Grijalva to Propose Changes to Puerto Rico Promesa Law
- Natural Resources chair to suggest fiscal board funded by feds
- Protections to be added for education, health care, pensions
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The chairman of the House Natural Resources Committee said he’ll propose substantial changes to a federal law that’s being used to guide restructuring of Puerto Rico’s debt.
Speaking in San Juan on Sunday at the end of a visit to the island, Democratic Representative Raul Grijalva of Arizona said that at a committee hearing in October, he’ll present a draft proposal regarding the 2016 law, known as Promesa, which created a financial oversight board that exercises considerable control over the commonwealth’s finances.