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The memorial would be treated as a bill and, if approved in the Florida House and Senate, would pressure Congress to help relieve Puerto Rico of its debt. Photo: Flickr.
Central Florida News

Florida’s Puerto Rican Lawmakers Ask Congress to Help Relieve Island’s Debt

Florida’s Puerto Rican state lawmakers are calling on Congress to help Puerto Rico consolidate its more than $72 billion in debt. Under a memorial proposed by 30th district representative Bob Cortes, federal officials would allow the struggling commonwealth island’s municipalities and public utilities to file for Chapter 9 bankruptcy. Current federal law prevents it.
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