OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

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

Statement

Date: Feb. 1, 2016
Location: Washington, DC
Issues: Foreign Affairs Energy Environment

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."


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