# 117-hr-1192: PRRADA

117-hr-1192, PRRADA, is a 117th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status became_law; PRIA reads it as touching household money (as of 2026-01-05).

- Canonical: https://policyrisk.com/legislation/117-hr-1192
- As of: 2026-01-05
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-1192
- Congress: 117
- Title: PRRADA
- Status: became_law
- Introduced: 2021-02-22
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 8
- Policy area: Law
- Touches household money: yes
- Last recorded action: 2026-01-05

## Summary

**Stricter disclosure rules for professionals in Puerto Rico debt cases.** This law requires professionals seeking fees under PROMESA sections 316 or 317 in Title III cases to file a verified statement that follows Federal Rules of Bankruptcy Procedure Rule 2014(a) and to promptly update it when new relevant information arises. - Professionals (lawyers, accountants, and others) must disclose any connections to people or entities on the court-approved List of Material Interested Parties before requesting compensation and must quickly supplement the statement with new information. - The Oversight Board must establish the List of Material Interested Parties within 30 days and the court must approve it. The United States trustee or any party in interest may be heard and the List includes the debtor, creditors, their advisers, the United States trustee, and Oversight Board members and staff, with a court-set small-claim threshold. - The United States trustee will review verified statements, may file comments, and can object to fee applications that fail the disclosure rules. In Title III cases under section 304 the court may deny allowance of fees or reimbursement if a professional failed to disclose, filed an inadequate statement, or is not a "disinterested person" as defined in section 101 of title 11.

## Cosponsors (8)

- Rep. Biggs, Andy [R-AZ-5] (R-AZ), 2021-02-22T00:00:00.000Z
- Rep. Raskin, Jamie [D-MD-8] (D-MD), 2021-02-22T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2021-02-22T00:00:00.000Z
- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2021-02-22T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2021-02-22T00:00:00.000Z
- Resident Commissioner González-Colón, Jenniffer [R-PR-At Large] (R-PR), 2021-02-22T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2021-02-23T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2021-02-24T00:00:00.000Z

## Votes

| Date | Chamber | Question | Result | Yea | Nay |
| --- | --- | --- | --- | --- | --- |
| 2021-02-24T00:00:00.000Z | house | On Motion to Suspend the Rules and Pass | Passed | 429 | 0 |

## Provisions PRIA read

- New conflict rules for Puerto Rico case professionals: cost, high. The law sets strict conflict disclosures for professionals in Puerto Rico Title III debt cases. Before asking the court to pay you, you must file a sworn disclosure under bankruptcy Rule 2014(a) naming ties to anyone on the court-approved list. You must update the filing quickly if new ties appear,…
- Court-approved list for Puerto Rico debt cases: mixed, low. The Oversight Board must create a court-approved list of interested parties within 30 days of enactment. The court reviews the list, and the U.S. trustee and any party in interest can be heard. The list includes the debtor, creditors, other parties in interest, their lawyers and accountants, the U.…

## Related bills

- 117-hr-2471: Consolidated Appropriations Act, 2022
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…
- 117-hr-5141: Maximizing Outcomes through Better Investments in Lifesaving Equipment for (MOBILE) Health Care Act
- 117-hr-4104: Vanessa Guillén Military Justice Improvement and Increasing Prevention Act
- 117-hr-3807: Relief for Restaurants and other Hard Hit Small Businesses Act of 2022

## Sources
- [117-hr-1192 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/1192)

## Related
- [117-hr-2471: Consolidated Appropriations Act, 2022](https://policyrisk.com/legislation/117-hr-2471)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [117-hr-5141: Maximizing Outcomes through Better Investments in Lifesaving Equipment for (MOB…](https://policyrisk.com/legislation/117-hr-5141)
- [117-hr-4104: Vanessa Guillén Military Justice Improvement and Increasing Prevention Act](https://policyrisk.com/legislation/117-hr-4104)
- [117-hr-3807: Relief for Restaurants and other Hard Hit Small Businesses Act of 2022](https://policyrisk.com/legislation/117-hr-3807)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-1192 (as of 2026-01-05).