Power 4 Puerto Rico Supports Amendments That Would Check Wall Street-tilted Fiscal Control Board, aka La Junta

May 22, 2020
FOR IMMEDIATE RELEASE

Power 4 Puerto Rico Supports Amendments That Would Check
Wall Street-tilted Fiscal Control Board, aka La Junta

Coalition reiterates call on Congress to pass meaningful debt relief legislation
for Puerto Rico and to work towards repealing the PROMESA federal law

WASHINGTON, DC – The Power 4 Puerto Rico coalition, composed of diaspora and allied groups advocating for Puerto Rico and displaced families, today came out in support of legislation that would address some of the most severe issues in the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) federal law. Through an undemocratic, unelected Fiscal Control Board (known in Puerto Rico as “la Junta”), PROMESA has imposed crippling austerity measures in the island that have further encroached on the already limited form of self-government of Puerto Rico in order to pay Wall Street bondholders at the expense of working Puerto Rican families.

Both Biden and Sanders Policy Proposals for Puerto Rico Still Lacking, Say Puerto Rican Stateside Groups as Florida and Puerto Rico Primaries Approach

FOR IMMEDIATE RELEASE
March 12, 2020

Both Biden and Sanders Policy Proposals for Puerto Rico Still Lacking,
Say Puerto Rican Stateside Groups as Florida and Puerto Rico Primaries Approach
Candidates have failed to address the impact of the Jones Act on the Island, among other critical issues

Washington DC/Orlando, FL -- The Power 4 Puerto Rico Coalition and partners today discussed the outcomes of a campaign to pressure the presidential candidates to present action plans for the Island and detailed where the Democratic presidential nominee contenders Senator Bernie Sanders and former Vice President Joe Biden stand on several of the key issues affecting the Island.

PUERTO RICO’S DEBT NEEDS TO BE CANCELLED, RESERVE FUNDS USED TO HELP EARTHQUAKE/HURRICANE VICTIMS, NOT WALL STREET

Jan. 23, 2020

WASHINGTON, DC – Today, the Power 4 Puerto Rico Coalition reiterated its call for Puerto Rico’s debt to be discharged, and for billions in reserve funds meant to pay down the island’s debt to instead be used to rebuild homes and provide shelter for tens of thousands of earthquake and hurricane victims whose homes and communities were destroyed by a series of natural disasters starting in 2017. The diaspora based coalition also called on the Financial Oversight and Management Board (FOMB or the “Junta”) imposed by Congress on the island to authorize the use of billions of dollars it forced the Commonwealth to set aside to pay down Puerto Rico’s public debts to help the victims of Hurricanes Irma and Maria and the recent earthquakes that have rocked the island.

POWER 4 PUERTO RICO ON 6.4 EARTHQUAKE THAT HIT THE ISLAND THIS MORNING

The Power 4 Puerto Rico coalition issued the following statement:

“We are alarmed by the magnitude of the 6.4 earthquake that shook the island earlier this morning and the series of aftershocks that followed in what has been, so far, two weeks of tremors. We are also alarmed by the lack of a substantive response from federal agencies to this emergency. Patients had to be evacuated from hospitals, a school building collapsed and the island is without power. Immediate assistance is needed from FEMA to support vulnerable populations.

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).

New microsite PRpolicy.org will allow voters to examine candidates’ proposals on Puerto Rico issues

2020 Presidential Candidates Put on Notice by Puerto Ricans
New microsite PRpolicy.org will allow voters
to examine candidates’ proposals on Puerto Rico issues

Washington DC -- This morning, the Power 4 Puerto Rico coalition launched PRpolicy.org to show which policy proposals and positions the #2020 presidential candidates have released so far --or not -- to help resolve longstanding issues for Puerto Rico.