Week ahead: Puerto Rico, budget top House agenda

By Sylvan Lane – 04/11/16 06:00 AM EDT

        Puerto Rico

Puerto Rico

The House is coming back from recess and jumping right into the Puerto Rico debt crisis.

House lawmakers are expected to unveil the Puerto Rico Oversight, Management, and Economic Stability Act on Monday. It follows a discussion draft released two weeks ago by the House Natural Resources Committee. That panel is scheduled to hold a hearing on the bill Wednesday at 10 a.m.

Lawmakers are scrambling over how to help the island deal with its $72 billion in debt. Democrats want to allow the territory to be able to declare bankruptcy. But the island’s creditors have lobbied hard against that idea. Republicans have floated aid for the island in exchange for new oversight.

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