director and staff oversight board Section 103 of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2123 ) is amended— (1) in subsection (a), by inserting after the period at the end the following: An individual may not serve as Executive Director if that individual has served in an official capacity in the territorial government, in a municipal government or public corporation of the territorial government, or in a financial institution owned by the territorial government, or has been an employee or director of a corporation, company, or institution that has sold financial assets to, purchased financial assets from, or insured financial assets of the territorial government.