Thursday, June 30, 2016

Bravo for Assembly - Statement on Puerto Rico Debt Bill





STATEMENT FROM ASSEMBLY CANDIDATE ISCHIA BRAVO ON THE PASSAGE OF THE PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY ACT (PROMESA)


"I am thrilled that during the 11th hour, Congress finally passed a bi-partisan bill to provide relief to the Puerto Rican government so it can better manage and deal with its $70 billion debt. While the bill is not perfect, and significant hurdles still remain, it will buy time with the hope that with additional oversight and support of the federal government, Puerto Rico will come up with a plan to restructure its debt and establish a more fiscally responsible budget that puts it on firmer financial footing for the future."


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