The U.S. House and Senate reached an agreement Wednesday on a federal disaster relief aid package for Puerto Rico and the U.S. Virgin Islands of $6.8 billion, government officials announced.
Residential solar service provider Sunnova Energy Corporation has called on members of U.S. Congress to aid in power restoration efforts for the people of Puerto Rico, where 45 percent of residents still lack electricity more than three months after Hurricanes Irma and María made landfall.
The new year that began yesterday is already characterized by a high level of uncertainty, largely due to the changes that have occurred and will occur in Puerto Rico’s environment.
Gov. Ricardo Rosselló met with the Democratic Hispanic Caucus in Congress to discuss the effects that the federal tax reform will have on the island and the need for Puerto Rico to receive equal treatment in the supplementary relief bill, after the disaster caused by Hurricane María.
Gov. Andrew M. Cuomo, Gov. Ricardo Rosselló and members of the New York Congressional delegation called on the federal government to immediately approve a $94.4 billion federal aid package to “rebuild a stronger, more resilient Puerto Rico.”
Two months after the strongest storm in 80 years hit Puerto Rico, life is anything but normal for 3.4 million American citizens.
With ongoing negotiations over tax reform, Members of the Congressional Hispanic Caucus Puerto Rico Taskforce sent a letter to Republican leaders in Congress urging the inclusion of tax provisions that will help rebuild Puerto Rico.
Puerto Rico Gov. Ricardo Rosselló urged Congress to consider Puerto Rico in the federal tax reform and to include the island in the Supplemental Disaster Relief Package that will attend the different natural disasters registered in the nation to ensure equal treatment for American citizens residing on the island.
The draft bill of the U.S. tax reform being considered in Congress has the potential to “catastrophically impact” the island’s economy, jeopardizing more than 70,000 well- paid jobs and more than 35 percent of the Commonwealth’s budget, Puerto Rico Manufacturers Association President Rodrigo Masses warned Monday.
Puerto Rico has received more than $626.7 million in funding from the U.S. government in the past month to manage the emergency brought on by back-to-back storms Hurricane Irma and María, Resident Commissioner Jenniffer González said.
The U.S. House of Representatives approved Thursday the Supplemental Appropriations Bill Disaster, HR 2266, which allocates $35 billion for emergencies and benefits Puerto Rico in the recovery phase following the landfall of two hurricanes in less than two weeks.
The government of Puerto Rico will go broke by Oct. 31 unless the U.S. Department of Treasury approves an injection of between $4 billion and $6 billion that the local Treasury Department has requested.
Rep. Nydia M. Velázquez (D-NY) led members of Congress in writing the U.S. Department of Homeland Security calling for tangible steps to accelerate Puerto Rico’s recovery from Hurricane María.
Four members of U.S. Congress representing both political parties sent a letter to chairman of the Financial Oversight and Management Board for Puerto Rico, requesting details of the Board’s energy reform plan for the island following the devastation of Hurricane Irma.
Gov. Ricardo Rosselló announced the creation of the third and final sub-working group as part of the Front for Puerto Rico to address the federal tax reform and how these changes may affect the Island, La Fortaleza announced.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA