Governmental Units
The Conference’s work where bankruptcy meets government — municipal debt adjustment under Chapter 9, Puerto Rico’s restructuring under PROMESA, and proposals to open bankruptcy to States and the Postal Service — and the targeted fixes that keep the law working as Congress intended.
Where the Conference shapes the law of municipal and governmental insolvency.
The Governmental Units Committee examines how bankruptcy law treats public debtors — how Chapter 9 protects municipal bonds secured by special revenues, how Puerto Rico’s PROMESA cases are reshaping municipal practice, and whether a State should have a bankruptcy option at all. Its reports propose targeted amendments to the Code and flag where the case law has drifted from what Congress intended.
Chapter 9
Debt adjustment for cities and other municipalities, and the special-revenue bonds that finance them.
Puerto Rico & PROMESA
The Conference’s comments on PROMESA, and on the rulings that followed its restructuring cases.
State insolvency
Why the Conference has grave constitutional doubts about a bankruptcy chapter for States.
The full committee
Reports & positions on governmental units in bankruptcy.
Chapter 9 and Special Revenue Bonds
Proposed Chapter 9 amendments after the Puerto Rico rulings — so a pledge of special revenues keeps securing municipal bonds once a case is filed.
ReadComments on the PROMESA Discussion Draft
The Conference’s comments on PROMESA’s debt-adjustment title — the ambiguities and jurisdictional questions to resolve before enactment.
ReadChapter 9 Eligibility for Puerto Rico Municipalities
Support for letting Puerto Rico authorize its municipalities to use Chapter 9 on the same footing as municipalities in the States.
ReadWeighing a municipal-bankruptcy provision?
Get the Conference’s non-partisan read — and a direct line for technical assistance on Chapter 9, PROMESA, and governmental units in bankruptcy.