1. Short title This Act may be cited as the Financial Oversight and Management Board Integrity Act of 2023 . 2. Disqualification of certain advisors to the financial oversight and management board Section 109 of PROMESA ( 48 U.S.C. 2129 ) is amended by adding at the end the following: (c) Disqualification of certain advisors (1) Definition of covered contract In this subsection, the term covered contract means a contract with the territorial government or an instrumentality of the territorial government, the performance of which is within the jurisdiction of the Oversight Board under section 204(b). (2) Disqualification In accordance with the rules adopted by the Oversight Board under paragraph (3), any third-party advisory or consulting firm shall be disqualified from advising the Oversight Board for the duration of any period during which the firm has as a client, or provides advisory or other consulting services in any capacity to, an individual, corporation, association, organization, or other business entity, including a subsidiary, that is competing for, or is performing, a covered contract. (3) Rules For purposes of carrying out paragraph (2), the Oversight Board shall adopt rules to carry out the following: (A) To be eligible to advise or consult the Oversight Board with respect to the review, procurement, or performance of a covered contract, a third-party advisory or consulting firm shall certify to the Oversight Board that the third-party advisory or consulting firm is not disqualified from advising the Oversight Board under paragraph (2). (B) Any officer or employee of a third-party advisory or consulting firm who prepares, presents, or certifies any information or report with respect to the certification of the third-party advisory or consulting firm under subparagraph (A) for the Oversight Board, or any agent of the Oversight Board, that is intentionally false or misleading, or, on learning that any such information is false or misleading, fails to immediately advise the Oversight Board or an agent