Chairman Bishop Reiterates Opposition to Puerto Rico Bailout
WASHINGTON – Rep. Rob Bishop (UT-01) is the chairman of the House Committee on Natural Resources, and has released discussion draft legislation on Puerto Rico’s economic crisis. Recently a Virginia-based special interest group has been airing radio ads making claims against the Chairman. Rep. Bishop offered the following statement:
“The claims in the ads are false. The purpose of the bill is to create a board to help fix the financial house in Puerto Rico without harming taxpayers. There will be no bailout, no bankruptcy, no super chapter 9! These issues were eliminated before we started working on a draft, therefore any reference to them now is a scare tactic. The House will never vote on a bill that sends taxpayer money to Puerto Rico to cover its debts. Puerto Rico is not a state and any program dealing with it, or any territory, will not impact, nor set precedents for, states or municipalities. At the end of the day, we will have a good bill that helps Puerto Rico and protects all taxpayers.”
NOTE: The House Committee on Natural Resources has legislative jurisdiction over all matters regarding insular areas of the United States. This includes legislation relating to the Commonwealth of Puerto Rico.
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