On the recordJune 23, 2015
Congress has authorized each state government to permit its insolvent municipalities to adjust their debts under Chapter 9 of the Bankruptcy Code, but has not authorized Puerto Rico to do so.
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congress.govPedro Pierluisi: “Congress has authorized each state government to permit its insolvent municipalities to adjust their debts under Chapter…”
Editor's note · Context
Pierluisi criticizes Congress for not allowing Puerto Rico similar debt management options.
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More from Pedro Pierluisi
Nov 20, 2022
I want to thank you for holding the 'Puerto Rico's Post-Disaster Reconstruction & Power Grid Development' hearing last week.
Nov 16, 2022
The storm impacted many parts of the electrical grid and generation facilities island-wide.
Nov 16, 2022
Exactly. That is why we are calling for Congress to authorize FEMA to adjust those fixed cost estimates due to the increase in the cost of construction materials and supply chain disruption.
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