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 »
Following Governor Ricardo Rosselló’s announcement to privatize the Puerto Rico Electric Power Authority (PREPA), Rep. Nydia M. Velázquez (D-NY), Rep. Raúl M. Grijalva (D-AZ) and Rep. José E. Serrano (D-NY) wrote today to the Governor requesting additional details on the plan, including assurances on affordable rates and reliable service. “It is evident to us that… Read more »
The landmark federal tax reform proposal released on Friday includes a provision to encourage economic growth in Puerto Rico and other economically distressed areas that was requested by Puerto Rico Resident Commissioner Jenniffer González-Colón and several other members of Congress in a letter to congressional tax leaders. The tax bill omits several of the group’s other… Read more »
Almost 60 Democratic Member of Congress sent a letter last week to U.S. House Speaker Paul Ryan (R-WI) and U.S. Senate Leader Mitch McConnell (R-KY) regarding the ongoing healthcare crisis in Puerto Rico and the Virgin Islands. The letter begins with a succinct desire to “avoid further fatalities” in the U.S. territories affected by Hurricanes… Read more »
On November 7, the House Natural Resources Committee held an oversight hearing “Examining Challenges in Puerto Rico’s Recovery and the Role of the Financial Oversight and Management Board” The witness panel was composed by Natalie Jaresko, Executive Director Financial Oversight and Management Board for Puerto Rico, Noel Zamot, Revitalization Coordinator Financial Oversight and Management Board… Read more »
On October 24, 2017, members of Congress wrote a letter to Secretary of Education, Betsy Devos, and Director of Office of Management and Budget, Mick Mulvaney, with recommendations for education agencies in Puerto Rico and U.S. Virgin Islands. The US Department of Education will make recommendations for supplemental appropriations in the wake of hurricanes Harvey,… Read more »
Senate Democratic Leader Charles Schumer (D-NY) urged the White House to appoint an experienced emergency CEO of Response & Recovery to manage federal response in Puerto Rico. The CEO would have a direct line and access to the President, the Governor of Puerto Rico, all Cabinet Secretaries, member of Congress, and local Puerto Rican officials… Read more »
Numerous Members of Congress have pledged they would treat the United States territories of Puerto Rico and the U.S. Virgin Islands as equal partners to the states in terms of disaster assistance, and on Oct. 12 the House of Representatives made progress in upholding that pledge when it approved a $36.5 billion relief bill. The… Read more »
House Armed Services Ranking Member Adam Smith (D-WA) and Rep. Nydia M. Velázquez (D-NY) led 145 Members of Congress in writing a letter to President Trump demanding that the Department of Defense deploy additional resources to aid recovery efforts in Puerto Rico and the Virgin Islands. Lawmakers are calling for the appointment of a senior… Read more »
Last night, the U.S. Senate passed a bill to end the exemption of investment firms in Puerto Rico and other U.S. territories that do exclusive business in those islands from the Investment Company Act of 1940, giving the SEC greater jurisdiction over their activities. Senator Robert Menendez (D-NJ) sponsored the bill with Sens. Orrin Hatch… Read more »
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