Financial Oversight and Management Board Integrity Act of 2023
This bill prevents conflicts of interest for firms advising Puerto Rico's Financial Oversight and Management Board. It disqualifies any third-party consulting firm that represents a client competing for or performing a "covered contract" (contracts with Puerto Rico's government under the Board's oversight). Firms must certify they have no such conflicts, and false certifications or failure to report misleading information can lead to prosecution. The Board must refer violations to federal prosecutors. This directly affects consulting firms seeking to advise the Board on financial oversight matters.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
President
Introduced Mar 22, 2023
Last action Mar 22, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 22, 2023
Committee
Read twice and referred to the Committee on Energy and Natural Resources.
upper
Mar 22, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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