Puerto Rico

Sen. Bob Menendez, D-N.J., said on Thursday that he plans to offer amendments to a House bill designed to help Puerto Rico to make the bill fairer to Puerto Rican residents.

House Financial Services Committee members unanimously approved a bill on Thursday that would put an end to a current legal loophole that a lawmaker contends allowed broker-dealers to defraud Puerto Rico investors.

Puerto Rico set up a registry of investors to foster two-way communication with all of its bondholders, making it easier for them to take “collective actions,” which may include debt restructuring votes.

National Public Finance Guarantee sued Puerto Rico Wednesday to overturn the commonwealth's debt moratorium law.

Senate Majority Leader Mitch McConnell, R-Ky., told reporters on Tuesday afternoon that the Senate will consider the House bill designed to help Puerto Rico before July 1.

Puerto Rico's Senate passed a bill to help the Puerto Rico Aqueduct and Sewer Authority sell bonds, following passage by the Puerto Rico House of Representatives.

The Securities and Exchange Commission is "very focused" on examining whether there were any securities law violations involving Puerto Rico bonds as the commonwealth's fiscal situation deteriorated over the last few years, SEC chair Mary Jo White told the Senate Banking Committee on Tuesday.

Puerto Rico’s legislature may be poised to pass a bill to help the Puerto Rico Aqueduct and Sewer Authority sell as much as $900 million of bonds.

Political opposition to a federal control board in Puerto Rico may make its operations difficult.

The Supreme Court on Monday issued an opinion affirming that a local Puerto Rico debt restructuring law is unconstitutional, leaving congressional action on a House bill as the most viable option left for the struggling commonwealth to deal with its debt crisis.