Posts Tagged: Nancy Pelosi

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 »

Rep. Nancy Pelosi Cites “Moral Responsibility to Help our Fellow Americans,” Introduces Legislation to Help Puerto Rico

In recognition of Congress’s failure to include Chapter 9 bankruptcy restructuring  authority in the omnibus spending bill passed by Congress today, Rep. Nancy Pelosi announced the introduction of H.R. 4290, the Puerto Rico Emergency Financial Stability Act, to provide a short-term stay of legal actions by some of Puerto Rico’s creditors while Congress continues to… Read more »

Speaker Ryan Pledges to Resolve Puerto Rico’s Fiscal Crisis by March 31st

U.S. House of Representatives Speaker Paul Ryan late this afternoon said that he was “instructing” House committees to “work with the Puerto Rican government to come up with a responsible solution” to “Puerto Rico’s fiscal crisis” by March 31st. As first reported in the Hill, Ryan made it clear that this would not include broad authority… Read more »

Senate Proposal Calls for U.S. Control in Puerto Rico

Two bills to resolve the financial problems of Puerto Rico were introduced by Republicans in the U.S. Congress yesterday. The legislative proposals were introduced after Senate Republicans blocked a move by Senator Charles Schumer (D-NY) to grant the territory the authority of a State to enable insolvent instrumentalities to restructure debts under Federal Bankruptcy Code Chapter… Read more »

63 in Congress Sponsor Statehood Bill

The number of members of the U.S. House of Representatives who have formally proposed statehood legislation for Puerto Rico has grown to 63. The 63 do not include other members of Congress who have said that they support the legislation, including, for example Raul Labrador (Idaho), a Republican with ‘Tea Party’ support, who was born in… Read more »

54 in Congress Propose 51st State

The number of members of the U.S. House of Representatives who have formally proposed statehood legislation for Puerto Rico reached 54. The 54 members of Congress do not include a number of others who have said that they support the legislation, including, for example Raul Labrador (Idaho), who was born in Puerto Rico, a Republican… Read more »

Thirty-Eight in Congress Propose Statehood

Thirty-eight members of the U.S. House of Representatives proposed statehood legislation for Puerto Rico yesterday. The bill responds to the islands’ political status plebiscite last November. In the plebiscite, 54% of the vote rejected continuation of the current territory status, often popularly — but misleading — called “commonwealth,” and more than 61% was for statehood… Read more »

Pierluisi Asks for Congressional Leadership to Act on Puerto Rico Results

We have previously reported on a letter Puerto Rican Resident Commissioner Pedro Pierluisi sent to President Obama in which he asked for the president’s “time, resources and – above all – leadership to help resolve the question of Puerto Rico’s political status.”  Pierluisi has also sent a similar letter to congressional leaders, including House of Representatives Speaker John Boehner,… Read more »

Should Puerto Rico’s Resident Commissioner Be Allowed to Vote?

Puerto Rico’s Resident Commissioner is officially nonvoting — but in the past those in this position have been allowed to vote on the floor, being asked to abstain only when their votes would make a difference to the outcome of a vote. Since a single vote rarely determines the outcome, Puerto Rico had a means… Read more »