Democrat Senators Introduce Bankruptcy Bill for Puerto Rico

Posted on 07/15/2015

Senators Charles Schumer (Democrat-New York) and Richard Blumenthal (Democrat-Connecticut) introduced a bill, Puerto Rico Chapter 9 Uniformity Act, in the U.S. Senate to allow Puerto Rico public entities to declare Chapter 9 bankruptcy. The bill is expected to be part of a related proposal that was introduced by Puerto Rico Resident Commissioner Pedro Pierluisi (Democrat-Puerto […]

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