News & Press: Newswire

Top House Staffers to Meet on Puerto Rico Bankruptcy Bill

Thursday, April 21, 2016   (0 Comments)
Posted by: Sharon Edmondson
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Top Republican and Democratic House leadership staff met today with policy aides and Treasury Department officials to talk over next steps on the stalled Puerto Rico rescue bill. The Hill meeting between the Obama administration, House Natural Resources Committee and leadership staffers comes just days after a legislative package aimed at saving the Caribbean island from defaulting on its debt imploded because of conservative misgivings. The bill's backers say they're going back to the drawing board to change the legislation to garner more support. Republicans were concerned with the language of the bill looking like a bailout.

Members of the Congressional Hispanic Caucus also plan to ask House Speaker Ryan about the matter at a sit-down they previously had scheduled, in the hopes that Ryan will move quickly.

Democrats have objected to provisions in the rescue package that would lower the minimum wage, give Puerto Rico certain federal lands on the island, and install a control board that could supersede decisions made by Puerto Rican officials.


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