PRESS STATEMENT

NCLR: Puerto Rico Bill Is an Important Step Forward in Ending Fiscal, Humanitarian Crisis

May 19, 2016

Contact:
Julian Teixeira
jteixeira@nclr.org
(202) 776-1812

WASHINGTON, D.C.—Yesterday evening, a new version of “PROMESA,” a bill that could provide a path for Puerto Rico out of its current fiscal and humanitarian crisis, was introduced in the U.S. House of Representatives. This newly introduced legislation is an important step forward and NCLR (National Council of La Raza) thanks the leadership of Speaker Paul Ryan (R–WI), Rep. Rob Bishop (R–UT), Rep. Raúl Grijalva (D–AZ), Puerto Rican members of the Congressional Hispanic Caucus, and the administration for this compromise measure that we hope will enable workable debt restructuring tools to help the island achieve an orderly and sustainable economic recovery.

“We are cautiously encouraged by developments in the House of Representatives to provide relief to Puerto Rico’s financial and humanitarian crisis. Having been in San Juan today and seeing what is needed, and possible, it would have been unconscionable for our elected leaders to continue to stand by while 3.5 million American families and children suffer the consequences of a debt crisis that was not of their own making,” said Janet Murguía, NCLR President and CEO.

“I would note, though, that this bill is far from perfect and much more work needs to be done. As such, we will monitor the bill’s progress very closely as it moves through the legislative process and beyond to implementation,” concluded Murguía.

NCLR—the largest national Hispanic civil rights and advocacy organization in the United States—works to improve opportunities for Hispanic Americans. For more information on NCLR, please visit www.nclr.org or follow along on Facebook and Twitter.