Congressional Democrats Call Treasury’s Actions on Loans “Very Disturbing”

Following a strongly-worded letter from Governor Rossello, 58 members of Congress have written to Treasury Secretary Steven T. Mnuchin asking that the Treasury take action on disaster relief loans to Puerto Rico. “We are concerned by reports of reduced loan amounts and repayment requirements,” the legislators wrote, “and believe that you must ensure that your… Read more »

FOMB Seeks to Reduce “Extraordinarily Expensive” Legal Fees

Under PROMESA,the Puerto Rico Oversight, Management, and Economic Stability Act passed by Congress in 2016, a Fiscal Oversight and Management Board (FOMB) was created. The FMOB’s goal, as recently set forth by FOMB Chairman José B. Carrión III, in separate letters to Puerto Rico Governor Ricardo Rossello and congressional leaders is “to help Puerto Rico… Read more »

Carlos Correa Skips White House Visit

The Houston Astros visited the White House, but Carlos Correa opted out. Instead of joining in that historic visit, he decided to spend the day working with his family to get supplies to Puerto Rico. Correa assured reporters that there was no political message in his decision to devote his time to helping Puerto Rico…. Read more »

U.S. Congressional Committee to Investigate PREPA

Leaders of the U.S. House Natural Resources Committee sent a letter today to Justo Gonzalez, Interim Executive Director of PREPA, requesting documents and information to “better understand the scope of alleged corruption in PREPA’s power restoration operations[‘]” The letter is signed by House Natural Resources Committee Chairman Rob Bishop (R-UT), Subcommittee on Oversight and Investigations… Read more »

Puerto Rico Statehood Commission Demands Action

The Puerto Rico Statehood Commission has written to Congress demanding action on Puerto Rico statehood. The letter, sent on March 6, was signed by five members of the Commission, each of whom was identified as either a Shadow United States Senator or Shadow Member of Congress.  The correspondence, addressed to their fellow “colleagues” of the… Read more »

FCC to Provide Millions for Puerto Rico Communications

Federal Communications Commission Chairman Ajit Pai announced that the FCC will dedicatae $954 million toward improving connectivity in Puerto Rico and the U.S. Virgin Islands. Puerto Rico will benefit from a $750 million fund called Uniendo a Puerto Rico (Bringing Puerto Rico Together). The goal is to restore telecommunications access and to support extended broadband across… Read more »

Puerto Rico Foreclosure Moratorium Extended

Puerto Rico Resident Commissioner Jenniffer González Colón (R-PR), Delegate Stacey Plaskett (D-USVI) and Representative Darren Soto (D-FL) led a bipartisan letter to Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD), last week asking the Federal Housing Administration (FHA) to extend its moratorium on foreclosures in Puerto Rico and the USVI… Read more »

Governor Rossello Asks for Help with the U.S. Department of Treasury

Puerto Rico Governor Ricardo Rossello Nevares sent a letter to Majority and Minority Leaders of both the U.S. House of Representatives and Senate, containing specific complaints about U.S. Treasury Department positions regarding loans to territorial government entities from the $4.9 billion appropriated by the October 26th Federal disaster assistance law. The strongly worded letter began,… Read more »

Puerto Rico Hurricane Recovery Update

Discussions of Puerto Rico now feel as though there is a Before and After: before Hurricanes Irma and Maria hit the territory, and after the disaster struck. At Puerto Rico Report, our focus is on the political status of Puerto Rico. Current views on the status of Puerto Rico include these: Ignore the political status… Read more »

NASS Resolution Favors Puerto Rico Statehood

The National Association of Secretaries of State (NASS) has issued a Resolution in Support of Self Determination and Equality for Puerto Rico. NASS offers six premises for the resolution: Puerto Rico has been a territory of the United States, owned by the U.S. and therefore “a part of the United States of America” since 1898…. Read more »