ABSTRACT

Examining Challenges in Puerto Rico's Recovery and the Role of the Financial Oversight and Management Board, Oversight Hearing Before the Committee on Natural Resources, U.S. House of Representatives, One Hundred Fifteenth Congress, First Session, November 7, 2017   [open pdf - 467KB]

This is the November 7, 2017 oversight hearing on "Examining Challenges in Puerto Rico's Recovery and the Role of the Financial Oversight and Management Board" held before the Committee on Natural Resources. From the opening statement of Rob Bishop: "There is still a humanitarian crisis going on in Puerto Rico and the Virgin Islands, but today we are going to concentrate on Puerto Rico. The hurricanes may have gone, but now mudslides are threatening people. So, this is not over yet, and there is much work that still has to be done. Today, the Committee is going to examine the challenges to recovery in Puerto Rico and the role of the Financial Oversight and Management Board. The two hurricanes that hit may have been historic, but they ex-posed a state of affairs in Puerto Rico that existed well before any of the hurricanes made landfall. Decades of mismanagement led to a paralyzing debt burden. Last year, Congress stepped forward with a bipartisan PROMESA bill that was signed into law to try to rectify this particular problem. The Board has, so far, been focused on governance reform. But now, with this hurricane, there is also other work that the Board must be doing, and the Board's work has become even more complicated as we move forward." Statements, Letters, and materials submitted for the record include those of the following: Natalie Jaresko, Angel Perez, and Noel Zamot.

Report Number:
Serial No. 115-27
Publisher:
Date:
2018
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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