Today, the House Committee on Natural Resources released discussion draft legislation on Puerto Rico’s economic crisis. Chairman Rob Bishop (R-UT) issued the following statement:
“Today, the Committee released draft legislation that provides Puerto Rico with tools to impose discipline over its finances, meet its obligations and restore confidence in its institutions. The… Read more »
Puerto Rico and its top advisers made their case in Washington on Friday for a law that would allow broad restructuring of the island’s multibillion-dollar debt, saying that if Congress did not act soon, major defaults were likely this spring.
The officials also said they knew that any legislative help would come at a stiff price: Puerto Rico would have to submit to a federal control… Read more »
To understand how Puerto Rico’s power authority has piled up $9 billion in debt, one need only visit this bustling city on the northwest coast.
Twenty years ago, it was just another town with dwindling finances. Then, it went on a development spree, thanks to a generous —some might say ill-considered — gift from the Puerto Rico Electric Power Authority.
Today, Aguadilla has 19… Read more »
Today, Chairman Rob Bishop (R-UT) held a conference call to discuss oversight efforts on Puerto Rico and the Committee’s path forward to developing responsible solutions to the island’s economic crisis.
“As long as Puerto Rico and its state-owned entities continue to lose money and run deficits, debt restructuring alone will not help the territory and its people find stability and build… Read more »
Today, the Subcommittee on Energy and Mineral Resources held a hearing on the circumstances leading to the current financial crisis faced by the Puerto Rico Electric Power Authority (PREPA), the state-owned, self-regulated monopoly that operates as Puerto Rico’s public utility.
“Today we took a step forward to uncover the origins of Puerto Rico’s fiscal failures and identifying… Read more »
Yesterday the Senate passed S. 209, the “Indian Tribal Energy Development and Self-Determination Act Amendments of 2015,” a bill similar to H.R. 538, the “Native American Energy Act” that passed the House on October 8, 2015. Chairman Rob Bishop (R-UT) released the following statement:
“I am pleased the Senate has followed suit and acted on legislation to alleviate barriers that… Read more »
Today, House Committee on Natural Resources Chairman Rob Bishop (R-UT) introduced H.R. 3764, the Tribal Recognition Act of 2015 and issued the following statement.
“The tribal recognition process has been a mess for decades. The authority to recognize tribes is one that belongs to Congress, not the executive branch. However, as far back as the Carter Administration, the executive branch… Read more »
A bill approved by the House this week aims to end what one senior Republican calls the Obama administration's "double standard" when it comes to growing pot, an illegal act under federal law, and producing oil and gas from fracking on tribal lands.
"What's bizarre is that for energy production, the administration interprets Indian lands as federal lands, but for pot production, these… Read more »
