No federal financial control board for Puerto Rico | TheHill

The Senate Committee on Finance will hold hearings on Puerto Rico at the end of September. The subject of a financial control board will be on the table. Rep. Jeff Duncan (R-S.C.), Puerto Rico bondholders and the economists on their payroll are clamoring for a federal financial control board (FFCB). It probably won’t happen because it would not be in the interest of the other stakeholders. A local financial control board would be more in line with the interest of Puerto Rico residents and the federal government.

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