Senate Bill 238 aims to amend the Room Occupancy Tax Act (Act 272-2003). #NewsismyBusiness
Legislative bills include proposal for recycled tire paving and demands answers on the cost of failing to address the climate crisis. #NewsismyBusiness
One of the key issues raised during the discussions was the lack of a structured industrial recycling system in Puerto Rico. #NewsismyBusiness
The Puerto Rico Hotel and Tourism Association agrees with the Senate’s decision, while Airbnb said it represents a setback. #NewsismyBusiness
The Coalition for Energy Cooperation in Puerto Rico, which promotes the cooperative model as an alternative to transform the power system, asked the Senate to stop the fast-tracked process of privatizing the Puerto Rico Electric Power Authority's assets and convene an independent panel of experts to identify the public and private sectors' needs.
The Senate’s Social and Economic Revitalization Committee recently held public hearings on Bill 374 that seeks to amend the Incentives law for the generation and retention of small and medium sized enterprise jobs.
Puerto Rico’s Resident Commissioner in Washington, Pedro Pierluisi, said Tuesday that U.S. House Speaker Paul Ryan could name the lawmaker who will steer the work of the Puerto Rico Congressional Task Force this week.
Lobbying efforts both for and against the approval of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) bill at the Senate gained steam in Washington Thursday, with public- and private-sector representatives making their case with U.S. Senators.
A yet undefined increase on water rates for residential and commercial customers could come as early as mid-July, if lawmakers are unable to move a bill authorizing financing mechanisms for the cash-strapped Puerto Rico Aqueduct and Sewer Authority, agency officials said Wednesday.
Following Sunday’s confirmation that Puerto Rico Treasury Secretary Juan Zaragoza had stepped down from his post at the Government Development Bank’s board of directors, to “avoid a conflict of interest,” a group of bi-partisan lawmakers demanded transparency from the troubled public agency.
In a letter to Senate Republican leader Mitch McConnell, Nevada Senator Harry Reid on Tuesday called on Republicans to work with Democrats to address the deepening debt crisis facing Puerto Rico.
WASHINGTON — The debate over extending Chapter 9 bankruptcy protection to Puerto Rico and the possible creation of a federal fiscal control board to manage the island’s troubled finances took center stage Tuesday at a Senate Judiciary Committee hearing.
Senate Judiciary Committee Chairman Chuck Grassley said Thursday that he will convene a hearing on the Puerto Rico fiscal situation on Dec. 1., in Washington D.C.
The Senate approved Monday Bill 1256, which proposes overhauling energy subsidies and obliges the government to pay its debts to the Puerto Rico Electric Power Authority.
Fitch Ratings announced Thursday it has downgraded the Commonwealth of Puerto Rico's general obligation and related debt ratings to 'B' from 'BB-' and placed them on Rating Watch Negative.
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