The House Committee on Natural Resources hearing titled “Examining Challenges in Puerto Rico’s Recovery and the Role of the Financial Oversight and Management Board" scheduled for Tuesday, October 24, 2017 has been postponed until further notice, at a date and time to be determined.  Read more »

Today, Chairman Rob Bishop (R-UT) sent a letter to Federal Emergency Management Agency (FEMA) Administrator William B. “Brock” Long and Federal Bureau of Investigation (FBI) Director Christopher Wray concerning allegations of mishandling and misappropriation of emergency supplies provided by the federal government for the people of Puerto Rico by local government officials. On October… Read more »

Today, Committee on Natural Resources Chairman Rob Bishop (R-UT) announced a member forum on Wednesday, October 4, 2017 at 3:00 PM to discuss potential legislative actions within the Committee’s judication to reinforce ongoing rescue and recovery efforts in Puerto Rico and the U.S. Virgin Islands. Chairman Bishop issued the following statement regarding the Committee’s upcoming… Read more »

House Committee on Natural Resources Chairman Rob Bishop (R-UT) issued the following statement on Hurricane Maria’s impact on the territories of Puerto Rico and the U.S. Virgin Islands: "The residents of the U.S. Virgin Islands and Puerto Rico have been devastated by Hurricane Maria, a storm that took human lives and left millions without power, water and stable infrastructure. This is… Read more »

House Committee on Natural Resources Chairman Rob Bishop (R-UT) issued the following statement on President Obama’s appointments to the Financial Management and Oversight Board (Oversight Board) established through the Puerto Rico Oversight, Management, and Economic Stability Act (Public Law No. 114-187). “We applaud the President’s swift action on these appointments so that the… Read more »

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… Read more »

Today, the House passed H.R. 5278, the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), with a bipartisan vote of 297-127. “Today the House acted to prevent Puerto Rico's fiscal crisis from escalating to a humanitarian catastrophe. This legislation provides Puerto Rico with tools to impose discipline over its finances, meet its borrowing obligations and build a new… Read more »

The House Committee on Natural Resources today passed H.R. 5278, the Puerto Rico Oversight, Management, and Economic Stability Act, with a bipartisan vote of 29-10.  Chairman Rob Bishop (R-UT) issued the following statement: “Congress has a moral and constitutional responsibility to address the growing crisis in Puerto Rico. The legislation we passed today through Committee provides… Read more »

Today, during the Committee’s markup  on H.R. 5278 (Rep. Sean Duffy), the “Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA),” Chairman Rob Bishop (R-UT) delivered the following statement: As prepared for delivery: “Puerto Rico is in the midst of a financial and economic crisis of historic proportions. “Article IV of the U.S. Constitution states:  “The… Read more »

OP-ED: PROMESA Promises Hope for Puerto Rico and Its Investors By Rep. Rob Bishop & Rep. Sean Duffy Chapter 9 bankruptcy isn’t the only option for Puerto Rico With great power comes great responsibility. Under the U.S. Constitution, Congress is vested with the power to “make all needful rules and regulations respecting” territories of the United States. As millions of our… Read more »