AGC Supports Sensible Fiscal Reform for Path Forward
Today, the House passed legislation to address the financial crisis in Puerto Rico. The AGC-backed bill would create a debt-restructuring process, empower a federal oversight board to supervise the territory’s fiscal affairs and create a redevelopment authority —with no taxpayer dollars used for a bailout— that will help rebuild Puerto Rico’s infrastructure. As it stands, many Puerto Rican government entities are unable to pay contractors for work completed on government construction projects and the public and private construction markets there remain on life support.
For more information, contact Jeff Shoaf at shoafj@agc.org or (202) 547-3350.
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