The civic record
Read. Follow. Verify.Congressional Hearing on Proposed Changes to PROMESA
Record date · January 1, 2020
Track this bill to get notified when it advances a stage. One tap to stop, anytime.
What This Bill Does
This document is a transcript of a two-part legislative hearing held by the U.S. House Committee on Natural Resources in October 2019. The committee discussed a draft bill aimed at amending the Puerto Rico Oversight, Management, and Economic Stability Act (), which governs the island's fiscal management and debt restructuring.
The hearing records testimony regarding potential changes to the federal law that dictates Puerto Rico's financial oversight, debt restructuring processes, and the authority of the , directly impacting the island's governance and economic recovery path.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Residents of Puerto Rico
Changes to PROMESA impact the island's fiscal management, public services, and debt restructuring processes.
Financial Oversight and Management Board for Puerto Rico
The board's legal authority and operational framework are subject to the proposed amendments discussed in the hearing.
Key Facts
- The House Committee on Natural Resources held two days of hearings (October 22 and October 30, 2019) to discuss a draft bill amending PROMESA.
- The hearing included testimony from Puerto Rican government officials, including the Governor, the Mayor of San Juan, and legislative leaders.
- The Financial Oversight and Management Board for Puerto Rico provided testimony regarding its role and the impact of the proposed amendments.
- Representatives from the University of Puerto Rico, the Puerto Rico Products Association, and various economic policy organizations submitted statements for the record.
Show all 5 facts
- The hearing record includes formal statements from the Governor of Puerto Rico and the President of the Senate of Puerto Rico.
Frequently Asked Questions
What is PROMESA?
What was the purpose of these hearings?
What else do you want to know?
News Coverage
Bias ratings based on AllSides / Media Bias/Fact Check
Follow the record
Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Legislative Review of PROMESA
The hearing indicates a formal congressional effort to revisit and potentially modify the 2016 PROMESA legislation three years after its enactment.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy60Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
Publisher tools