Puerto Rico's governor will seek to have a debt payment moratorium and economic development initiatives added to a Republican bill to help resolve the territory's financial crisis.

Gov. Alejandro García Padilla will also be seeking to reduce the proposed powers of fiscal control board and to assign the power to restructure Puerto Rico's debt to a responsible party, Puerto Rico Chamber of Commerce President José Vázquez Barquet said after meeting with the governor on Thursday. García Padilla met with the group as part of an effort to keep a degree of local control in the legislation, which was introduced this week in the United States House of Representatives.

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