Velazquez on Puerto Rico Oversight Board

Washington, DC – Rep. Nydia M. Velázquez (D-NY) released the following statement regarding the President’s naming of members of the Puerto Rico Oversight Board as required under PROMESA:

“I am pleased the President has moved forward expeditiously with this step. It is my hope and expectation that this panel acts quickly in empowering Puerto Rico to restructure its debt and formulating a plan that puts the island on a sounder financial footing. I anticipate this entity will listen carefully to the views of all stakeholders, while holding paramount the needs of the Puerto Rican people. While tough choices must be made, I am confident we can find positive solutions for the island, while holding harmless Puerto Rico’s pensioners, children, working families and most vulnerable residents.”

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