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GAO says Congress should consider giving SEC penalty authority over issuers, stripping Puerto Rico's triple-tax exemption,and expanding investor protection.
May 9 -
Puerto Rico would have to have a vibrant economy and a stable government that is fiscally sound, said Rep. Rob Bishop.
May 4 -
Matosantos' ownership of renewable energy businesses on the island is said to conflict with responsibility overseeing PREPA.
April 11 -
The vote came as Gov. Rossello said his fiscal plan will not accede to board demands.
April 4 -
Rosselló says that Rep. Rob Bishop is placing the needs of the bondholders over those of Puerto Rico residents.
April 3 -
Natural Resources Committee Chairman Rob Bishop complained that "intentional misinterpretations" of the "PROMESA" law may mean U.S. promises to Puerto Rico will take "decades" to fulfill.
March 29 -
A deal in August would have allowed debt holders to get up to 75% of par value.
March 27 -
The latest proposed fiscal plan may allow up to 29.4% of debt to be paid through fiscal year 2023.
March 26 -
The credit unions say that Puerto Rico used fraud and pressure to get them to buy the government bonds.
March 23 -
Officials said forgiveness of the Community Disaaster Loan could be considered at a later point.
March 22