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

Hozzl · 2024-03-12T19:00:52Z

Explore the details of Senate 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. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/12/2024, 7:00 PM

Summary of Bill SCONRES 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.

Congressional Summary of SCONRES 12

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 forth a PREPA restructuring plan that is economically viable, allows for the rehabilitation of Puerto Rico's electrical system, and does not impose additional increases to electric rates.

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Current Status of Bill SCONRES 12

Bill SCONRES 12 is currently in the status of Bill Introduced since July 12, 2023. Bill SCONRES 12 was introduced during Congress 118 and was introduced to the Senate on July 12, 2023. Bill SCONRES 12's most recent activity was Referred to the Committee on Energy and Natural Resources. (text: CR S2367-2368) as of July 12, 2023

Bipartisan Support of Bill SCONRES 12

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill SCONRES 12

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill SCONRES 12

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.

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