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Bishop: Fiscal and Energy Solutions for Puerto Rico Needed for Long-Term Solvency and Growth

WASHINGTON, D.C., February 1, 2016 -

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 for growth,” Bishop said during the call.

“Nobody should get a free pass when analyzing solutions. There are no sacred cows. […] This demands a thoughtful package of reforms that will help Puerto Rico achieve long overdue structural reform and long-term solvency. This includes solutions not only in the financial space but also bringing tools to bear to help serve the people of Puerto Rico with more efficient, reliable and affordable energy.”

Click here to listen to the audio recording from the call.

On Tuesday February 2, 2016 the Subcommittee on Indian, Insular and Alaska Native Affairs will hold a hearing titled, The Need for the Establishment of a Puerto Rico Financial Stability and Economic Growth Authority.”

On January 12, 2016 the Subcommittee on Energy and Mineral Resources held a hearing titled, "Exploring Energy Challenges and Opportunities Facing Puerto Rico."

Contact: Committee Press Office 202-226-9019

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