HCR55: Recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
Recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.
Plain-language summary
This bill is a resolution expressing Congress's view that Puerto Rico's electric power company needs a restructured debt plan that is sustainable, economically sound, and fair to all parties involved. The Puerto Rico Electric Power Authority is the main utility providing electricity to the island. The bill recognizes the company's financial challenges and the need for a solution. It currently sits in the House of Representatives after being introduced by two members of Congress from New York.
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HCR55: Recognizing the need for a sustainable, economically viable, and fair debt rest…