Political Quotes

“Mr. Speaker, I yield 5 minutes to the gentlewoman from Puerto Rico (Miss Gonzalez-Colon). Miss GONZALEZ-COLON. Mr. Speaker, I rise in support of the approval in the House of the Senate amendment to H.R. 1192, the Puerto Rico Recovery Accuracy in Disclosures Act of 2021. I joined Representative Velazquez to promote this bipartisan and commonsense bill to help ensure the restructuring process under PROMESA serves Puerto Rico's interests. Actually, just this week, the plan was approved by the Federal Court, so this is perfect timing to approve this bill today. Though it required some technical corrections, it is satisfying to see this bill has already achieved passage in both Chambers. I wish for my colleague, Congresswoman Velazquez, to be fully recovered in time to see it become law. The intent of this legislation remains the same, and this bill will require any person or firm hired as legal, financial or technical staff or consultants for the Financial Oversight Board in the court cases for the restructuring of Puerto Rico's debt, to submit verified disclosures of all connections with debtors, creditors, or other interested parties in the process, before being compensated. Our intention is not to exclude people with experience in Puerto Rico's financial transactions from being resources in the restructuring process, but it is essential that their connection to any parties interested in those transactions be known.…”