Larson on Bipartisan Agreement to Address Puerto Rico's Debt Crisis
Hartford, CT - Today Rep. John B. Larson released the following statement on the bipartisan compromise to address Puerto Rico's ongoing economic crisis:
"As I have been saying for months, Congress has a responsibility to assist the millions of Americans in Puerto Rico as the island continues to wrestle with the burden of its crushing debt crisis. I am encouraged by the agreement negotiated between the White House and House Republican leadership to allow Puerto Rico to restructure its debt.
"This is not a perfect bill, and I have reservations about the inclusion of extraneous provisions like delaying overtime protections for Puerto Rico's workers. At the same time, we cannot allow the perfect to become the enemy of the good. This is a tough but necessary compromise at a time when Puerto Rico truly needs our help. I hope it will move swiftly through Congress before this crisis worsens further."
Larson has repeatedly called on Congress to stand up for the 3.5 million Americans living in Puerto Rico. On March 8, after meeting with local community leaders, he led a Connecticut House delegation letter to Speaker Ryan, urging him to take action prior to Puerto Rico defaulting on any further obligations. On April 20th, after House Republicans again delayed consideration of legislation to provide relief for Puerto Rico, Larson again called on Republican leadership to come to the table and work bipartisanly towards a solution.