Home > newsroom > Page
Bishop Statement on Senate Passage of PROMESA


WASHINGTON, D.C., June 29, 2016 -

Today, the U.S. Senate passed S. 2328, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), with a bipartisan vote of 68-30. Chairman Rob Bishop (R-UT) issued the following statement:

“With a decade-long recession, worsening humanitarian conditions, a mass exodus of its residents and a looming financial collapse, Puerto Rico is in dire straits. Inaction by Congress would have jeopardized the wellbeing of U.S. citizens on the Island and the investments of countless Americans across the country. We have a moral and constitutional obligation to extend a lifeline to Puerto Rico. Today, Congress fulfilled that obligation.

“Although tough decisions remain ahead for Puerto Rico’s leaders, PROMESA’s passage brings hope for the Island and its residents. This is a framework for the Commonwealth to restore accountability in government, impose fiscal discipline and build a foundation for future prosperity.

“This is compromise legislation based on sound principles that will help Puerto Rico’s economy recover. I am pleased the Senate passed the bill without amendments that would have stopped our progress.”

S. 2328 is identical to H.R. 5278, which passed the U.S. House with a bipartisan vote of 297-127 on June 9, 2016. 


Contact: Committee Press Office 202-226-9019

Latest News

Statement on President Trump Signing Repeal of BLM Planning 2.0 Rule

Today, President Trump signed H.J. Res 44 (Rep. Liz Cheney, R-WY), a joint resolution of disapproval under the Congressional Review Act to repeal the Bureau of Land Management’s (BLM) Planning 2.0 Rul...... Read more

Statement on Trump Administration’s Plans to Repeal of Oil, Natural Gas and Coal Valuation Rule

Today, the Department of the Interior announced plans to repeal the Office of Natural Resources Revenue’s (ONRR) “Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Rule.” “The Trump a...... Read more

Subcommittee Presses Panel on Status of Puerto Rico’s Power Utility Restructuring Agreement

Today, the Subcommittee on Indian, Insular and Alaska Native Affairs held an oversight hearing on the status of the Puerto Rico Electric Power Authority (PREPA) Restructuring Support Agreement (RSA). ...... Read more

View All News

Calendar

Oversight Hearing on ESA Consultation Impediments to Economic and Infrastructure Development
Subcommittee on Oversight and Investigations | 1324 Longworth House Office Building Washington D.C. 20515
Legislative Hearing on H.R. 220, H.R. 1411 and Discussion Draft of the "Bureau of Reclamation Pumped Storage Hydropower Development Act"
Subcommittee on Water, Power and Oceans | 1324 Longworth House Office Building Washington D.C. 20515
View All Events