Pass the Puerto Rico Chapter 9 Uniformity Act of 2015 - H.R. 870 OR S. 1774

Petition Closed

Pass the Puerto Rico Chapter 9 Uniformity Act of 2015 - H.R. 870 OR S. 1774

This petition had 64 supporters

Franchesca Guzman started this petition to Representative Keith Ellison and

Puerto Rico and the United States have a long and complicated history that began in 1898. Our country was invaded by the United States in efforts to win the Spanish American War. By August of 1898, America raised its flag and we became one – sort of. Efforts were made to Americanize the island – first by granting full U.S. citizenship to Puerto Ricans in 1917 and pushing for English to be the official language. These efforts were in vain because, as you know, a nationalist movement in the 1930’s facilitated by the Popular Democratic Party gained much support and further promoted the demise of U.S assimilation. Then, in 1952 the U.S. Congress approved a new Puerto Rican constitution that made the island an autonomous U.S. commonwealth, with its citizens retaining American citizenship. The constitution was formally adopted by Puerto Rico on July 25, 1952 – exactly 54 years after the initial U.S. invasion. What has created and further complicated the economic system in Puerto Rico were loopholes and incentives through tax laws and bonds for residents, investors and businesses alike.

It is ironic that Puerto Rican’s on the island cannot vote for President, yet they are expected to believe in a government that, in a sense, has given them a faux voice. I, as a U.S. citizen on the mainland want to voice my concerns AND possible solutions for this unfortunate situation. In the end, there is no simple solution to the island’s diminishing economy – but there do need to be steps taken in attempt to stop the bleeding! These attempts need to be done by none other than Congress. I am asking today for Congress to move towards amending the U.S. Bankruptcy Code thus allowing the creation of a legal mechanism that will allow Puerto Rico to default and then move towards a plan of restructuring.

 

Petition Closed

This petition had 64 supporters