WASHINGTON — House Speaker Paul Ryan (R-WI) issued the following statement in response to the release of draft legislation on Puerto Rico’s fiscal problems:

“Puerto Rico’s impending fiscal crisis would have deep ramifications for the United States, and I applaud Chairman Bishop and the entire Natural Resources Committee for meeting their first quarter deadline. This draft is thoughtful, comprehensive legislation that gives the U.S. territory the tools it needs to deal with its systemic fiscal and budgeting problems—without a taxpayer bailout. I look forward to working with the committee so we can get Puerto Rico on a path to fiscal health.”