Saturday, September 22, 2018

Puerto Rico Senate seeks federal gov’t action on congressional economic development report

By on December 12, 2017

SAN JUAN – Puerto Rico’s Senate has approved Joint Resolution 99, authored by the chamber’s vice president, Larry Seilhamer, which seeks that Puerto Rico Gov. Ricardo Rosselló request that the U.S. Congress and federal government act on the report by the Congressional Task Force on Economic Growth in Puerto Rico–presented nearly a year ago as part of the provisions of the Promesa federal law.

Sen. Larry Seilhamer. (Juan J. Rodríguez / CB)

“Congress has to comply and be consistent with the commitment they made to the people of Puerto Rico. The federal tax reform as it is is contradictory with what is outlined in that report for the island’s economic development. Promesa cannot be only for austerity measures, other measures are also necessary to stimulate the economy in the short- and long-term,” Seilhamer said in a press release.

He also indicated that the New Progressive Party (NPP) delegation supported the measure. In addition, he noted that the effort made by the congressional task force cannot simply be reflected in a report without any action taken.

“Today, after Hurricane María, the economic situation of the island and with the federal tax reform, this request to Congress becomes ever more relevant. In the report, the group identified several actions needed to help economic growth. Among them, they discussed the former Roosevelt Roads Naval Base and the substantial economic opportunities it presents,” the senator said.

In addition, the report recommends continued efforts on Puerto Rico Electric Power Authority (Prepa) operational reforms to improve generation and transmission efficiency. It also includes topics such as the Martín Peña Channel, Medicaid financing in Puerto Rico and the participation of the island in Small Business Administration programs.

 

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