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Congressman questions Fiscal Board on bill that would compensate credit unions for government bond losses

In a letter addressed to the Chairman of the Fiscal Oversight and Management Board (FOMB), Congressman Troy E. Nehls requested clarification regarding the board’s opposition to Act 99-2024

October 22, 2024 - 2:43 PM

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Arthur J. González es profesor emérito de la Escuela de Derecho de la New York University; presidente AJG Advisors. Posee un salario de $245,000 (más $356,908 en cuotas de consultoría). (GFR Media)

The letter was addressed to the newly appointed president of the Fiscal Oversight Board, Arthur González.

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

Congressman Troy E. Nehls sent a letter to the newly appointed chairman of the FOMB, former Judge Arthur González, questioning the agency’s position against Act 99-2024, a statute that seeks to have the Puerto Rican government compensate credit unions for losses incurred following the default of the U.S. territory’s public debt.