Sentences with phrase «financial restructuring legislation»
The practice is based on historic provincial debt collection legislation intended in part to provide consumers with voluntary debt consolidation service when no one will lend — before the availability of the consumer proposal embodied in federal debt relief, financial restructuring legislation.
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The legislation, called PROMESA, would create a federal oversight board to help Puerto Rico governments balance their budgets, improve financial reporting and facilitate debt restructuring when voluntary agreements between creditors and borrowers can not be reached.
The federal government now controls two major car companies, has wasted over $ 860 billion on a failed economic stimulus plan, taken over our health care system, put the nation's banks and financial systems under its enormous thumb and attempted to restructure our entire economy with cap - and - trade legislation.
Recent highly - publicized and catastrophic data breaches, coupled with the implementation of new landmark legislation, including the European Union's General Data Protection Regulation (GDPR), and the New York Department of Financial Services» Cybersecurity Regulation are forcing businesses to restructure the way they manage and protect sensitive information.