Posts Tagged: Bill Nelson

Senate Democrats Introduce Bill to Give Puerto Rico Equal Access to Federal Bankruptcy Protections

Senators Richard Blumenthal (D-CT) and Charles Schumer (D-NY) introduced legislation yesterday to grant Puerto Rico the ability to declare bankruptcy for its municipalities and public utilities and avoid the growing fiscal crisis in the U.S. territory.  The legislation, which is identical to a proposal introduced in the House of Representatives by Puerto Rico Resident Commissioner… Read more »