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Senate Finance Committee chair Orrin Hatch on Wednesday demanded Puerto Rico Gov. Alejandro Garcia Padilla provide detailed financial information by March 1 and said he wants to come up with a plan to help the commonwealth by the end of that month.
By Jack CaseyFebruary 10 -
The Securities and Exchange Commission has plans to increase its examination and enforcement staff as President Obama announced in his budget on Tuesday that he wants to double the SECs budget by fiscal year 2021, starting with a $200 million increase to $1.78 billion in 2017.
By Jack CaseyFebruary 9 -
A House committee will hear Treasury's Antonio Weiss discuss an analysis of Puerto Rico on Feb. 25, as lawmakers coalesce around a bill that would give the territory's authorities bankruptcy access in return for creation of a financial stability council.
By Jack CaseyFebruary 8 -
Representatives for Puerto Rico on Friday said the cash-strapped commonwealth plans to pursue its recently proposed debt exchange with creditors holding tax-supported debt even if the territory eventually gets access to bankruptcy or some other type of restructuring process.
By Jack CaseyFebruary 5 -
The Washington Metropolitan Area Transit Authoritys chief financial officer on Thursday contradicted press reports that the authority may have to have discussions with its bondholders to ease its debt.
By Jack CaseyFebruary 4 -
The Supreme Court has set March 22 as the date it will hear oral arguments on an appeal of a lower court ruling that a local Puerto Rico restructuring law is not allowed under federal bankruptcy law.
By Jack CaseyFebruary 4 -
The Securities and Exchange Commissions release of a final round of 14 underwriter settlements under its self-reporting initiative may indicate issuer settlement s are next.
By Jack CaseyFebruary 3 -
The House Natural Resources Committee will very soon begin forming legislation designed to aid Puerto Rico following a hearing one of its panels held on Tuesday on the need for a federal oversight authority in the commonwealth, said committee chair Rob Bishop, R-Utah.
By Jack CaseyFebruary 2 -
House Natural Resources Committee Chair Rob Bishop, R-Utah, said on Monday he believes the House can meet a March 31 deadline to have a responsible legislative package to help Puerto Rico as the commonwealth is negotiating with creditors on a new bond exchange proposal.
By Jack CaseyFebruary 1 -
The Municipal Securities Rulemaking Board will seek public comment on both how dealers should calculate the prevailing market price under its proposal requiring dealer disclosure of markups to retail customers and how it could get more issuers to disclose bank loans.
By Jack CaseyFebruary 1