Thank you, Secretary, for being here, for your time.
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I look forward to addressing those issues in the next panel.
I am inviting you to come to Puerto Rico and help us there.
One thing. The Governor just said here that he was willing to sit and negotiate with good faith terms with all the stakeholders here.
The deal says there will be an increase to pay the debt and to pay the service.
I would like to address the question to Mr. Bergonzi and Mr. Bryngelson.
Are you willing to sit with the new administration--remember, there is a new administration in place.
I have never expected to be presiding on this hearing, and be interviewing and making questions to my governor. It is quite an honor to be here to do that.
The most basic right in a democracy--the right to vote and to equal representation, and treats hundreds of thousands of Puerto Rican veterans as equal in war but not in peace.
As Puerto Rico's sole representative in this Congress, I want to thank you, Chairman Bishop and Chairman LaMalfa, Ranking Member Torres, and fellow members of this Committee for holding this hearing.
We need to stabilize the government so that Puerto Rico grows.
Puerto Rico is getting about $1.2 billion a year from the Federal Government to take care of the medically indigent in Puerto Rico, American citizens.
Part of this overspending is definitely the result of mismanagement. I admit it. And it is embarrassing.
We think that the key point here is that there is a good control board in place and that it respects the rule of law.
If we could change anything, we would actually give greater deference to the judicial system in Puerto Rico.
This is not Chapter 9. I have a Chapter 9 bill. Mr. Duffy had a Chapter 9 bill. This is not super Chapter 9.
If these principles are respected in the drafting, we believe we can work with the committee to get there.
Thank you, Chairman. Mr. Weiss, I would like you to expand, elaborate on your concerns with the collective action clause.