Posts Tagged: Elizabeth Warren

Sharp Board Response to Democratic Lawmakers

The PROMESA Financial Board (FOMB) recently sent a strong reply  to six of the 34 congressional Democrats who wrote a critical letter to the board three weeks ago. The congressional letter was organized by the incoming chairman of the House committee with jurisdiction regarding PROMESA, Raul Grijalva (D-AZ), and signed by three senators who are… Read more »

Legislators Ask for FEMA Housing Investigation

Senators Elizabeth Warren (D-MA), Richard Blumenthal (D-CN), Bernie Sanders (I-VT), and Richard Durbin (D-IL) have asked U.S. Inspector General John Kelly to find answers to questions about the home rebuilding part of FEMA’s work on recovery following Hurricane Maria. Far fewer households were awarded any aid for their homes than is usual in disasters. One… Read more »

Senators Introduce Bill to Cancel Puerto Rico’s Debt

On the day set aside to celebrate Puerto Rico’s constitution, a group of U.S. senators introduced a bill to forgive Puerto Rico’s debt. Puerto Rico owes more than $70 billion to creditors. Then Governor Alejandro Garcia Padilla declared the debt “unpayable” in 2015. The PROMESA fiscal oversight board was put in place to help, among… Read more »

Panel to Investigate Hurricane Maria Response Proposed

A group of four Democratic members of Congress led by Rep. Nydia M. Velázquez (D-NY) has introduced legislation to create a national commission to investigate the federal response to the 2017 natural disasters in Puerto Rico. Rep. Velázquez along with Rep. Bennie G. Thompson (D-MS), the Ranking Democrat on the House Homeland Security Committee, and Senators… Read more »

Schumer and Leahy Urge “Full Force of Federal Government” in Disaster Relief

Senate Minority Leader Charles E. Schumer (D-NY) and Senate Appropriations Committee Vice Chairman Patrick Leahy (D-Vt.) wrote to Office of Management and Budget (OMB) Director Mick Mulvaney, outlining the efforts required to get Puerto Rico and other areas hit by recent natural disasters up and running again. The letter lists the natural disasters which have… Read more »

PROMESA Board Meets in NY Amidst Protests

The Puerto Rico Financial Oversight and Management Board wrapped up the business of its first formal meeting on Friday in 25 minutes.  The meeting had been scheduled to last an hour and a half. In a session in which almost all words were read and there was little spontaneous conversation, the Board unanimously — Elected… Read more »

Warren Speaks Up for Puerto Rico, Reportedly Calls for Statehood

The League of United Latin American Citizens (LULAC) Annual Legislative Conference and Awards Gala honored Senator Elizabeth Warren, who took the opportunity to speak on the debt crisis in Puerto Rico. Senator Warren was quoted by participants via Twitter as saying, “We have a moral obligation to help the millions of citizens caught in debt… Read more »