must establish a list of such interested parties, which shall include the debtor, creditors, any attorney or accountant of the debtor or creditors, persons employed by the U.S. Trustee Program, persons employed by the board, and any other interested party."},{"k":"p","t":"Compensation may be denied to such a professional if these disclosures are not filed, are inadequate, or if the professional is found to have certain conflicts of interest."}],"words":116},"summary":{"main_subject":{"text":"Requires professionals seeking compensation in Puerto Rico debt adjustment cases under title III of PROMESA to file verified disclosures of their connections to listed interested parties, and lets the court deny compensation in certain circumstances.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}]},"core_areas":["Disclosure of connections by professional persons in PROMESA title III cases","List of Material Interested Parties","United States trustee review of disclosure statements and compensation applications","Court authority to deny compensation or expense reimbursement"],"what_it_does":[{"text":"Bars compensation under section 316 or 317 of PROMESA for professional persons in a case under section 304 of PROMESA unless they first file a verified statement under rule 2014(a) of the Federal Rules of Bankruptcy Procedure setting out their connections to persons on the List of Material Interested Parties.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}},{"text":"Requires a professional person who files a disclosure statement to promptly supplement it with additional relevant information that becomes known to the person.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}},{"text":"Requires the Oversight Board to establish a List of Material Interested Parties within 30 days after enactment, subject to court approval and to the right of the United States trustee or any party in interest to be heard on the approval.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}},{"text":"Lists who the List of Material Interested Parties includes: the debtor, any creditor, any other party in interest, their attorneys and accountants, the United States trustee and its employees, and the Oversight Board with its members, Executive Director and employees.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}},{"text":"Directs the United States trustee to review each verified statement and permits the trustee to file comments on it and to object to compensation applications that do not meet the disclosure requirements.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}},{"text":"Allows the court to deny compensation or expense reimbursement if a professional person failed to file the required statements, filed inadequate ones, is not a disinterested person relative to anyone on the List, or represents or holds an adverse interest in the case.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr#HAB2CAF7BB5024D8395868DBB229C4517:~:text=2.%20Disclosure%20by%20professional%20persons%20seeking%20approval"}}],"unexpected":[],"version":{"type":"Enrolled Bill","date":null,"rule":"enrolled","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-15","approved_by":"checks"},"changes":{"first":{"chamber":"House","type":"Engrossed in House","date":"2021-02-24","href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/eh"},"final":{"type":"Enrolled Bill","date":null,"href":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text/enr"},"kept":0.28,"replaced":false,"removed":[],"added":[],"added_count":0,"approved":"2026-10-15","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/117th-congress/house-bill/1192","text":"https://www.congress.gov/bill/117th-congress/house-bill/1192/text"},"card":{"image":"card/item/117-hr-1192.png","v":"2cb9c4441738","alt":"Votes on Record. H.R. 1192, 117th Congress: PRRADA. House: voice vote. Senate: unanimous consent. Outcome: Became law, 20 Jan 2022."}}