The Republican Study Committee will oppose the Puerto Rico fix in its currently drafted form. The opposition is focusing on the “cram down” provisions modeled after a specific section of the bankruptcy law that deals with situations in which creditors cannot agree on debt restructuring.
The section of bankruptcy code, 1129(b), used by the draft bill requires a court to decide on a fair and equitable cut to investment among all creditors if an agreement with the borrower (in this case, Puerto Rico's government and/or public corporations) can't be reached. In the bill, a federal oversight board can send a debt-restructuring disagreement between creditors and the government to court under the same parameters as the bankruptcy code.
The RSC does not mandate that its members vote in a certain way but this could cause problems for the bill among House Republicans.