If our ship is to weather this storm, Congress must enact legislation that authorizes Puerto Rico to restructure a meaningful portion of its debt in a fair and orderly manner.
Pedro Pierluisi
The Public Record
Federal policy toward Puerto Rico is a national disgrace, contradicting the claim that the United States desires democracy and dignity for all of its citizens.
As a statehood supporter, I aspire for American citizens in Puerto Rico to have the same rights and responsibilities as American citizens in every state.
The passengers on this ship are not only the 3.5 million U.S. citizens that reside in Puerto Rico. They are also individuals and institutions located in Puerto Rico and the states that own bonds issued by the territory and its…
At the minimum, the U.S. Congress has to tell Puerto Rico what is available on the table for a change in status.
A control board that would use austerity to help hedge funds lock in those profits, no matter the human cost, is not the answer.
I vouch for the fact that Chairman Bishop has been working closely with me, and I look forward to continuing to work closely with Chairman Bishop so we come up with adequate bipartisan legislation to deal with this crisis.
At this juncture, I am convinced that Puerto Rico cannot either cut its way out of this crisis or tax its way out of this crisis. The only way out for Puerto Rico is to grow out of this crisis.
Puerto Rico and its creditors are on the same ship. We are going to sail safely to shore together, or we are going to sink together.
The bill cannot fix every disparity Puerto Rico faces, because only statehood can do that.





