Support Grows Over Memorial Day Weekend For PROMESA Passage

Wide Consensus Is Reached That Passage Of The Legislation Would Be Best For Americans In Puerto Rico

Representative Raúl Labrador (R-ID): PROMESA Is A “Conservative Solution.” (“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),” Puerto Rico Report, 5/27/16)

• Legislation Does Not Cost U.S. Taxpayers And Would “Restore Stability And Revive The Economy Of Puerto Rico.” “Congressman Raul Labrador … was quoted by El Nuevo Dia as saying that special interest groups fought against it in hopes of triggering a catastrophe in Puerto Rico which would force a taxpayer bailout of the territory.  H.R. 5278, he said, will ‘restore stability and revive the economy of Puerto Rico’ without any cost to U.S. taxpayers.” (“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),”Puerto Rico Report, 5/27/16)

Representative Charles Rangel (D-NY): “What We Have On The Table Is The Best Chance We Have.”(“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),”Puerto Rico Report, 5/27/16)

• “There Is No Time For Politicking.  Too Many Have Suffered Already, And More Will Suffer If We Fail To Act.” (“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),” Puerto Rico Report, 5/27/16)

Representative Raúl Grijalva (D-AZ) On PROMESA: “When Measured Against The Worsening Crisis In Puerto Rico, This Legislation Is Necessary.” (“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),” Puerto Rico Report, 5/27/16)

• “Calling This Bill A Bailout Is A Lie.” (“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),” Puerto Rico Report, 5/27/16)

Representative Ruben Gallego (D-AZ): “It Was Very Difficult For Me To Not Vote For This Bill In The End Because I Couldn’t Let My Personal Political Ideology Stand In The Way Of Relief For 3.5 Million People.” (Colin Wilhelm, “Puerto Rico Bill Clears Big Hurdle, But Resistance Remains Among Some Lawmakers,” Politico, 5/27/16)

The New York Times: PROMESA “Offers The Island Its Best Chance Of Survival.” (Editorial, “What May Be Puerto Rico’s Best Hope,”The New York Times, 5/31/16)

New York Daily News: Bipartisan PROMESA “Would Create A Long-Term Process For Restoring Fiscal Stability.” (Editorial, “Saving Puerto Rico With A Compromise Debt Plan Is The Only Hope,” New York Daily News, 5/30/16)

Bloomberg Headline: “Puerto Rico Bill Likely to Become Law This Summer: Guggenheim.”(Kasia Klimasinska, “Puerto Rico Bill Likely to Become Law This Summer: Guggenheim,” Bloomberg, 5/27/16)

The Hispanic National Bar Association: “We Cannot Forget That At The Center Of This Crisis Are The Millions Of Families In Puerto Rico.” “We cannot forget that at the center of this crisis are the millions of families in Puerto Rico who are in urgent need of relief.  They deserve our best efforts to give them the tools and resources to strengthen and stabilize their own economy.  We remain hopeful that the House, the Senate, and the President together can craft and pass a bill that accomplishes just that.” (“Competing Reactions To The Puerto Rico Oversight, Management, And Economic Stability Act (PROMESA),” Puerto Rico Report, 5/27/16)

MORE: http://fixpuertorico.org/2016/06/01/support-grows-over-memorial-day-weekend-for-promesa-passage/