Velazquez on Appointment to Puerto Rico Congressional Task Force

Washington, DC - Rep. Nydia Velázquez released the following statement after being appointed to the Congressional Task Force on Economic Growth in Puerto Rico, which was established by the recently enacted Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA):

“I want to sincerely thank Leader Pelosi for appointing me to the Task Force. Through its restructuring provisions, PROMESA provides the mechanisms to stabilize Puerto Rico’s economy. However, it did not provide any tools or resources to promote long-term economic growth on the island. That will be the focus of this Task Force and I look forward to working with my colleagues in the House and Senate to build consensus in this area. PROMESA is a start and will help stem Puerto Rico’s crisis, but Congress must do more to promote long term growth on the island. I hope this Task Force provides the momentum to do just that.”

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