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prima:8 years after Promesa, the Fiscal Board does not meet the requirement of having a member residing in Puerto Rico

The decision of who will be the next member who lives or has a principal business on the island is up to Speaker Mike Johnson, who is considering former United Retail Center President Ramón Barquín

June 30, 2024 - 1:45 PM

President Joe Biden (right) greets House Speaker Mike Johnson (R-Michael Johnson) at a February event on Capitol Hill. (J. Scott Applewhite)

Washington D.C. - Pending the appointment of the two members of the new edition of the Fiscal Oversight Board (FOMB) that depend on the recommendations of speaker Mike Johnson, the body that controls the finances of the elected government of Puerto Rico has lacked, for the past nine months, a member who is a resident or has a principal business in the Puerto Rican archipelago.

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