José E. Serrano: “This amendment offered by Ms. Velazquez and myself would help clarify that this legislation would not impact the work…”

“This amendment offered by Ms. Velazquez and myself would help clarify that this legislation would not impact the work being done by the Puerto Rico Commission for the Comprehensive Audit of the Public Credit. This entity, set up by Puerto Rico's Government, is in the process of examining the massive debt that has been accrued by the territory. In a preliminary report, the commission recently found that a small portion of the debt may have been illegally issued by the government of Puerto Rico, and they need to further examine the issue and its implications. This amendment simply preserves the ability of this commission to continue their work and for either the government or the oversight board to review and consider any findings that the commission might have. The work being done by the commission could significantly assist both the oversight board and the Puerto Rican Government as the island tries to get back on its feet. I reserve the balance of my time.”