SCONRES Bill 12 A concurrent resolution recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

Purpose and Summary

Chamber: Senate

Introduced date: 2023-07-12

Bill 118 sconres 12 is a concurrent resolution that acknowledges the importance of implementing a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority (PREPA). The resolution recognizes the challenges faced by PREPA in managing its debt and the impact it has on the people of Puerto Rico. The resolution emphasizes the need for a comprehensive plan that takes into account the financial stability of PREPA, while also ensuring that the burden of debt restructuring is distributed fairly among all stakeholders. It calls for transparency and accountability in the restructuring process, as well as the involvement of all relevant parties in developing a plan that is in the best interest of Puerto Rico and its residents. Overall, Bill 118 sconres 12 highlights the importance of addressing the debt crisis facing PREPA in a way that is sustainable, economically viable, and fair to all involved. It underscores the need for a collaborative and transparent approach to debt restructuring that prioritizes the well-being of the people of Puerto Rico.

Recent Activity

Referred to the Committee on Energy and Natural Resources. (text: CR S2367-2368)

Alternative Names

A concurrent resolution recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

A concurrent resolution recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

Associated Legislation

Recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

Policy Areas

Finance and Financial Sector

Potential Impact

Sponsors and Supporters

Sen. Menendez, Robert [D-NJ]

Cosponsors and Supporters

Sen. Warren, Elizabeth [D-MA]

Committees and Subcommittees

Energy and Natural Resources Committee

Variations and Revisions

Recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

A concurrent resolution recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

3/12/2024, 7:00 PM

This concurrent resolution recognizes the importance of the debt adjustment proceeding for the Puerto Rico Electric Power Authority (PREPA). The concurrent resolution also urges the Financial Oversight and Management Board for Puerto Rico to put f...

Bill 118 sconres 12 is a concurrent resolution that acknowledges the importance of implementing a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority (PREPA). The resolution recognizes the c...
Congress
118

Number
SCONRES - 12

Introduced on
2023-07-12

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/12/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This concurrent resolution recognizes the importance of the debt adjustment proceeding for the Puerto Rico Electric Power Authority (PREPA). The concurrent resolution also urges the Financial Oversight and Management Board for Puerto Rico to put f...

Bill 118 sconres 12 is a concurrent resolution that acknowledges the importance of implementing a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority (PREPA). The resolution recognizes the c...
Alternative Names
Official Title as IntroducedA concurrent resolution recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary5/18/2024

This concurrent resolution recognizes the importance of the debt adjustment proceeding for the Puerto Rico Electric Power Authority (PREPA). The concurrent resolution also urges the Financial Oversight and Management Board for Puerto Rico to put f...


Latest Action7/12/2023
Referred to the Committee on Energy and Natural Resources. (text: CR S2367-2368)