#act2022

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jeffersonkim

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Puerto Rico ACT 20: House passed amendment for employment requirement

Puerto Rico ACT 20: House passed amendment for employment requirement

Translation: The Secretary shall establish through regulations or administrative determination criteria to used in the evaluation process of applications, including as criterion for assessing

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jeffersonkim

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Act 22 $5,000 annual requirement passed the Senate yesterday. On to PROMESA committee & House for amendments to clarify if retroactive or not (my guess).

Act 22 $5,000 annual requirement passed the Senate yesterday. On to PROMESA committee & House for amendments to clarify if retroactive or not (my guess).

If it remains retroactive, will result in chilling effect on all decree holders & potential class action lawsuit. We'll see what PROMESA says. Stay tuned.

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