Posts Tagged: Elizabeth Warren

Cantwell, Reid Turn to McConnell for Action on Puerto Rico

Senator Maria Cantwell, (D-WA), Ranking Member of the Senate Energy and Natural Resources Committee, and Senate Minority Leader Harry Reid (D-NV) were joined by 44 of their Democratic colleagues in a letter to Senate Majority Leader Mitch McConnell demanding action on Puerto Rico’s fiscal problems. “We write to you with concern for the 3.5 million… Read more »

Sen. Warren seeks moratorium on creditor lawsuits against Puerto Rico until March 31

Before Congress adjourned for the year last Friday, Sen. Elizabeth Warren (D-MA) introduced the Puerto Rico Emergency Financial Stability Act (PREFSA) to impose a short-term moratorium on creditor lawsuits against Puerto Rico until March 31.  The Senate legislation mirrors a proposal that House Minority Leader Nancy Pelosi (D-CA) introduced on the same day. Joining Warren on the… Read more »

Menendez Leads Senate in Introducing Tax Legislation to Help Puerto Rico

U.S. Senator Bob Menendez (D-NJ) has introduced the “Earned Income Tax Credit and Child Tax Credit Equity for Puerto Rico Act,” which would extend the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) to all eligible families in Puerto Rico. The initiative is similar to a proposal introduced by the Obama administration… Read more »

Senate Hearing on Puerto Rico Underscores the Need for Action

The U.S. Senate Committee on Energy & Natural Resources held a hearing today on the Puerto Rican economic crisis, the territory’s unsustainable debt and options for Congressional action. Committee Chair Lisa Murkowski (R-AK) called the hearing to order by reiterating a point made by Senator Orrin Hatch (R-UT) at the Senate Finance Committee hearing held last… Read more »

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 »