Sen. Gillibrand and Five Senate Colleagues Announce New Legislation to Provide Debt Relief for Puerto Rico and U.S. Territories
Since Hurricanes Irma and Maria ripped through
"Our fellow citizens in
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"
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"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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