48 U.S.C. § 2197 — Report

Page 379 TITLE 48—TERRITORIES AND INSULAR POSSESSIONS § 2198 1 So in original. Probably should be ‘‘subsection (g)’’. Leader of the House of Representatives, in co- ordination with the ranking minority member of the Committee on Ways and Means of the House of Representatives. (5) One member of the Senate, who shall be appointed by the Majority Leader of the Sen- ate, in coordination with the Chairman of the Committee on Energy and Natural Resources of the Senate. (6) One member of the Senate, who shall be appointed by the Majority Leader of the Sen- ate, in coordination with the Chairman of the Committee on Finance of the Senate. (7) One member of the Senate, who shall be appointed by the Minority Leader of the Sen- ate, in coordination with the ranking minor- ity member of the Committee on Energy and Natural Resources of the Senate. (8) One member of the Senate, who shall be appointed by the Minority Leader of the Sen- ate, in coordination with the ranking minor- ity member of the Committee on Finance of the Senate. (c) Deadline for appointment All appointments to the Task Force shall be made not later than 15 days after June 30, 2016. (d) Chair The Speaker shall designate one Member to serve as chair of the Task Force. (e) Vacancies Any vacancy in the Task Force shall be filled in the same manner as the original appoint- ment. (f) Status update Between September 1, 2016, and September 15, 2016, the Task Force shall provide a status up- date to the House and Senate that includes— (1) information the Task Force has col- lected; and (2) a discussion on matters the chairman of the Task Force deems urgent for consideration by Congress. (g) Report Not later than December 31, 2016, the Task Force shall issue a report of its findings to the House and Senate regarding— (1) impediments in current Federal law and programs to economic growth in Puerto Rico including equitable access to Federal health care programs; (2) recommended changes to Federal law and programs that, if adopted, would serve to spur sustainable long-term economic growth, job creation, reduce child poverty, and attract in- vestment in Puerto Rico; (3) the economic effect of Administrative Order No. 346 of the Department of Health of the Commonwealth of Puerto Rico (relating to natural products, natural supplements, and di- etary supplements) or any successor or sub- stantially similar order, rule, or guidance of the Commonwealth of Puerto Rico; and (4) additional information the Task Force deems appropriate. (h) Consensus views To the greatest extent practicable, the report issued under subsection (f) 1 shall reflect the shared views of all eight Members, except that the report may contain dissenting views. (i) Hearings and sessions The Task Force may, for the purpose of car- rying out this section, hold hearings, sit and act at times and places, take testimony, and receive evidence as the Task Force considers appro- priate. If the Task Force holds hearings, at least one such hearing must be held in Puerto Rico. (j) Stakeholder participation In carrying out its duties, the Task Force shall consult with the Puerto Rico Legislative Assembly, the Puerto Rico Department of Eco- nomic Development and Commerce, and the pri- vate sector of Puerto Rico. (k) Resources The Task Force shall carry out its duties by utilizing existing facilities, services, and staff of the House of Representatives and Senate, except that no additional funds are authorized to be ap- propriated to carry out this section. (l) Termination The Task Force shall terminate upon issuing the report required under subsection (f) 1. (Pub. L. 114–187, title IV, § 409, June 30, 2016, 130 Stat. 593.) § 2197. Report Not later than 18 months after June 30, 2016, the Comptroller General shall submit a report to the Committee on Natural Resources of the House of Representatives and the Committee on Energy and Natural Resources of the Senate de- scribing— (1) the conditions which led to the level of debt, which should be analyzed, per capita and based upon overall economic activity; (2) how actions of the territorial government improved or impaired the territory’s financial conditions; and (3) recommendations on non-fiscal actions, or policies that would not imperil America’s homeland and national security, that could be taken by Congress or the Administration to avert future indebtedness of territories, while respecting sovereignty and constitutional pa- rameters. (Pub. L. 114–187, title IV, § 410, June 30, 2016, 130 Stat. 594.) § 2198. Report on territorial debt (a) Report required Not later than one year after June 30, 2016, and thereafter not less than once every two years, the Comptroller General of the United States shall submit to Congress a report on the public debt of each territory, including— (1) the historical levels of each territory’s public debt, current amount and composition of each territory’s public debt, and future pro- jections of each territory’s public debt; (2) the historical levels of each territory’s revenue, current amount and composition of each territory’s revenue, and future projec- tions of each territory’s revenue; (3) the drivers and composition of each terri- tory’s public debt;