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 »
On Tuesday Oct. 10, the Puerto Rico Financial Oversight and Management Board (the “Board”) sent a letter to Secretary of the Treasury Steven Mnuchin calling for the maximum federal assistance to aid the Island. The letter complements similar outreach by Puerto Rico Governor Ricardo Roselló, who sent a letter to the President and to Congressional leaders… Read more »
On Oct. 11, Resident Commissioner Jenniffer González Colón and Governor Ricardo Rosselló informed the public that the House Appropriation Committee moved forward disaster relief legislation for Puerto Rico. This legislation, which will provide $36.4 billion in disaster relief, will include loans worth $4.9 billion to the Puerto Rico and U.S. Virgin Islands governments. The bill… Read more »
According to a report in Caribbean Business, President Trump met with Puerto Rico Governor Ricardo Rossello at Trump Towers. Spokespeople for both Trump and Rossello say that the meeting never happened. Trump’s Treasury Secretary nominee, Steve Mnuchin, answered questions from Bill Nelson (D-FL) about Puerto Rico during his confirmation hearings by expressing concern and saying… Read more »
During his nomination hearing today before the U.S. Senate Committee on Finance, Treasury Secretary nominee Steve Mnuchin told a Democratic Senator that with respect to the territory’s challenges, “we need to figure out a bipartisan solution.” Sen. Bill Nelson (D-FL) used a portion of his remarks to address the unequal treatment of Puerto Rico. He explained:… Read more »
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