The House Has a Solution to the Puerto Rico Debt Crisis

Washington, D.C – House Majority Leader Kevin McCarthy (CA-23) released the following statement on efforts by the House Committee on Natural Resources to address the Puerto Rican debt crisis:

“Puerto Rico’s debt crisis is a complex issue that has far reaching consequences for every American. I commend Chairman Bishop and his Committee for their tireless and transparent work to solve this problem. By allowing an oversight board to work with the Puerto Rican government, they can begin to tackle their debt while also instituting economic reforms and making government operate more efficiently. By taking action now, we will prevent a bailout of Puerto Rico by the taxpayers.”