House Passes Bill to Help Puerto Rico Handle its $118 Billion in Debt

U.S. Representative Richard Hanna last night voted in favor of a bill to prevent a taxpayer bailout for Puerto Rico. The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is the House’s bipartisan legislation that addresses the fiscal crisis in Puerto Rico and prevents a taxpayer bailout for the island. Because Puerto Rico is … Continue reading House Passes Bill to Help Puerto Rico Handle its $118 Billion in Debt