Puerto Rico Oversight, Management, and Economic Stability Act
E142517
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a 2016 U.S. federal law that created a financial oversight board and restructuring framework to address Puerto Rico’s fiscal crisis and public debt.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Puerto Rico Oversight, Management, and Economic Stability Act canonical | 4 |
How this entity was disambiguated
This entity first appeared as the object of triple T1244210 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Puerto Rico Oversight, Management, and Economic Stability Act Context triple: [Puerto Rico Federal Relations Act, relatedLegislation, Puerto Rico Oversight, Management, and Economic Stability Act]
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A.
Puerto Rico Federal Relations Act
The Puerto Rico Federal Relations Act is a U.S. federal statute that defines and governs the political and legal relationship between Puerto Rico and the United States, including the island’s status, powers, and obligations under U.S. sovereignty.
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B.
Organic Act of the Judiciary of Puerto Rico
The Organic Act of the Judiciary of Puerto Rico is the foundational law that structures, organizes, and regulates the operation and jurisdiction of Puerto Rico’s court system.
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C.
Revised Organic Act of the Virgin Islands
The Revised Organic Act of the Virgin Islands is the foundational federal law that serves as the constitution-like governing charter for the U.S. Virgin Islands, defining its political structure, powers, and relationship with the United States.
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D.
Native Hawaiian Government Reorganization Act (proposed Akaka Bill)
The Native Hawaiian Government Reorganization Act, commonly known as the Akaka Bill, is proposed U.S. legislation intended to establish a process for federal recognition of a Native Hawaiian governing entity similar to that of Native American tribes.
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E.
Guam Elective Governor Act
The Guam Elective Governor Act is a U.S. federal law that granted the people of Guam the right to elect their own governor, advancing the island’s political self-governance.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Puerto Rico Oversight, Management, and Economic Stability Act Target entity description: The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a 2016 U.S. federal law that created a financial oversight board and restructuring framework to address Puerto Rico’s fiscal crisis and public debt.
-
A.
Puerto Rico Federal Relations Act
The Puerto Rico Federal Relations Act is a U.S. federal statute that defines and governs the political and legal relationship between Puerto Rico and the United States, including the island’s status, powers, and obligations under U.S. sovereignty.
-
B.
Organic Act of the Judiciary of Puerto Rico
The Organic Act of the Judiciary of Puerto Rico is the foundational law that structures, organizes, and regulates the operation and jurisdiction of Puerto Rico’s court system.
-
C.
Revised Organic Act of the Virgin Islands
The Revised Organic Act of the Virgin Islands is the foundational federal law that serves as the constitution-like governing charter for the U.S. Virgin Islands, defining its political structure, powers, and relationship with the United States.
-
D.
Native Hawaiian Government Reorganization Act (proposed Akaka Bill)
The Native Hawaiian Government Reorganization Act, commonly known as the Akaka Bill, is proposed U.S. legislation intended to establish a process for federal recognition of a Native Hawaiian governing entity similar to that of Native American tribes.
-
E.
Guam Elective Governor Act
The Guam Elective Governor Act is a U.S. federal law that granted the people of Guam the right to elect their own governor, advancing the island’s political self-governance.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf | United States federal law ⓘ |
| aimsTo |
protect essential public services in Puerto Rico
ⓘ
restore market confidence in Puerto Rico ⓘ restructure unsustainable debt of Puerto Rico ⓘ |
| appliesTo |
Puerto Rico
ⓘ
Puerto Rico central government ⓘ Puerto Rico instrumentalities ⓘ Puerto Rico public corporations ⓘ |
| authorizes |
Title III adjustment of debts proceedings
ⓘ
court-supervised debt restructuring for Puerto Rico ⓘ |
| category |
United States bankruptcy and restructuring law
ⓘ
United States federal legislation related to territories ⓘ |
| containsTitle |
Title I
ⓘ
Title II ⓘ Title III ⓘ Title IV ⓘ Title V ⓘ Title VI ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createsBody | Financial Oversight and Management Board for Puerto Rico ⓘ |
| dateSigned | 2016-06-30 ⓘ |
| effectiveDate | 2016-06-30 ⓘ |
| enactedDuring | 114th United States Congress ⓘ |
| establishes |
budget approval process for Puerto Rico
ⓘ
fiscal plan approval process for Puerto Rico ⓘ stay on creditor litigation ⓘ |
| hasAcronymMeaning | Puerto Rico Oversight, Management, and Economic Stability Act self-link ⓘ |
| jurisdiction | United States District Court for the District of Puerto Rico ⓘ |
| legalBasis | Territorial Clause of the United States Constitution ⓘ |
| legislativeBody | United States Congress ⓘ |
| oversightBodyPowers |
approve or disapprove Puerto Rico budgets
ⓘ
approve or disapprove Puerto Rico fiscal plans ⓘ require fiscal reforms in Puerto Rico ⓘ review Puerto Rico laws for fiscal impact ⓘ |
| preempts | Puerto Rico local restructuring laws ⓘ |
| publicLawNumber | Public Law 114-187 ⓘ |
| purpose |
achieve access to capital markets for Puerto Rico
ⓘ
achieve fiscal responsibility for Puerto Rico ⓘ address Puerto Rico fiscal crisis ⓘ provide framework for restructuring Puerto Rico public debt ⓘ |
| requires |
balanced budgets over time for Puerto Rico
ⓘ
development of certified fiscal plans ⓘ |
| restricts | Puerto Rico access to Chapter 9 of U.S. Bankruptcy Code ⓘ |
| shortName | PROMESA ⓘ |
| signedBy | Barack Obama ⓘ |
| similarTo | Chapter 9 municipal bankruptcy framework ⓘ |
| title | Puerto Rico Oversight, Management, and Economic Stability Act self-link ⓘ |
| yearEnacted | 2016 ⓘ |
How these facts were elicited
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You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Subject: Puerto Rico Oversight, Management, and Economic Stability Act Description of subject: The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a 2016 U.S. federal law that created a financial oversight board and restructuring framework to address Puerto Rico’s fiscal crisis and public debt.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.