Several members of Congress have written a letter to the chair of the PROMESA Fiscal Oversight and Management Board requesting reconsideration of austerity measures instituted in Puerto Rico. Rep. Nydia M. Velázquez (D-NY), U.S. Senator Bob Menendez (D-NJ), Chairman of the House Natural Resources Committee Rep. Raúl Grijalva (D-AZ), and Rep. Alexandria Ocasio-Cortez (D-NY) asked… Read more »
Members of the House and Senate expressed a wide range of individual reactions to the resignation of Governor Ricardo Rossello. Some, like Bernie Sanders (D-VT) and Alexandria Ocasio-Cortez (D-NY), congratulated the people of Puerto Rico for deposing Rossello. Marco Rubio (R-FL) took a similar position, saying, “The resignation of Ricardo Rosselló is an opportunity for… Read more »
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 »
Rep. Raul Grijalva (D-AZ) is the incoming chair of the House Natural Resources Committee, the committee which oversees Puerto Rico for Congress. In an interview last week with El Nuevo Dia, Puerto Rico’s largest news source, he outlined his plan for Puerto Rico: He wants to change the relationship between the PROMESA Fiscal Oversight and Management… Read more »
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 »
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 »
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 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 »
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 »
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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