CLLA Newswire | From the CLLA Newswire
Share |

Senators to Offer Chapter 9 Bill to Help Puerto Rico

Sharon Edmondson, Washington Legislative Team Member | July 01, 2015

Senators Schumer (D-NY) and Blumenthal (D-Conn) will team up to sponsor a bill that would allow Puerto Rico’s government agencies to file for Chapter 9 bankruptcy protection. The bill would be a companion to HR 870 sponsored by Puerto Rico’s non-voting member of Congress Rep. Pierluisi (D-PR). House Minority Leader Rep. Pelosi (D-CA) will support the bill after the White House urged Congress on June 29 to consider the legislation.

Go back


    Commercial Law League of America

    3005 Tollview Drive
    Rolling Meadows, IL 60008

    Phone: (312) 240-1400
    Fax: (847) 584-3939