OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Puerto Rico Bill Heads to President's Desk

Statement

By: Paul Ryan
By: Paul Ryan
Date: June 29, 2016
Location: Washington, DC
Issues: Economy and Fiscal Government Budget and Spending

House Speaker Paul Ryan (R-WI) released the following statement after the Senate passed the bipartisan Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA):

"I am pleased that the Senate has passed PROMESA, the result of months of work by the House. This bipartisan legislation addresses the fiscal crisis in Puerto Rico while protecting American taxpayers from a bailout of the territory. The legislation creates an oversight board that will institute the necessary reforms so Puerto Rico can begin to turn its economy around and get on a path to fiscal health. Congress has fulfilled our constitutional obligation and I urge President Obama to sign PROMESA immediately."


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