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Puerto Rico should have been treated equally a long time ago.
The opportunity to recover from this crisis, with strong leadership and assistance from the Federal Government, is the end solution we here on this committee are aiming to provide.
This is not charity or a bailout; this is about fundamental justice.
There is ample consensus in Puerto Rico, believe it or not, that we need more private capital in the energy sector.
With strong leadership and smart planning, Puerto Rico can do a much better job harnessing the power of the sun, the wind, and the water.
I introduced legislation to authorize modern tankers built outside the United States but otherwise compliant with the Jones Act to fill this gap.
This legislative package should also provide Puerto Rico with more equitable treatment under key Federal spending programs like Medicaid and Medicare.
It is necessary and appropriate for Congress to enact a legislative package that authorizes Puerto Rico to restructure a reasonable portion of its roughly $70 billion in debt.
PREPA must undertake a smart and serious capital improvement program to modernize its generation, transmission and distribution system.
It is absolutely clear that there must be a larger role for the private sector in developing Puerto Rico's energy system.
I will adamantly oppose any Federal oversight unless Congress provides Puerto Rico with the reasonable tools and the fair treatment we require and deserve.
I believe that Speaker Ryan and his fellow Republican leaders recognize that I am a pragmatic legislator that is open to principled compromise.
I have spoken with Speaker Ryan, House Majority Leader Kevin McCarthy, House Natural Resources Committee Chairman Rob Bishop, and House Judiciary Committee Chairman Bob Goodlatte.
The burden is on the government of Puerto Rico to make the case that this agreement is in the best interests of the American citizens of Puerto Rico.
PREPA must diversify its fuel supply, reducing reliance on petroleum and boosting use of natural gas and renewable energy.
Congress should appropriate money for these programs.
Congress should authorize the Puerto Rico government to offer the credits through its local tax system, with the Federal Government reimbursing the territory government for the lost revenue.