This is not Chapter 9. I have a Chapter 9 bill. Mr. Duffy had a Chapter 9 bill. This is not super Chapter 9.

Thank you, Chairman. Mr. Weiss, I would like you to expand, elaborate on your concerns with the collective action clause.

The bill defers to the government of Puerto Rico in the right way because it allows the Governor to elaborate the plan and submit it to the board.

Let's work this bill. Let's get it done.

My constituents and I will accept this oversight, provided--let me say again--provided we also get a meaningful debt-restructuring mechanism.

I respect those on both sides of the aisle who are looking at the bill holistically and working hard to get to a 'yes.'

We need to stabilize the government so that Puerto Rico grows.

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.

Otherwise, this is not going to happen. Puerto Rico is going to continue deteriorating, people are going to continue migrating to the states, and it is going to be an embarrassment not only for Puerto Rico, but for the United States at…

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.

You have been a gentleman, tough when you need to be, but always open and fair.