The Puerto Rico Stability & Recovery Package
For the 3.5 million American citizens living on the island of Puerto Rico, time is running short. Congress has to act immediately to fix the federal funding shortfalls and give Puerto Rico the tools it needs to fully restructure its debt.That’s why I’m introducing a legislative package that provides critical healthcare funding, individual tax incentives to encourage work in the formal economy, and a mechanism for territory-wide restructuring of the island’s debts. I look forward to working with my colleagues on both sides of the aisle so we may prevent this fiscal crisis from devolving into a full blown humanitarian calamity.
- Senator Bob Menendez