To add a new Article 115 and renumber the current Articles 115 and 116 as Articles 116 and 117 respectively, of Act No. 187-2015, as amended, known as the “Interagency Validation Portal Act for the Granting of Incentives for Economic Development of Puerto Rico” (PIVCIDE).

Date: May 6, 2022

To create the 'Community Capital Program', attached to the Department of Economic Development and Commerce (DDEC), to provide small and medium-sized enterprises (SMEs) and local investors with the training, support and tools necessary to take advantage of the Jumpstart Our Business Startups (JOBS) Act and the corresponding regulations issued by the Securities and Exchange Commission, known as Regulation CF, which make available to SMEs another alternative for raising capital, known as crowdfunding or equity crowdfunding; define the responsibilities of the Secretariat of Economic Development and Trade for the Program; provide for the submission of an Annual Report on the Program's performance; and for other related purposes.

To amend Articles 3, 10, 12 and 13 of Law No. 20-2012, as amended, known as the “Act to Encourage the Export of Services” in order to include medical tourism services and telemedicine facilities as part of the services eligible under the Act; to eliminate bureaucratic restrictions and requirements that limit the granting of tax incentives to applicants for these, in order to promote greater participation of those who wish to invest to export their services outside the Island, in order to promote economic development of Puerto Rico; and for other related purposes.