Post by Logan on Jun 10, 2016 5:24:23 GMT -6
The U.S. House passed a bill to create a board to oversee Puerto Rico’s debt restructuring, but it will head to the Senate for a vote without anything tying it to the Virgin Islands or other territories.
V.I. Delegate to Congress Stacey Plaskett said the amendment that was withdrawn previously in the House Natural Resources Committee was reintroduced in the Rules Committee and subsequently passed the House and is headed to the Senate.
“The Senate will pass this and Puerto Rico will get a stay while an oversight board is created,” Plaskett told The Daily News on Thursday night.
The Puerto Rico Oversight, Management and Economic Stability Act — or PROMESA, which is Spanish for promise — passed 297-127, which Plaskett characterized as a strong bipartisan vote.
Read more: www.virginislandsdailynews.com/news/v-i-removed-from-p-r-debt-restructuring-bill/article_150092b7-c428-5d97-8431-4d63f7e209d6.html
V.I. Delegate to Congress Stacey Plaskett said the amendment that was withdrawn previously in the House Natural Resources Committee was reintroduced in the Rules Committee and subsequently passed the House and is headed to the Senate.
“The Senate will pass this and Puerto Rico will get a stay while an oversight board is created,” Plaskett told The Daily News on Thursday night.
The Puerto Rico Oversight, Management and Economic Stability Act — or PROMESA, which is Spanish for promise — passed 297-127, which Plaskett characterized as a strong bipartisan vote.
Read more: www.virginislandsdailynews.com/news/v-i-removed-from-p-r-debt-restructuring-bill/article_150092b7-c428-5d97-8431-4d63f7e209d6.html