Consultants

Should Congress Pass H.R. 870 Allowing Puerto Rico to Authorize Its Municipalities to File Chapter 9?

MuniNet Guide
February 25, 2015

Jim Spiotto submitted a letter to the Judiciary Committee of the US House of Representatives in support of H.R. 870, or the “Puerto Rico Chapter 9 Uniformity Act of 2015,” which would alter the Bankruptcy Code to treat the Commonwealth of Puerto Rico as a “State” for purposes of permitting its municipalities to file for Chapter 9. Jim submitted the letter in response to requests for statements on the bill from the House Judiciary Committee, the Department of Treasury and Congressmen Pedro R. Pierluisi. MuniGuide Net published Jim’s letter in support of H.R. 870. 

Click here to read the letter on MuniNet Guide.