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"The PROMESA Act will ensure that the island meets its debt obligations in a controlled, responsible manner, without saddling the U.S. taxpayers with the bill."

Does the act appropriate any money, or guarantee any debt, for Puerto Rico with the expectation that it will somehow be paid back? If so then this is just a bail out.

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“Does the act appropriate any money, or guarantee any debt, for Puerto Rico with the expectation that it will somehow be paid back? If so then this is just a bail out”

No.