An additional $31.7 million has been advanced to continue restoring Puerto Rico’s electric system.
Gov. Pedro Pierluisi offered a detailed breakdown of the use that will be given to some $4 billion allocated to the Puerto Rico under the American Rescue Plan Act of 2021. During a news conference — and flanked by Secretary of State Omar Marrero, Treasury Secretary Francisco Parés and Office of Management and Budget Executive […]
Looking to evaluate Puerto Rico’s minimum wage and to promote a possible increase from the current $7.25 hourly rate, Gov. Pedro Pierluisi has convened the Governor’s Advisory Group on the Minimum Wage, which will be chaired Chief of Staff Noelia García and will integrate members of the public and private sectors. “Wage inequality is one […]
Gov. Pedro Pierluisi testified before the US House Committee on Natural Resources and discussed President Biden’s Build Back Better Plan, an infrastructure plan to transform the economy and provide relief to working families. Specifically, the plan will provide assistance to Puerto Rico by supporting a full recovery, a reconstruction of the infrastructure, providing economic development […]
Pedro Pierluisi, the 61-year-old gubernatorial candidate for the New Progressive Party, believes that Puerto Rico should serve as a bridge for the U.S. mainland to gain “better access to the Americas,” according to his economic development proposals posted on his campaign website. Pierluisi strongly believes in: carrying out a realistic and transformative reengineering of how […]
Members of the bipartisan Congressional Task Force on Economic Growth in Puerto Rico announced an extension of the deadline for submissions from stakeholders interested in submitting ideas to identify reforms needed to grow the island’s economy to Oct. 14.
President Obama’s designation of seven members of the Puerto Rico Fiscal Oversight Board, made in consultation with Republican and Democratic leadership in Congress, was met with support on Capitol Hill and beyond.
U.S. House Democratic Leader Nancy Pelosi has appointed Puerto Rico Resident Commissioner Pedro Pierluisi to the “Congressional Task Force on Economic Growth in Puerto Rico,” which was established by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).
The PROMESA Act (H.R. 5278), the bill aimed to address Puerto Rico’s debt crisis, passed in the U.S. House Natural Resources Committee Wednesday with bipartisan support from lawmakers.
The Subcommittee on Indian, Insular and Alaska Native Affairs of the U.S. House Natural Resources Committee will hold a hearing on Jan. 26, to analyze Puerto Rico’s fiscal crisis.
Resident Commissioner Pedro Pierluisi introduced a bill Thursday that would authorize the U.S. Treasury Department to guarantee repayment of principal and interest on bonds to be issued in the future by the island’s bond-issuing public entities, but only if the agency certifies that the commonwealth has “demonstrated meaningful improvement in managing its public finances.”
U.S. Senators Richard Blumenthal (D-Conn.) and Charles E. Schumer (D-N.Y.) announced The Puerto Rico Chapter 9 Uniformity Act, legislation they have co-authored and introduced to address the growing fiscal crisis in Puerto Rico by granting Puerto Rico the authority to allow its municipalities and public utilities to readjust their debts under the supervision of a bankruptcy court.
U.S. Congress is still “weighing the merits” of H.R. 870, known as the Puerto Rico Chapter 9 Uniformity Act, as momentum builds from outside groups for and against the measure that would authorize the island’s government to restructure its fiscal obligations under Chapter 9 of the U.S. bankruptcy code.
Maritime cargo operator Sea Star Line, LLC announced Monday it has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico, which responds to escalating concerns from government and private sector components over the lack of goods in the last few weeks.
Resident Commissioner Pedro Pierluisi re-introduced legislation Tuesday to make hospitals in Puerto Rico eligible to receive bonus payments under Medicare for becoming users of electronic health records, or e-records.
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