Bill > HR0397

This resolution addresses the prolonged oversight of Puerto Rico by the Financial Oversight and Management Board (FOMB), which was established in 2016 through the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The resolution highlights several concerns, including the board's negative impact on local self-governance, democratic processes, and economic recovery. It notes that nearly a decade of FOMB oversight has led to significant challenges for Puerto Rico, including massive population migration (over 600,000 people), severe cuts to public funding for institutions like the University of Puerto Rico, and delays in disaster recovery efforts. The resolution urges the United States Congress to take immediate action by establishing a definitive end date for the FOMB, facilitating a transition to full fiscal autonomy and local democratic governance, and promoting economic recovery efforts that are community-driven and accountable to Puerto Ricans. Additionally, the resolution emphasizes that Puerto Ricans are U.S. citizens who deserve the same rights to self-governance as residents of other U.S. jurisdictions. As a final step, the resolution directs that copies be sent to key federal government leaders and Illinois Congressional representatives.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=397&GAID=18&DocTypeID=HR&SessionID=114&GA=104