H.R. 1192: PRRADA

Bill · 117th Congress (2021–2022). Became law, 20 Jan 2022 · Public Law 117-82. Introduced 22 Feb 2021.

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").

Vote results

House, 19 Jan 2022: agreed to by voice vote; the record lists no member’s position. In the record’s 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, 18 Dec 2021: agreed to by unanimous consent; the record lists no member’s position. In the record’s words: “Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.”
President: Signed 20 Jan 2022 · Public Law 117-82

How each member voted

White House

Signed (1): Joseph Biden (D, President).

Not in office (1): Donald Trump (R, President).

Senate

Agreed to by unanimous consent: the record lists no member’s position.

House

Agreed to by voice vote: the record lists no member’s position.

Summary

Main subject: 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. Sec. 2

Its 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.

Unexpected Items: 0 provisions

What it does

Sec. 2: 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.
Sec. 2: Requires a professional person who files a disclosure statement to promptly supplement it with additional relevant information that becomes known to the person.
Sec. 2: 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.
Sec. 2: 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.
Sec. 2: 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.
Sec. 2: 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.

Written automatically from the official text by Claude Sonnet 5.5, an AI model. Written 15 Oct 2026 and published after the automatic checks, without a person reading it first. Every line names the section it came from.

Changed after House passage

Compares the bill as passed by the House, 24 Feb 2021, with the final text passed by both chambers. About 28% of the wording the House passed stands in the final text.