Establishes a Puerto Rican relief account in New York to manage federal recovery and relief funds for Puerto Rico.

The bill creates a special account called the "Puerto Rican relief account" in the custody of the New York State Comptroller. This account will hold all recovery and relief funds provided by the federal government to Puerto Rico under the Bipartisan Budget Act of 2018. The comptroller is authorized to invest these funds in certain securities and may deduct necessary administration fees. The account will earn interest annually and Puerto Rico must notify the comptroller of its intention to terminate the account at least 80 days before doing so.

Establishes a Puerto Rican relief account in New York to manage federal recovery and relief funds for Puerto Rico.

The bill creates a special account called the "Puerto Rican relief account" in the custody of the New York State Comptroller. This account will hold all recovery and relief funds provided by the federal government to Puerto Rico under the Bipartisan Budget Act of 2018. The comptroller is authorized to invest these funds in certain securities and may deduct necessary administration fees. The account will earn interest annually and Puerto Rico must notify the comptroller of its intention to terminate the account at least 80 days before doing so.