As Puerto Rico teeters on the brink of default, House Republicans said they will make legislation public this week that would leave the fate of the island's territory chartered and supervised cooperativas up to an independent oversight board.
The legislation, which will be unveiled by House Natural Resources Chairman Rob Bishop (R-Utah), would not directly address the issue of the island's cooperativas, a committee aide confirmed Monday.
Instead, the cooperativas would be handled as part of an overall plan developed by the oversight committee.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
