Posts Tagged: Raul Grijalva

Congress Seeks Action on Energy in Puerto Rico

With Hurricane Season 2018 officially beginning, Congress is increasingly talking about Puerto Rico. A lot of the conversations focus on energy. Rob Bishop (R-UT), Chair of the House Natural Resources Committee, has committed to holding a hearing on Puerto Rico in his committee before the end of the month. “We need to look at what… Read more »

Lawmakers Seek Answers on Puerto Rico Electric Privatization Plan

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 »

Congressional Democrats Ask for Medical Support for Puerto Rico

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 »

Members of Congress Recommend Steps to Get Puerto Rico Schools Back on Track

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 »

Natural Resources Committee Democrats Request Oversight Hearing

On Thursday September 28, 2017, the Natural Resources Committee Democrats sent a letter to chairman Rob Bishop requesting an oversight hearing on the administration’s response to hurricanes Irma and Maria. The Natural Resources Committee has broad jurisdiction over the insular areas of the United States, including Puerto Rico. Due to this broad jurisdiction, the Democratic… Read more »

U.S. Senate OKs Puerto Rico Investment Bill

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 »

Puerto Rico Board Rejects Budget and PREPA Deal

The Puerto Rico financial control board in a closed meeting late yesterday rejected both the $9.256 billion budget for the territory’s central government for the fiscal year beginning Saturday and the debt restructuring agreement for the Electric Power Authority (PREPA). Both had been approved by the islands’ elected leaders, with the PREPA debt deal also… Read more »

Congress Continues to Influence Puerto Rico Financial Board

The Puerto Rico Financial Oversight and Management Board (FOMB), created by the PROMESA law, has been the subject of a number of complaints and concerns from members of the U.S. Congress. There have also been complaints about the board directed to the U.S. Congress. On June 15, Congressman Rob Bishop (R-UT), Chairman of the House… Read more »

House Passes U.S. Territories Investor Protection Act

The U.S. House of Representatives passed legislation yesterday to require investment companies located in Puerto Rico and other U.S. possessions to adhere to federal registration requirements imposed by the Securities and Exchange Commission (SEC).  Current law exempts such companies from registration requirements with the SEC provided that their shares are sold solely to the residents of… Read more »

Witnesses Announced for March 22 Hearing on PREPA

The Subcommittee on Indian, Insular and Alaska Native Affairs of the U.S. House of Representatives has released its list of witnesses for its oversight hearing, “The Status of the Puerto Rico Electric Power Authority (PREPA) Restructuring Support Agreement,” which will be held at 10:00 am tomorrow. Puerto Rico Gov. Ricardo Rosselló will appear on the first panel,… Read more »