On the recordMarch 14, 2016
I rise to be a voice for the 3.5 million American citizens living in Puerto Rico, the 200,000 Puerto Ricans who have served in our Armed Forces in every conflict since World War I, and the 20,000 who currently wear the uniform and put their lives on the line for our country. I rise to introduce a comprehensive stability and recovery package that restores fairness, ensures accountability, and gives Puerto Rico the tools it needs to dig itself out of this hole. And I rise to implore this Congress to act before it is too late. Let me thank Senators Schumer, Brown, Warren, Cantwell, Blumenthal, and Booker for supporting these efforts and working so hard on behalf of the people of Puerto Rico. I also want to thank Congressman Pierluisi, who coauthored the tax sections of this bill along with parts of the healthcare titles. Finally, I want to thank Governor Padilla for his incredible leadership on the island and for strongly endorsing our legislation. The people of Puerto Rico are fortunate to have a Governor who cares deeply about their lives and is so dedicated to putting them first and above politics. Let me put it this bluntly: Puerto Rico is on the brink of default and staring into the abyss. For the better part of the past year, the government has been compelled to take drastic and unprecedented actions just to avoid a total default of the central government.…
Source
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