CCAGW Annual Ratings

Puerto Rico Debt -- Motion to Concur


McConnell, R-Ky., motion to concur in the House amendment to the bill that would establish a financial oversight board for Puerto Rico that would have authority to initiate a proceeding for restructuring the island's debts in federal district court if negotiations between creditors and the Puerto Rican government do not result in agreement. The Puerto Rican government would need to develop fiscal plans and budgets, which the board would approve or reject. The panel could take corrective actions related to compliance, such as preventing laws passed by the Puerto Rican legislature that are significantly inconsistent with the fiscal plan from being enforced. It also would temporarily allow a lower minimum wage in Puerto Rico for some young workers.

Vote Number: 
Senate Vote 116
Bill Number: 
S 2328
CCAGW Position: 
Vote Results: 
Motion agreed to, Thus cleared for the president. 68-30 : R 36-18; D 31-11; I 1-1