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Washington D.C.— Today, Representative Nydia Velázquez (D-NY) and Senator Bob Menendez (D-NJ) introduced a bicameral resolution calling for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority (PREPA).
Between 1974 and 2016, PREPA made numerous bond issuances, resulting in over $8 billion in current outstanding bond debt, the most debt of any Puerto Rican public entity.
Washington, D.C.— Today, Rep. Nydia M. Velázquez (D-NY) reintroduced the Public School Green Rooftop Program Act which would allocate federal resources towards implementing green roofs at public elementary and secondary schools. These roofs offer a sustainable, energy-efficient way of bringing green space to urban areas and have myriad educational benefits for students and the community at large.
Washington, D.C. –Today, Rep. Nydia M. Velázquez, the Ranking Member of the House Small Business Committee, and Senator Robert Menendez (D-NJ) introduced the bicameral Small Business Financing Disclosure Act. The bill aims to protect small business borrowers from predatory lenders and small business financing options carrying unfair terms and conditions and would ensure safeguards already required in consumer lending, through the Truth in Lending Act.
Washington D.C.— Today, Reps. Nydia M. Velázquez (D-NY) and Alexandria Ocasio-Cortez (D-NY) sent a bicameral letter signed by Senators Bernie Sanders (D-VT) and Elizabeth Warren (D-MA) to the Federal Emergency Management Agency (FEMA) calling on the agency to redirect disaster recovery funds to invest in renewable energy technologies in Puerto Rico.
Washington D.C.— Today, Rep. Nydia M. Velázquez (D-NY) released the following statement regarding New York City’s decision to house asylum seekers in public school gymnasiums:
Velázquez Introduces Bill to Help Make Federal Funding More Accessible for Puerto Rico
Washington, DC – Today, Rep. Nydia M. Velázquez (D-NY) and Rep. Jamaal Bowman, Ed.D (D-NY) reintroduced the Healthy Future Students and Earth Pilot Program Act. This bill would create a voluntary grant program for school districts to help schools provide healthier, climate friendly, and culturally appropriate plant-based entrée options to students.
Washington D.C.— Today, Rep. Nydia M. Velázquez (D-NY) led twenty-three Members of Congress in sending a letter to United States Department of Agriculture (USDA) Secretary Tom Vilsack urging the agency to work with schools to facilitate plant-forward menus featuring nutritious, climate-friendly, and culturally appropriate options.
Washington, DC – Today, Rep. Nydia M. Velázquez (D-NY) and Rep. Warren Davidson (R-OH) introduced the Clarifying Law Around Insurance Marijuana, or CLAIM Act, which would prevent federal criminal prosecution of insurers and end civil liability for brokers, agents, and insurers that deal with companies in the cannabis sector.
Washington, D.C.— Today, Congresswoman Nydia M. Velázquez (D-NY) and Senator Chris Van Hollen (D-MD) urged the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Securities and Exchange Commission (SEC), Federal Housing Finance Agency (FHFA), and National Credit Union Administration (NCUA) to finalize Section 956 of the Dodd-Frank Act, which governs executive incentive-based compensation arrangements, before the end of the year.