HR1702-118

Introduced

To amend PROMESA to include certain ethics provisions to provide for the disqualification of certain advisors to the Financial Oversight and Management Board, and for other purposes.

118th Congress Introduced Mar 22, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill requires disqualification of certain advisors to the financial oversight and management board Section 109 of PROMESA (48 U.S.C. It relies on definition changes, reporting requirements, compliance mandates, and procurement rules. The main policy areas are Finance, Environmental Groups, and Environment.

Who Benefits and How

Financial services firms and customers affected by the bill could gain revenue opportunities, Environmental and public health interests affected by the bill could gain revenue opportunities, and Businesses and employers affected by the bill could gain revenue opportunities.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.

Key Provisions

  • Requires disqualification of certain advisors to the financial oversight and management board Section 109 of PROMESA (48 U.S.C.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill requires disqualification of certain advisors to the financial oversight and management board Section 109 of PROMESA (48 U.S.C.

Key Policy Areas

Finance, Environmental Groups, Environment

Primary Purpose

The bill requires disqualification of certain advisors to the financial oversight and management board Section 109 of PROMESA (48 U.S.C.

Policy Domains

Finance Environmental Groups Environment

Whole bill

Identified Gains
  • Financial services firms and customers affected by the bill
  • Environmental and public health interests affected by the bill
  • Businesses and employers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Businesses and employers affected by the bill:
Financial services firms and customers affected by the bill:
Environmental and public health interests affected by the bill:
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Federal, state, or local agencies responsible for implementing the clause:

Legislative Progress

Introduced
Introduced Committee Passed
Mar 22, 2023

Mrs. González-Colón (for herself, Mr. Torres of New York, and …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Environmental Groups Environment

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology