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H.R. 7409: TRUST for Puerto Rico Act of 2022

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H.R. 7409: TRUST for Puerto Rico Act of 2022

117th Congress · introduced 2022-04-05 · Government Operations and Politics · Latest: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2022-04-05 · official record
  2. Who proposed it: Rep. Torres, Ritchie [D-NY-15] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

TRUST for Puerto Rico Act of 2022

Plain summary

Territorial Relief Under Sustainable Transitions for Puerto Rico Act of 2022 or the TRUST for Puerto Rico Act of 2022 This bill modifies the conditions for the termination of the oversight board for Puerto Rico. Specifically, the oversight board must terminate not later than 90 days after certification by the board for at least two consecutive fiscal years that (1) the territorial government has developed its budgets in accordance with modified accrual accounting standards; and (2) the expenditures made by the territorial government during each fiscal year did not exceed its revenues, as determined in accordance with such standards and without regard to whether the applicable budget provides for the payment of debt service. The bill also sets forth provisions regarding the transition of oversight from an oversight board to a territorial government.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

TRUST for Puerto Rico Act of 2022

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Torres, Ritchie [D-NY-15] · 13 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Nydia M. Velázquez (D-NY), Darren Soto (D-FL), Adriano Espaillat (D-NY), Grace Meng (D-NY), Thomas R. Suozzi (D-NY), Jesús G. "Chuy" García (D-IL), Alexandria Ocasio-Cortez (D-NY), James P. McGovern (D-MA), Brendan F. Boyle (D-PA)

Sponsor's campaign money: Rep. Torres, Ritchie [D-NY-15] reported raising $7.2 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Fiscal year
The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr7409 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117