The CofC called for the creation of a federal task force to cut through and overcome bureaucratic barriers, enforce deadlines, and ensure collaboration among all stakeholders. #NewsismyBusiness
Business people and investors generally feel less confident during election years, bracing for the possibility of policy changes that might affect them negatively. #NewsismyBusiness
PROMESA brought with it the controversial creation of the Financial Oversight and Management Board to lead the financial reorganization process. #NewsismyBusiness
This legislation would amend Section 7652 of the Internal Revenue Code of 1986, making $13.25 per proof gallon the amount covered over by law, among other steps. #NewsismyBusiness
US Sen. Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee, and Roger Wicker (R-Miss.) reintroduced the Territory Economic Development Tax Credit Act (TEDTCA), which would create a tax credit for wages and tangible investments made by US-based businesses in US territories. This bill will support job creation and help strengthen the US […]
The U.S. House Judiciary Committee approved legislation authored by Rep. Nydia M. Velázquez (D-NY) aimed at extending to firms working on Puerto Rico’s debt restructuring the same disclosure requirements that apply to companies involved in other bankruptcies. The bill, H.R. 683, is meant to address instances where companies consulting for Financial Oversight and Management Board for Puerto […]
Puerto Rico Gov. Wanda Vázquez sent a letter to Congressional leadership urging them to include and treat Puerto Rico equal to U.S. mainland jurisdictions in the stimulus package currently being drafted in response to the coronavirus COVID-19 outbreak. The letter outlined several government priorities to be able to continue responding to the global COVID-19 pandemic. In […]
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González introduced the Territories Medicare Prescription Drug Assistance Equality Act, a bipartisan bill to make premium and cost-sharing subsidies available to low-income Medicare Part D beneficiaries who live in Puerto Rico and other U.S. territories. Medicare Part D is a voluntary outpatient prescription drug benefit for people with […]
The Senate agreed today to ask the U.S. Congress to pass a law that grants a partial exemption to Puerto Rico on compliance with Jones Act (cabotage) laws to allow the use of large maritime vessels built outside the United States.
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