In January 2022, a federal judge approved a final plan between the PROMESA board and Puerto Rico’s government, paving the way for the island to escape bankruptcy and resume making payments to ...

In doing so, we introduced the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). Following decades of fiscal mismanagement, Puerto Rico currently faces $72 billion in debt ...

The draft legislation released by the House Committee — H.R. 4900, or PROMESA (Puerto Rico Oversight, Management, and Economic Stabilization Act) — has met opposition from diverse groups ...

Puerto Rico’s utility has submitted solar and storage project bids to the government for approval, while a second bid process ... FOMB was created by the U.S. law known as PROMESA. The solar and ...