Two House committees will be holding hearings on Puerto Rico’s debt crisis on Feb. 25, according to a press release from Rep. Pedro Pierluisi (D-P.R.). The first hearing, entitled “Puerto Rico’s Debt Crisis and Its Impact on the Bond Markets,” will be held by the House Financial Services Subcommittee on Oversight and Investigations, at 10 a.m. ET. The Subcommittee is chaired by Rep. Sean Duffy (R-Wisc.), who is sponsoring H.R. 4199, the “Puerto Rico Financial Stability and Debt Restructuring Choice Act.” The House Natural Resources Committee will also be holding a hearing at 10 a.m. ET entitled “The U.S. Department of the Treasury’s Analysis of the Situation in Puerto Rico.” The Natural Resources Committee is spearheading the effort to draft a bill on Puerto Rico in the coming weeks. The sole witness at this hearing will be Antonio Weiss, counselor to the U.S. Treasury Secretary, according to the press release. Read more.
For more news and analysis of Puerto Rico's debt crisis, be sure to visit ABI's "Puerto Rico in Distress" webpage.
