To amend the Puerto Rico Oversight, Management, and Economic Stability Act to provide for the termination of the Oversight Board under certain circumstances, and for other purposes.

# Summary of HR 7833 **What the Bill Would Do:** This bill would modify the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) by establishing conditions under which the federal Oversight Board could be terminated. The Oversight Board was created in 2016 to manage Puerto Rico's finances during its debt crisis. Rather than having the board exist indefinitely, this bill would allow it to be dissolved once certain financial or economic goals are met, giving Puerto Rico more control over its own affairs sooner. **Who It Affects:** The primary beneficiaries would be Puerto Rico's residents and government, as they would potentially regain fiscal autonomy faster.

The bill would also affect federal creditors and investors who currently operate under Oversight Board supervision, as well as the board members themselves, whose positions could be eliminated. **Current Status:** As of now, HR 7833 is in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. The bill was sponsored by Representative Raja Krishnamoorthi (D-IL). Without additional information about specific termination conditions included in the bill's text, the exact benchmarks for ending the Oversight Board are unclear from this summary alone.