Rep. Velazquez Seeks to End Conflicts of Interest in PROMESA Debt Restructuring in Puerto Rico
February 24, 2021
February 24, 2021
WASHINGTON, Feb. 24 -- Rep. Nydia M. Velazquez, D-New York, issued the following news release:
Rep. Nydia M. Velazquez (D-NY) has introduced the "Puerto Rico Recovery Accuracy in Disclosures Act of 2021." Known as PRRADA, the bill would extend current U.S. law to require disclosures of conflicts of interest in all PROMESA bankruptcy proceedings in Puerto Rico, and thereby improve transparency and restore confidence in the island's future. Senator Bob Menendez (D-NJ) has in . . .
Rep. Nydia M. Velazquez (D-NY) has introduced the "Puerto Rico Recovery Accuracy in Disclosures Act of 2021." Known as PRRADA, the bill would extend current U.S. law to require disclosures of conflicts of interest in all PROMESA bankruptcy proceedings in Puerto Rico, and thereby improve transparency and restore confidence in the island's future. Senator Bob Menendez (D-NJ) has in . . .