Posts Tagged: Robert Menendez

Gillibrand Leads Senators Asking for Nutritional Assistance for Puerto Rico

In September, eight U.S. senators, led by New York Senator Kirsten Gillibrand (D), wrote to Secretary Purdue of the United States Department of Agriculture (USDA) requesting “much needed food aid” for Puerto Rico.  Unfortunately, the availability of food remains a problem in the United States’ most populous territory of roughly 3.4 million people. The USDA… Read more »

Congress Remains Adamant in Efforts to Aid Puerto Rico

On Thursday Oct. 19, 2017, the following Senators offered remarks in furtherance of the efforts to restore Puerto Rico: Sen. Chris Coons (D-DE), Sen. Mark Warner (D-VA), and Sen. Bob Menendez (D-NJ). Sen. Chris Coons (D-DE): There is an amendment that I have introduced that I know may well not get a vote but that I… Read more »

Board Seeks New Fiscal Plans in the Aftermath of Hurricane Maria

The Puerto Rico Financial Oversight and Management Board “is actively working to assess how” the 10-year fiscal adjustment plans for the Government of Puerto Rico and several of its instrumentalities that it adopted “should change in the aftermath of Hurricanes Irma and Maria.” In a letter released Saturday, the Board wrote  to eleven Democratic U.S. Senators… Read more »

Members of Congress Continue to Advocate for Puerto Rico Relief

Members of Congress continued to speak out on behalf of their fellow U.S. citizens of Puerto Rico last week.  On Thursday, October 5, 2017, the following Senators encouraged more action in relief efforts for Puerto Rico: Sen. Chuck Schumer (D-NY), Sen. Bob Menendez (D-NJ), Sen. Richard Durbin (D-IL), and Sen. Ben Cardin (D-MD).  On the… Read more »

Senate Democrats Outline Top Priorities for Rebuilding Puerto Rico, USVI

Senators Nelson (D-FL), Schumer (D-NY) and Cantwell (D-WA) led a group of 26 Senate Democrats yesterday in sending a letter to the White House outlining their top priorities for Puerto Rico recovery. Stressing that “strong and decisive leadership is needed,” the Senators identified eight areas for immediate action: All municipalities in Puerto Rico need to be… 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 »

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 »