H.R. 4900, The PROMESA (1 comment ↓ | 3 wiki edits: view article ↓)

H.R. 4900 would establish an Oversight Board to assist the Government of Puerto Rico, including instrumentalities, in managing its public finances.

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The PROMESA. It’s short for the “Puerto Rico Oversight, Management, and Economic Stability Act,” and it’s also Spanish for “promise.” So what’s the promise? And what does the bill do? Puerto Rico is deep in deb...

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