Since the 2016 law known as PROMESA was passed, many Puerto Ricans have felt that their local democracy was sidelined by an unelected federal board. This bill creates a 'self-destruct' button for that federal board. If it passes, the Puerto Rican government can regain sovereignty over its financial decisions just by setting up its own local successor.

This is particularly relevant for the island's power grid. Currently, the federal board makes the decisions on how to pay back PREPA's billions in debt, which often leads to higher electricity rates for residents. This law would put those decisions back into the hands of a local board or the utility itself, potentially changing how the island handles its energy future.