Congressman Serrano Calls for Execution of Audit of Puerto Rico's Debt

At a Forum of Puerto Rico's Ongoing Financial and Humanitarian Crisis convened by the House Natural Resources Committee and the Congressional Hispanic Caucus, Congressman José E. Serrano renewed his call for an audit of Puerto Rico's debt, as stipulated in an amendment he successfully included in the PROMESA Act:

"An amendment I introduced to the PROMESA Act stipulates that the Financial Oversight and Management Board for Puerto Rico could not interfere with any work done by the PR Audit Commission. We've reached a point where it is time to call publicly for an audit of the debt. People need and deserve to know how this debt was incurred, how it accumulated over the decades, and for what purpose it was issued. As long as those questions remain, we will have uncertainty and misgivings about how this situation came about and the process to address it. Today, I am publicly and officially asking for a full audit of the debt so that the people of Puerto Rico understand how Puerto Rico ended up in the current financial crisis. It is the right thing to do," said Congressman Serrano.

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