Puerto Rican People’s Power Restoration Act of 2026

This bill, titled the Puerto Rican People's Power Restoration Act of 2026, would end the federal Oversight Board for Puerto Rico if the territory's government creates a replacement organization to take over its duties. The law allows the Oversight Board to continue operating until Puerto Rico passes legislation establishing a successor entity, at which point the Board would cease to exist. Once the Board is replaced, the new Puerto Rico Electric Power Authority or other designated successor would assume the role of representing Puerto Rico in ongoing bankruptcy proceedings, including retaining the existing staff and legal advisors. The bill ensures that existing financial plans and court jurisdiction remain unchanged during this transition period.