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Boyle Statement on Treasury Department’s Plan Puerto Rico

October 23, 2015
Press Release

Washington, D.C. - Today, Congressman Brendan Boyle (D-PA-13) issued the following statement about the Treasury Department’s plan for Puerto Rico:

“I applaud President Obama and his administration’s proposed package of legislative measures addressing the fiscal and public debt challenges faced by Puerto Rico. It is extremely important that we stand with Puerto Rico in restructuring its unsustainable debt burden. We also need to help them grow their economy so that Puerto Ricans can focus on the essential work of investing in a brighter economic future. The inequitable treatment by the federal government has constrained Puerto Rico’s ability to restructure its debt through an orderly court-supervised process. It is essential that Congress grants the government of Puerto Rico the legal authority to restructure the territory’s public debt.” 

“Congress must recognize the right of self-determination for Puerto Rico and realize that we must continue to work together for their opportunity and prosperity in the coming years. I look forward to working with my colleagues to advance these measures on a bipartisan basis. The people of Puerto Rico deserve healthcare justice and the ability to expand opportunity for the 3.5 million Americans that live on the island.”