GOVERNMENT OF PUERTO RICO DISCUSSES PROMESA AND RECOVERY FUNDS BEFORE CONGRESS

(October 22, 2019 – Washington, D.C.) – The Government of Puerto Rico, spearheaded by the principal financial official of the Government of Puerto Rico (CFO) Omar J. Marrero and the Secretary of Housing, Fernando Gil Enseñat, will appear today before the U.S. House of Representatives Committee on Natural Resources, and the Subcommittee on Economic Development, Public Buildings and Emergency management of the Transportation and Infrastructure Committee of the United States House of Representatives to offer its positions on the proposed amendments to PROMESA and continue discussions on the recovery of the Island.

In a statement, Marrero said, “Some of the proposed amendments of the Committee would add several layers of bureaucracy that could limit the recovery process and delay efforts for debt restructuring and government transformation”.  

Similarly, Marrero thanked the Committee for its efforts to modify PROMESA into a better law that can effectively meet the needs of Puerto Rico. “We know that Congress and, particularly the members of this Committee appreciate Puerto Rico, and we are pleased to continue our working relationship for a better Puerto Rico”.

Moreover, the Governor’s representative to the Fiscal Oversight Board, Eli Diaz Atienza, explained that “Today we will appear before Congress with a roadmap established by the Governor with the desire that we reiterate our disposition of working as a team and continue opening the channels of communications with the state and federal government as efficiently as possible. Transparency and collaboration will continue to be our north, while we work together for a better Puerto Rico.

Likewise, and simultaneously, the Secretary of Housing, Fernando Gil Enseñat will testify before the and Emergency management of the Transportation and Infrastructure Committee of the United States House of Representatives. The hearing’s focus will be continuing discussions regarding disaster relief funding for Puerto Rico as well as other jurisdictions affected by natural disasters.

The Secretary of Housing will offer details of the efforts directed by the Administration of Governor Wanda Vazquez Garced, the priorities and the progress in relation to the recovery work being done both in the Central office of Recovery, Reconstruction, and Resiliency (COR3) and in the Department of Housing through CDBG-DR funds, as well as the priorities that need continue work.

“These hearings provide a critical opportunity to discuss Puerto Rico issues before congressional leaders, as we continue our work to help the U.S. citizens on the island.” said Jennifer M. Storipan, Executive Director of the Puerto Rico Federal Affairs Administration. “PRFAA continues to work with leadership of the U.S. House of Representatives and U.S. Senate, as well as federal agencies to provide support in the ongoing economic and disaster recovery of Puerto Rico”.

The Governor of Puerto Rico, Wanda Vázquez Garced expressed her desire to continue collaborating with the members of the Committee, so that together they can work for Puerto Rico.

“I am committed to working tirelessly to ensure a better quality of life for the 3.2 million U.S. citizens living on island”, the Governor concluded.

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Published by PRFAA

Official website of the Puerto Rico Federal Affairs Administration - Office of the Governor of Puerto Rico in Washington, D.C.

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