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I believe these titles are a dramatic improvement over the earlier version of the bill and now more or less strike the appropriate balance between effectiveness in instilling fiscal discipline and respect for the democratic process.
If we cannot get a balanced, bipartisan bill to the President's desk, the consequences for Puerto Rico and the island's creditors are likely to be grave.
This is not going to be a bailout. This is going to be an effort to try and establish something based on precedents that have happened in the past.
This bill protects existing creditor-to-debtor and creditor-to-creditor relationships according to existing law and the Constitution.
This is simply a nonstarter and would pile on top of the problems that have led to Puerto Rico's current financial fiscal woes.
This bill includes reforms that can begin transitioning the island away from elements of cronyism, allow for privatization of an energy sector.
Without the tools to ensure implementation of extensive government and economic reforms, Puerto Rico will continue to be on the cusp of default.
As Chairman and Ranking Member of the Senate Finance Committee, Senator Wyden and I introduce S. 2775, the Technical Corrections Act of 2016, which, if enacted, will make technical and clerical corrections to the PATH Act, the major tax…
So there is a lot at stake if we do not reform it. If we do not do that we could stand to lose it.
If the government is going to assist young people to attend college and to read Shakespeare, I think it should also provide assistance to students of all ages, who want to attend technical school.
I believe this imbalance is not only unfair, it is economically misguided.
We have also seen unprecedented growth in the scope and scale of cyber-attacks aimed at stealing personal information and billions of dollars from taxpayers.
It's a pleasure to welcome everyone to today's hearing, which we've titled 'Cybersecurity and Protecting Taxpayer Information.'
My hope is that we will continue to be able to work on these issues on a bipartisan basis in order to do right by the American people.
I will also continue to press for the development and creation of true economic growth opportunities, like those I referenced earlier.