WASHINGTON, DC – US Senator Bob Menendez (D-NJ) today spoke at a Senate Finance hearing looking into the “Financial and Economic Challenges in Puerto Rico.” Menendez doubled-down on his call urging additional action by the federal government to stabilize the situation and protect the 3.5 million American citizens on the island.

Outlining Puerto Rico’s current predicament, the senator explained how the current crisis is the result of the federal disparities surrounding healthcare, bankruptcy, and tax credits. And as such, the legislative and executive branches must step in and take bold action to help forestall the imminent crash of the Puerto Rican economy.

As Chair of the Senate Democratic Hispanic Task Force and the only Latino Democrat in the Senate, Menendez delivered remarks on the Senate Floor last week setting the tone for his position on addressing the financial crisis in the island. He pushed back on Republicans’ blame game and delineated a series of bold substantive steps the federal government must take.