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Congresswoman Nydia Velazquez

Representing the 7th District of New York

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Velázquez on the Board’s Decision to Probe Puerto Rico’s Debt

Velázquez on the Board’s Decision to Probe Puerto Rico’s Debt
August 3, 2017
Press Release

Washington, DC – Today, Rep. Nydia M. Velázquez (D-NY) released the following statement regarding news that the Financial Oversight and Management Board for Puerto Rico will examine the issuance of Puerto Rico’s debt obligations:
 
          “I commend the Board for taking the important step of investigating the disclosure and selling practices on all the underlying transactions of Puerto Rico’s debt.  This is the type of inquiry that I wanted to occur when PROMESA was enacted.  To this end, Puerto Rico deserves a transparent and just restructuring process.”   

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