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![handle is hein.congrecreports/crptxaedq0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
Calendar No. 182
117TH CONGRESS REPORT
1st Session SENATE 117-48
PUERTO RICO RECOVERY ACCURACY IN DISCLOSURES
ACT OF 2021 (PRRADA)
DECEMBER 13, 2021.-Ordered to be printed
Mr. MANCHIN, from the Committee on Energy and Natural
Resources, submitted the following
R E P O R T
together with
ADDITIONAL VIEWS
[To accompany H.R. 1192]
The Committee on Energy and Natural Resources, to which was
referred the bill (H.R. 1192) to impose requirements on the pay-
ment of compensation to professional persons employed in vol-
untary cases commenced under title III of the Puerto Rico Over-
sight Management and Economic Stability Act (commonly known
as PROMESA), having considered the same, reports favorably
thereon with an amendment (in the nature of a substitute) and rec-
ommends that the bill, as amended, do pass.
AMENDMENT
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Puerto Rico Recovery Accuracy in Disclosures Act
of 2021 or PRRADA.
SEC. 2. DISCLOSURE BY PROFESSIONAL PERSONS SEEKING APPROVAL OF COMPENSATION
UNDER SECTION 316 OR 317 OF PROMESA.
(a) DEFINITIONS.-In this section:
(1) LIST OF MATERIAL INTERESTED PARTIES.-The term List of Material Inter-
ested Parties means the List of Material Interested Parties established under
subsection (c)(1).
(2) OVERSIGHT BOARD.-The term Oversight Board has the meaning given
the term in section 5 of PROMESA (48 U.S.C. 2104).
(b) REQUIRED DISCLOSURE.-
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