U.S. lawmaker fights to extend SBA loans for María, Irma, Harvey survivors
September 19, 2018
Velázquez has introduced the “Access to Sufficient Capital for Everyone in Natural Disaster Areas Act of 2018,” (ASCEND Act) a bill that would extend SBA disaster loan applications for an additional year.
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Bill submitted to ensure gov’t does not divert 9-1-1 Emergency funding
August 24, 2018
A bill was recently submitted to the Puerto Rico Senate to ensure that funds received by the commonwealth’s 9-1-1 Emergency System are not diverted for other purposes, in accordance with federal regulations.
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CPAs support tax reform bill for introducing ‘significant changes’
May 18, 2018
Puerto Rico’s School of Certified Public Accountants expressed its support of House Bill 1544, which proposes a new Tax Code for the island, saying it introduces “a number of significant changes in the rate of income tax for both individuals and corporations.”
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Senator files bill to develop P.R.’s ‘sharing economy’ sector
February 28, 2018
In response to the growing trend of businesses under the “sharing economy” model, Sen. Zoé Laboy-Alvarado, presented Senate Bill 840 to ensure the design and implementation of public policy that promotes the sector’s growth on the island.
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Velázquez secures bill to assist PR Education Dept.
August 21, 2017
Through the annual appropriations process, Rep. Nydia M. Velázquez (D-NY) has secured language directing the Department of Education, to work closely with Puerto Rico to identify and address technical assistance needs, her office announced.
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Science Trust backs changes to bill addressing its future
August 1, 2017
The Puerto Rico Science and Technology and Research Trust on Monday expressed its support of the amendments agreed to related to House Bill 1122, saying they include the input of the entity’s trustees and support its mission.
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Op-Ed: Science Trust can help alleviate PR’s crisis
June 29, 2017
In the midst of Puerto Rico’s most severe social, political, and economic crisis in its modern history, a public institution shines brightly to help develop the economy by advancing science and technology.
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Bill shifting taxis, UBER oversight to PSC almost ready
June 19, 2017
House Bill 1084, which seeks to transfer and centralize authorization, supervision and regulation of public transportation, including taxis and UBER drivers, to the Public Service Commission should be approved this week, House Government Committee Chair Rep. Jorge Navarro said.
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Bill studies plan to collect old State Insurance Fund debt
June 8, 2017
The House Labor Affairs Commission on Wednesday held a hearing on Bill 1096, which seeks to establish an incentive plan to benefit employers insured or uninsured with the State Insurance Fund (SIF), and shore up some $20 million for the public agency.
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Private sector balks at proposed municipal patent hike
May 11, 2017
The Private Sector Coalition, which brings together more than 30 organizations from various sectors of the island, called on the Legislature Wednesday to halt the course of House Bill 971 and warned of the negative effects it would have on the local economy.
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U.S. House votes to close investor protection loophole
May 2, 2017
The U.S. House of Representatives voted Monday to close a decades-old loophole that has exempted financial institutions operating in Puerto Rico and the territories from the same investor protections that apply on the mainland.
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Treasury backs bill to increase online sales tax uptake
March 28, 2017
The Puerto Rico Treasury Department favored Monday a bill that would give it the tools to Sales and Use Tax on sales of taxable products in Puerto Rico sold online by businesses without physical presence on the island.
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Congress moves bill protecting investors in P.R.
March 10, 2017
U.S. Congressional Committees moved Thursday to close a decades-old loophole that critics say has caused significant financial losses for many Puerto Rican investors and retirees.
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Help for delinquent mortgagors headed to Gov.’s desk
June 28, 2016
Mortgage holders behind in their payments just got some help from the Puerto Rico Legislature though the bill still needs Gov. Alejandro García-Padilla's signature.
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Economists: Several aspects of PROMESA illegal, harmful
June 27, 2016
Members of the Puerto Rico Economists Association believe there are several aspects of the Puerto Rico Oversight, Management, and Economic Stability Act that are unconstitutional, saying the disruption they could bring to the island are “incalculable.”
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