Hoyer, Soto, Bipartisan Members Request Funds Disbursement to Rebuild Electrical Grid in Puerto Rico, U.S. Virgin Islands - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 28, 2019 Newswires
Share
Share
Post
Email

Hoyer, Soto, Bipartisan Members Request Funds Disbursement to Rebuild Electrical Grid in Puerto Rico, U.S. Virgin Islands

Targeted News Service (Press Releases)

WASHINGTON, June 27 -- House Majority Leader Steny Hoyer, D-Maryland, issued the following news release:

Today, House Majority Leader Steny H. Hoyer (MD) joined a letter led by U.S. Congressman Darren Soto (FL-09) to the Trump Administration requesting the disbursement of funds, which were already appropriated, to improve and build a more resilient electric grid in Puerto Rico and the U.S. Virgin Islands. The letter, which is a bipartisan and bicameral letter, was signed by 47 Members of Congress.

After more than two years since Hurricane Maria devastated the electric infrastructure in Puerto Rico and the U.S. Virgin Islands, and over a year after Congress passed the Budget Act of 2018, the U.S. Department of Housing and Urban Development has failed to disburse the already appropriated $2 billion Community Development Block Grant Disaster Recovery funds meant to enhance the electrical power systems in damaged areas.

"We urge the immediate publication of the Federal Register Notice detailing the administrative requirements for the disbursement of the $2 billion in CDBG-DR HUD funding," stated Members in the letter. "We must strive to enable the prosperity of our fellow citizens in Puerto Rico and the U.S. Virgin Islands by providing renewable, affordable, resilient, and reliable power."

"It is unconscionable that the Trump Administration is ignoring the plight of our fellow American citizens in Puerto Rico and the U.S. Virgin Islands and delaying the release of funds Congress appropriated over a year ago after devastating hurricanes that wrought havoc on the islands' power grid," Leader Hoyer said in a statement. "I commend Rep. Soto for his leadership on this issue and am proud to join him and Members from both sides of the aisle in sending this letter to Administration officials requesting the immediate disbursement of $2 billion in funds already allocated to help rebuild the electrical grid on the islands. The people of Puerto Rico and the Virgin Islands have suffered enough, and they need these funds to rebuild a more resilient and reliable power grid."

The 47 Members of Congress (10 Senators and 37 Representatives) who signed this request include: Sen. Charles E. Schumer (NY), Rep. Steny Hoyer (MD-05), Sen. Elizabeth Warren (MA), Rep. Raul M. Grijalva (AZ-03), Sen. Richard Blumenthal (CT), Rep. Jenniffer Gonzalez-Colon (PR At Large), Sen. Bernard Sanders (VT), Rep. Stacey E. Plaskett (USVI), Sen. Kamala Harris (CA), Rep. Jose E. Serrano (NY-15), Sen. Kirsten Gillibrand (NY), Rep. Nydia Velazquez (NY-07), Sen. Robert Menendez (NJ), Rep. Alcee L. Hastings (FL-20), Sen. Cory A. Booker (NJ), Rep. John Lewis (GA-05), Sen. Christopher S. Murphy (CT), Rep. Gregory W. Meeks (NY-05), Sen. Catherine Cortez Masto (NV), Rep. Adriano Espaillat (NY-13), Rep. Paul Tonko (NY-20), Rep. Ruben Gallego (AZ-07), Rep. Juan Vargas (CA-51), Rep. Ben Ray Lujan (NM-03), Rep. James P. McGovern (MA-02), Rep. Grace F. Napolitano (CA-32), Rep. Eliot L. Engel (NY-16), Rep. Debbie Wasserman Schultz (FL-23), Rep. Lizzie Fletcher (TX-07), Rep. Debbie Mucarsel-Powell (FL-26), Rep. Sean Casten (IL-06), Rep. Kathy Castor (FL-14), Rep. Yvette D. Clarke (NY-09), Rep. Al Green (TX-09), Rep. Donna Shalala (FL-27), Rep. Albio Sires (NJ-08), Rep. Tony Cardenas (CA-29), Rep. Donald M Payne, Jr. (NJ-10), Rep. Jan Schakowsky (IL-09), Rep. Alan Lowenthal (CA-47), Rep. Michael F.Q. San Nicolas (Guam), Rep. Sheila Jackson Lee (TX-18), Rep. Thomas R. Suozzi (NY-03), Rep. Eleanor Holmes-Norton (DC), Rep. Ted W. Lieu (CA-33), Rep. Jesus "Chuy" Garcia (IL-04).

To read the letter in full, see below or click here (https://www.majorityleader.gov/sites/democraticwhip.house.gov/files/CDBG-DR%20Funding%20for%20PR%20%20and%20USVI%20Grid%20Letter.pdf).

