Another empty Promesa for Puerto Rico: the “new” Financial Control Authority bill


This is the “future” of Puerto Rico …. Another “PROMESA” .. .
“On December 9, 2015, three Republican US Senators co-sponsored Senate Bill 2381, called the “Puerto Rico Assistance Act of 2015.”
Now three months later, in March 2016, the US Congress re-branded this bill as the “Puerto Rico Oversight, Management, and Economic Stability Act,” whose acronym is PROMESA. … Great, right? NOT ….

WAR AGAINST ALL PUERTO RICANS

Book - 12-10

On December 9, 2015, three Republican US Senators co-sponsored Senate Bill 2381, called the “Puerto Rico Assistance Act of 2015.”

Now three months later, in March 2016, the US Congress re-branded this bill as the “Puerto Rico Oversight, Management, and Economic Stability Act,” whose acronym is PROMESA.

The original Senate Bill 2381 offered very minor assistance: a temporary reduction in payroll taxes and an “economic development” fund of $3 billion. But the real purpose of Senate Bill 2381 was the installation of a Financial Control Authority, which would rule over Puerto Rico.

Here is the bill, all 159 pages of it:

https://www.govtrack.us/congress/bills/114/s2381/text

Here is the PROMESA bill:

https://morningconsult.com/wp-content/uploads/2016/03/PR-Executive-Summary-and-Discussion-Draft.pdf

If you download both bills, and place them side-by-side, you will soon realize…

They are virtually the same bill!

After three months of hearings and “policy review,” Congress made only one legislative adjustment. They came up with a catchy acronym – PROMESA…

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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