The crisis could be extremely costly for the people of Puerto Rico and U.S. taxpayers alike.

Congress and the Obama Administration must show leadership and take steps to restore confidence in the island’s economy.

What is The Economic Recovery Initiative – Puerto Rico? We are business leaders who value the special relationship that exists between the U.S. mainland and Puerto Rico.

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(Washington, DC) – Puerto Rico Economic Recovery Initiative (PRERI) Executive Director Javier Ortiz released the following statement on the House of Representatives passing the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA): “Speaker Paul Ryan, Chairman Rob Bishop, Congressman Raul Grijalva and Congressman Sean Duffy deserve a tremendous amount of credit for crafting a… read more

Extending Tax Credits, Repealing Harmful Laws & Energy Diversification Lead The Way Areas Of Promise Shown In Puerto Rico’s Economy: According To A May Report, Some Sectors Of Puerto Rico’s Economy Are Still Growing. “Not all job sectors declined during May.  Trade, transportation, and utilities jobs increased by 900 combined.  Recreation and accommodation jobs increased by… read more

Many Urge Senate To Take Up & Swiftly Pass Legislation Amidst Worsening Conditions In Puerto Rico Representative Rob Bishop (R-UT): “The Bottom Line Is, There’s A Time Factor Here.” “The bottom line is, there’s a time factor here.  The fact that the House passed this bill with a very strong majority from both parties gets… read more

Legislation Reduces Taxpayer Burden, Does Not Set Any Precedent & Is Sensible Conservative Solution Congressional Budget Office: PROMESA Will Have “No Significant Net Effect On The Federal Deficit.” (Ryan Rainey, “CBO: Puerto Rico Bill Won’t Have Significant Effect On Federal Deficit,” Morning Consult, 6/3/16) Legislation Does Not Carry A “Significant Price Tag.” “The CBO determined… read more

Comments On Working Together To Help Puerto Rico & Hope The Legislation Signifies Lin-Manuel Miranda: “Speaker Paul Ryan Has Fulfilled His Promise: He Worked Together With Republicans And Democrats, And Has Created A Bill That Will Determine The Immediate Future Of Puerto Rico.” (Lin-Manuel Miranda, “Making Lemonade From Lemons,” El Diario Nueva York, 5/31/16) Legislation… read more