Bill Would Give Territories Option to Terminate Debt if They Meet Stringent Eligibility Criteria and Provide Protection for Certain Puerto Rican and Mainland Creditors Whose Debt is Terminated
Since Hurricanes Irma and Maria ripped through
"Our fellow citizens in
"
"
"
"When disaster hits anywhere in America, our government has a basic responsibility to help rebuild our devastated communities," said
"After Maria,
Millions of
The
1. Title I-Territorial Relief: Territories are given the option to terminate their public, unsecured debt if they meet two of these three criteria: (1) population decrease of 5% over 10 years; (2) received major federal disaster assistance; and (3) per capita debt exceeds
2.
3.
In
The legislation is endorsed by
"Over the past several years,
"The
"In my opinion, the
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Read this original document at: https://www.gillibrand.senate.gov/news/press/release/gillibrand-and-five-senate-colleagues-announce-new-legislation-to-provide-debt-relief-for-puerto-rico-and-us-territories
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