Puerto Rican cooperativas reject House bill

first_imgRepresentatives of Puerto Rico’s cooperativas have blasted a House plan to place the financial institutions in the hands of a fiscal control board.And an island attorney and local politician said that the bill — approved by the House Natural Resources Committee last week — could jeopardize the island’s government’s efforts to protect the institutions.H.R. 5278, known as PROMESA, creates a fiscal board to oversee the island government’s finances, which are on the verge of collapse. The island government is tens of billions of dollars in debt. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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