The Puerto Rico Senate approved Senate Bill 1263 that would establish the “Sales and Use tax-free zones in the capital city of San Juan,” authored by Sen. Miguel Romero. The measure seeks to authorize the ...
The proposal is consistent with the Puerto Rico Electric Power Authority’s fiscal plan, which reduces the fossil fuel budget by $400 million to $500 million per year to bring the utility out of bankruptcy.
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.