June 27, 2019

Dear Secretary Carson, Secretary Perry, Acting Administrator Gaynor, and Director Mulvaney:

We write to urge the publication of the Federal Register Notice detailing the administrative requirements for the disbursement of the $2 billion Community Development Block Grant Disaster Recovery (CDBG-DR) appropriated to improve and increase the resilience of the power grids in Puerto Rico and the U.S. Virgin Islands. On February 9, 2018, the Bipartisan Budget Act of 2018 (PL 115-123) was enacted into law. However, more than a year after enactment of the Act, the U.S. Department of Housing and Urban Development (HUD) has failed to publish the Federal Register Notice to disburse the CDBG-DR funds needed to rebuild resilient power grids in Puerto Rico and the U.S. Virgin Islands.

The $2 billion in CDBG-DR HUD funding is meant to enhance and improve the electrical power systems in areas damaged by Hurricane Maria. In order for Puerto Rico and the U.S. Virgin Islands to gain access to the appropriated funds, HUD must first publish a Federal Register Notice of administrative requirements. However, nearly a year and a half after the Bipartisan Budget Act was passed, HUD has failed to provide the required notice. Without the publication of the Federal Register Notice, Puerto Rico and the U.S. Virgin Islands will be unable to adequately establish action plans for the reconstruction of the electrical grids.

On April 11, 2019, Governor Ricardo Rossello signed S.B. 1121, Puerto Rico Energy Public Policy Act, into law. The purpose of this legislation is to transition Puerto Rico's energy generation to 100% renewable energy by 2050. Through the Puerto Rico Electrical Power Authority (PREPA), Puerto Rico is striving to use $900 million of their appropriated CDBG-DR HUD funding to rebuild the grid with a focus on the generation and distribution of renewable power.[1] With the current high cost and unpredictability of power generation and distribution on the islands, the disbursement of the $2 billion in CDBG-DR HUD funding is essential to meet the goals of the Puerto Rico and U.S. Virgin Islands governments to alleviate power grid burdens.

Therefore, we urge the immediate publication of the Federal Register Notice detailing the administrative requirements for the disbursement of the $2 billion in CDBG-DR HUD funding to rebuild resilient, enhanced power grids in Puerto Rico and the U.S. Virgin Islands. We must strive to enable the prosperity of our fellow citizens in Puerto Rico and the U.S. Virgin Islands by providing renewable, affordable, resilient, and reliable power. Thank you in advance for your attention to this matter.

Sincerely,

Older

Association of British Insurers Supports Review of the Law on Limitation for Child Sexual Abuse Claims

Newer

Enhanced Portal To Extend Online Opportunity For OneAmerica Annuitants

Advisor News

  • Metlife study finds less than half of US workforce holistically healthy
  • Invigorating client relationships with AI coaching
  • SEC: Get-rich-quick influencer Tai Lopez was running a Ponzi scam
  • Companies take greater interest in employee financial wellness
  • Tax refund won’t do what fed says it will
More Advisor News

Annuity News

  • The structural rise of structured products
  • How next-gen pricing tech can help insurers offer better annuity products
  • Continental General Acquires Block of Life Insurance, Annuity and Health Policies from State Guaranty Associations
  • Lincoln reports strong life/annuity sales, executes with ‘discipline and focus’
  • LIMRA launches the Lifetime Income Initiative
More Annuity News

Health/Employee Benefits News

  • PLAINFIELD, VERMONT MAN SENTENCED TO 2 YEARS OF PROBATION FOR SOCIAL SECURITY DISABILITY FRAUD
  • Broward schools cut coverage of weight-loss drugs to save $12 million
  • WA small businesses struggle to keep up with health insurance hikes
  • OID announces state-based health insurance exchange
  • Cigna plans to lay off 2,000 employees worldwide
More Health/Employee Benefits News

Life Insurance News

  • The structural rise of structured products
  • AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries
  • Corporate PACs vs. Silicon Valley: Sharply different fundraising paths for Democratic rivals Mike Thompson, Eric Jones in 4th District race for Congress
  • Continental General Acquires Block of Life Insurance, Annuity and Health Policies from State Guaranty Associations
  • LIMRA launches the Lifetime Income Initiative
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
  • Finseca & IAQFP Announce Unification to Strengthen Financial Planning
  • Prosperity Life Group Appoints Nick Volpe as Chief Technology Officer
  • Prosperity Life Group appoints industry veteran Rona Guymon as President, Retail Life and Annuity
  • Financial Independence Group Marks 50 Years of Growth, Innovation, and Advisor Support
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet