Senators to Offer Chapter 9 Bill to Help Puerto Rico
Sharon Edmondson, Washington Legislative Team Member | July 01, 2015
Senators Schumer (D-NY) and Blumenthal (D-Conn) will team up to sponsor a bill that would allow Puerto Rico’s government agencies to file for Chapter 9 bankruptcy protection. The bill would be a companion to HR 870 sponsored by Puerto Rico’s non-voting member of Congress Rep. Pierluisi (D-PR). House Minority Leader Rep. Pelosi (D-CA) will support the bill after the White House urged Congress on June 29 to consider the legislation.