Rep. Rob Bishop (R-Utah), chairman of the House Natural Resources Committee, announced a member forum for Wednesday, Oct. 4, at 3 p.m. to discuss potential legislative actions within the committee’s purview to reinforce ongoing rescue and recovery efforts in Puerto Rico and the U.S. Virgin Islands, Caribbean Business reported on Friday.
Puerto Rico in Distress
Video Features
ABI Analysis
The U.S. Trustee Program (USTP) yesterday announced a temporary waiver of the federal statutory requirements for credit counseling and personal financial management education for consumer bankruptcy filers in the District of Puerto Rico and the District of the U.S. Virgin Islands, due to the effects of Hurricanes Irma and Maria, according to a press release. The Bankruptcy Code permits U.S.
After wondering for seven sweltering days who would pay to rebuild their ruined electrical grid, Puerto Ricans got a possible answer from an unexpected source yesterday: investors holding the island power company’s defaulted bonds, the New York Times reported.
Judge Laura Taylor Swain issued an order on yesterday delaying two upcoming hearings that were scheduled for Sept. 27 and Oct. 4, TheStreet.com reported. The first of these was to take place in New York in an adversarial proceeding brought by a bond insurer. The oral arguments that had been scheduled will be moved to Oct. 4 from Sept. 27.
Other Resources
The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.