Home > newsroom > Page
Revised Puerto Rico Legislation Introduced in House


WASHINGTON, D.C., May 18, 2016 -

Tonight, H.R. 5278, the “Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA),” was introduced in the House. Bill sponsor Rep. Sean Duffy (R-WI), Committee on Natural Resources Chairman Rob Bishop (R-UT) and cosponsor Rep. Jim Sensenbrenner (R-WI) issued the following statements:

“Years of disastrous polices have completely wrecked Puerto Rico’s economy. As a result, the island and its millions of American citizens face a humanitarian crisis. That’s why we must allow for a responsible restructuring for Puerto Rico’s debt, and do it without using Wisconsin taxpayer dollars for a bailout,” Rep. Duffy said.

“Tonight we introduced legislation to responsibly address the crisis in Puerto Rico. The revised bill incorporates technical refinements and input from all stakeholders. Any future changes will be done in public committee meetings,” Chairman Bishop stated.

 "Tonight's introduction of PROMESA is the first step toward fixing years of irresponsible budgeting and putting Puerto Rico's economy back on track. It's a smart and fiscally prudent bill that will positively impact millions of hardworking American citizens without wasting taxpayer dollars," Rep. Sensenbrenner said.  

Click here to view the legislative text.

Click here to view a legislative summary.

Contact: Committee Press Office 202-226-9019

Latest News

Bishop Statement on the Appointment of Brian Steed as Director of the Bureau of Land Management

Chairman Rob Bishop (R-UT) issued the following statement in reaction to the appointment of Brian Steed as Acting Director of the Bureau of Land Management (BLM): “Brian Steed has the expertise to hel...... Read more

Financial Controls Over Federal Assistance Dominates Hearing on Hurricane Recovery in U.S. Territories

Today, the Full Committee held an oversight hearing on “The Need for Transparent Financial Accountability in Territories' Disaster Recovery Efforts." The panel reviewed the financial needs of both Pue...... Read more

Committee Passes Bipartisan SECURE American Energy Act

Today, the House Committee on Natural Resources passed H.R. 4239, the “Strengthening the Economy with Critical Untapped Resources to Expand American Energy Act” or “SECURE American Energy Act.” The bi...... Read more

View All News

Calendar

No upcoming scheduled events

View All Events