I thank you for favorably reporting H.R. 8393 out of this Committee and urge Congress to approve it.

The people of Puerto Rico voted and chose permanent union with the United States through statehood as their path forward.

I will try to be brief, but----

For about 3 years, the spending that happened in Puerto Rico was emergency spending by FEMA.

We are devoting $1.3 billion of CDBG-DR funding for microgrids, distributed energy initiatives in remote communities.

There is an energy transformation law in Puerto Rico, which was approved on a bipartisan basis in 2018.

Nobody should expect that I will allow, if I can help it, for a major disruption of our system just because some people didn't like the P3 process.

I will not support a deal that will bind the people of Puerto Rico with a bad deal for the next 30, 40, 50 years.

I am not going to allow PREPA to end up with a debt burden that is going to end up causing extraordinary increases, unacceptable increases, in the cost of electricity in Puerto Rico.

Having a plan of adjustment confirmed by the Federal court is absolutely essential, because it would stabilize PREPA's finances.

There is oversight on LUMA from so many quarters.