I believe that the majority of people of Puerto Rico support the concept of a Federal oversight board.

Chapter 9 does not implement reforms.

Puerto Rico is facing a very serious, unprecedented liquidity crisis.

The one power neither the authority nor Puerto Rico should have, in our view, is access to Chapter 9.

We would urge that this authority be appointed by the President, confirmed by the Senate, and it must be acceptable to Puerto Rico.

We are either going to pass a good bill or no bill at all.

Puerto Rico is a colony of the United States. There is no way around it.

Puerto Rico should have been treated equally a long time ago.

The opportunity to recover from this crisis, with strong leadership and assistance from the Federal Government, is the end solution we here on this committee are aiming to provide.

Equality is the best policy.

This is not charity or a bailout; this is about fundamental justice.