FOMB

POWER 4 PUERTO RICO APPLAUDS HOUSE PASSAGE OF BILL TO BAN CONFLICTS OF INTEREST IN FEDERAL FISCAL BOARD PROCUREMENT CONTRACTS

Among the conflicts that prompted PRRADA were revelations that McKinsey, contracted by the Junta, had a subsidiary with investments in Puerto Rico debt, while advising the Junta on restructuring that same debt.


THE SAFETY OF PUERTO RICAN WOMEN CANNOT BE AT THE MERCY OF A WALL-STREET-DRIVEN FISCAL CONTROL BOARD, AKA LA JUNTA

”What is also an outrage is that the Financial Oversight and Management Board (FOMB) only days before the bodies of Keishla Rodríguez Ortiz and Andrea Ruiz Costas were found determined that a mere $200,000 —instead of the $7 million originally requested— would suffice for an officially declared state of emergency on gender violence

Power 4 Puerto Rico Formally Endorses Warren, Sanders, Velázquez Debt Relief Bill for Puerto Rico

Oct. 30, 2019

WASHINGTON, D.C. – As the U.S. House Committee on Natural Resources convenes this afternoon for a second round of hearings to examine potential amendments to the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) federal law, the Power 4 Puerto Rico Coalition announced their support for the “U.S. Territorial Relief Act” (S. 1312 / H.R. 2526).

STATEMENT BY POWER 4 PUERTO RICO CALLING ON GOV. ROSSELLÓ TO STEP DOWN

A leader who is truly committed to his patria (homeland in Spanish) and cares about the well-being of his people will forego his ego to allow for a transitional process that is orderly, transparent and begins to restore the confidence of people in the island’s central government.