Nick Rahall: “in my capacity as the Ranking Democratic Member of the Resources Committee, I would like to register my strong support…”

“in my capacity as the Ranking Democratic Member of the Resources Committee, I would like to register my strong support of H.R. 3589, to create the office of chief financial officer for the territory of the U.S. Virgin Islands. I commend the gentlelady from the U.S. Virgin Islands, Donna Christensen, for her tireless work in getting this legislation to the floor for our consideration. As has been noted this evening, the financial condition of the Virgin Islands is in trouble. Skyrocketing deficits coupled with inadequate fiscal controls have left the local government struggling to provide basic services to the people of the Virgin Islands. The potential financial insolvency of the territory did not occur overnight. Nevertheless the introduction of this measure, by the distinguished representative of the Virgin Islands, Donna Christensen, was still met with controversy and opposition from many local political leaders. Donna Christensen has made it clear that this legislation is something that she would rather not have done, but the circumstances of her territory have made the choices for her. She is a brave woman for fighting for what she believes is in the best interest of her constituents and for her island and she should be commended. Virgin Islands history will show that this legislation was a turning point in the fundamental approach that the territory handles its financial affairs.”