Press Releases

Washington, DC- Rep. Nydia M. Velázquez (D-NY) has introduced the "Puerto Rico Recovery Accuracy in Disclosures Act," legislation that extends to firms working on Puerto Rico's debt restructuring the same disclosure requirements that apply to companies involved in other bankruptcies. Recent news reports have documented how McKinsey & Company is advising Puerto Rico on the Island's debt restructuring at the same time that it holds bonds issued by Puerto Rico.

Washington, D.C. – Today, two members of the U.S. House of Representatives introduced legislation aimed at ending a predatory commercial lending practice that, according to media reports, has ballooned in recent years. Reps. Nydia M. Velázquez (D-NY) and Dr.

Washington, DC – Rep. Nydia M. Velázquez (D-NY) commented today on protests and campaigns at both Harvard and Yale regarding the institutions' relationships with hedge funds that have invested in Puerto Rico's debt:

Washington, DC – Rep. Nydia M. Velázquez (D-NY) released the following statement honoring Hanukkah:

"As friends, neighbors and entire communities gather in New York City and throughout the world for Hanukkah, I wish nothing but smiles, joy and peace. May this festival of lights bring celebrations rich with cherished rituals and loved ones. Chag Sameach!"

In Wake of Columbia Incident, Lawmakers Seek Info on How Dept. Addresses Hate Acts

Washington, DC – Rep. Nydia M. Velázquez (D-NY) has led Democratic Members of the New York City Congressional delegation in pressing the New York Police Department (NYPD) for answers on how they are combatting what appears to be a recent wave of anti-Semitic acts. The letter comes shortly after a Columbia University professor found swastikas spray-painted in her office.

Washington, DC – Rep. Nydia M. Velázquez (D-NY) released the following statement today regarding protests taking place in San Juan this week to call for action to address gender-based violence on the Island:

Washington, DC – While Congress recently moved to help employee-owned firms utilize the Small Business Administration's (SBA) lending programs, lawmakers are raising red flags that the way the rules are being drafted could create additional barriers. Rep. Nydia M. Velázquez (D-NY), the top Democrat on the House Small Business Committee, and Senator Kirsten Gillibrand (D-NY) have written the Small Business Administration (SBA) expressing concerns over how the agency is implementing the new law.

Say Future Aid Shouldn't be Used for Debt Repayment

Washington, DC – In the wake of President Trump's statement calling for "no more Puerto Rico relief funds," Rep. Raúl M. Grijalva (D-AZ), the top Democrat on the House Natural Resources Committee, Rep. Nydia M. Velázquez (D-NY), Senator Elizabeth Warren (D-MA) and six additional Members of Congress have written the President condemning his comment, saying pulling federal relief aid would have a "catastrophic effect on the Island's already fragile recovery."