Posts Tagged: Stacey Plaskett

Members of Congress Speak Out for Puerto Rico Assistance

On Wednesday, several members of Congress in both the Senate and House of Representatives expressed their support for Puerto Rico. Numerous Senators expressed their support for Puerto Rico on the Senate floor: Senator Charles Schumer (D-NY), Senator Angus King (I-ME), Senator Richard Blumenthal (D-CT), and Senator Ron Wyden (D-OR). A significant number of Representatives also… 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 »

Historic First: Five of Six Non-Voting Representatives to Congress will be Women

With the election of Jenniffer Gonzalez as Puerto’s Rico’s first female Resident Commissioner, five of the six non-voting representatives in Congress will be women for the first time in history as the 115th Congress convenes in January. While each of the 50 states has voting congressional representatives, the territories and the District of Columbia have representatives… Read more »

91 in U.S. House Have Sponsored Statehood Bill

Forty additional members of the U.S. House of Representatives have sponsored the bill to make Puerto Rico a State in 2021 if Puerto Ricans vote for the status again since the bill was first introduced by a symbolic 51 members seven weeks ago. The territory’s resident commissioner in the House, Pedro Pierluisi, is the bill’s… Read more »