HNBA Reiterates its Call to the Senate to Act Promptly on PROMESA
WASHINGTON, DC -- The National President of the Hispanic National Bar Association, Robert T. Maldonado, released the following statement in response to Senate Majority Leader Mitch McConnell’s plan to bring up legislation next week to address Puerto Rico's debt crisis before the July 1 default deadline.
“The Hispanic National Bar Association commends Senators Menendez, Schumer, Booker, Gillibrand, Durbin, Brown and Blumenthal in joining the call of the many stakeholders involved, including legislators from both sides of the aisle and the Governor and residents of Puerto Rico, to act promptly on the PROMESA Act. The future of 3.5 million American citizens in Puerto Rico is at stake, and the Senate owes it to the people of Puerto Rico to save them from certain financial and humanitarian disaster.
“The HNBA has been clear in that the PROMESA Act is not perfect, and in fact, has many shortcomings. As it stated on May 27, 2016, the HNBA continues to be concerned about the composition of the Oversight Board and its seemingly overbroad powers over the affairs of the Commonwealth. In addition, the provisions regarding minimum wage and overtime compensation are troublesome. While the debate at the House of Representatives was meaningful, and the strong bipartisan vote and passage of the bill is encouraging, it is now up to the Senate to engage in a thoughtful debate and act promptly to continue to improve on the efforts initiated at the House. But this cannot be accomplished if the Senate does not act quickly.
“The HNBA remains committed to continue to work with all involved, including the Senate, the House and the Administration, to ensure that the people of Puerto Rico receive the relief they so rightly deserve, with dignity and respect. Now that the United States Supreme Court has invalidated Puerto Rico’s own efforts at debt relief, its only hope lies in the hands of Congress.”
About the Hispanic National Bar Association
The Hispanic National Bar Association (HNBA) is an incorporated, not-for-profit, national membership association that represents the interests of Hispanic attorneys, judges, law professors, legal assistants, law students, and legal professionals in the United States and its territories. Since 1972, the HNBA has acted as a force for positive change within the legal profession by creating opportunities for Hispanic lawyers and by helping generations of lawyers to succeed. The HNBA has also effectively advocated on issues of importance to the national Hispanic community. While we are proud of our accomplishments, we are mindful that our mission is as vital today as it was four decades ago, especially as the U.S. Hispanic population continues to grow.