Financial Oversight and Management Bd. for Puerto Rico v. Aurelius Investment, LLC

On June 1, 2020, the Supreme Court resolved this dispute over whether the Constitution's Appointments Clause governs members of Puerto Rico's federal oversight board. Creditors said the President chose those members without Senate confirmation and also challenged whether the board's earlier actions could remain in place.

The answer affects Puerto Rico's debt restructuring and the authority of the oversight board created under PROMESA. That matters to creditors, Puerto Rico's government, and residents who could feel the effects in budgets and public services.

The Supreme Court has finished this docket action. Any remaining steps would occur in lower courts or Puerto Rico's debt proceedings under the Court's decision.

The main fight was whether the Appointments Clause covers members of Puerto Rico's federal oversight board. Creditors said Senate confirmation was required.

The board was managing Puerto Rico's debt crisis under PROMESA. If its members were appointed wrongly, creditors argued its earlier actions could be questioned.

The Supreme Court has finished this docket action. Any further proceedings would occur in lower courts or related debt cases.