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House Republicans to push Puerto Rico bill by end of March
Source: Reuters
Business | Mon Feb 1, 2016 2:31pm EST
House Republicans to push Puerto Rico bill by end of March
WASHINGTON
Republicans plan to bring a bill addressing Puerto Rico's debt crisis to the floor of the U.S. House of Representatives by the end of March, House Majority Leader Kevin McCarthy said on Monday.
McCarthy, speaking to reporters at a press briefing, offered no details on the content of the planned legislation.
He said two House committees will be in charge of developing legislation, adding that one of them is looking at a "control panel" to help the Caribbean island U.S. territory out of its debt problems.
The U.S. Treasury Department has called on Congress to create a fiscal control board for Puerto Rico. Puerto Rico Governor Alejandro Garcia Padilla has said his administration would seek to ensure that any such board would respect the island's autonomy.
"Chapter 9" bankruptcy for municipalities also has been discussed, McCarthy said.
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House Republicans to push Puerto Rico bill by end of March
WASHINGTON
Republicans plan to bring a bill addressing Puerto Rico's debt crisis to the floor of the U.S. House of Representatives by the end of March, House Majority Leader Kevin McCarthy said on Monday.
McCarthy, speaking to reporters at a press briefing, offered no details on the content of the planned legislation.
He said two House committees will be in charge of developing legislation, adding that one of them is looking at a "control panel" to help the Caribbean island U.S. territory out of its debt problems.
The U.S. Treasury Department has called on Congress to create a fiscal control board for Puerto Rico. Puerto Rico Governor Alejandro Garcia Padilla has said his administration would seek to ensure that any such board would respect the island's autonomy.
"Chapter 9" bankruptcy for municipalities also has been discussed, McCarthy said.
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Read more: http://www.reuters.com/article/us-usa-puertorico-congress-idUSKCN0VA38E
4 replies
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= new reply since forum marked as read
Ruh-roh, Rorge! That sounds a lot like Michigan's "emergency managers" to me. 
