Puerto Rico’s federally created financial oversight board asked a federal appeals court yesterday to extend a July 15 deadline for its members to be confirmed by the U.S. Senate, citing concerns that missing it could harm an ongoing restructuring of the bankrupt U.S. commonwealth’s debt, Reuters reported. The action followed an announcement by a U.S. Senate committee that the confirmation process will not begin for several weeks. “Without such an extension, the oversight board would be unable to carry out its responsibilities on July 15, which will throw the debt restructuring process into chaos and threaten irreparable damage to the Puerto Rican economy,” the board said in a statement. The board, which is overseeing the restructuring of about $120 billion of Puerto Rico debt and pension obligation through a form of bankruptcy, asked the Boston-based First Circuit Court of Appeals to extend the deadline pending a U.S. Supreme Court decision on whether to review the matter. The appeals court in May extended a May 16 deadline for the board’s seven members to be reappointed or replaced to July 15. In February, in a case brought by Puerto Rico creditors, the court ruled that the members’ 2016 appointments violated the U.S. Constitution’s Appointments Clause because they were not confirmed by the Senate. The White House yesterday officially sent nominations for the board’s current members to the Senate Energy and Natural Resources Committee, which said it expects to receive paperwork for the nominees “within several weeks and will announce a hearing for (the nominations) shortly thereafter.” The nominations cover only the remainder of the members’ terms, which all end on Aug. 30. A spokesman for the board said the members would continue serving until they are formally replaced. The Supreme Court could announce as soon as Monday whether it will review the First Circuit’s appointments ruling.