Puerto Rico rescue bill set for House vote

Published June 4, 2016 6:00pm ET



Legislation that would restructure Puerto Rico’s $72 billion debt problem was added to the House calendar by Majority Leader Kevin McCarthy on Friday evening, putting it on track for a possible vote next week.

Set to be considered as early as Thursday, the bill, H.R. 5278, would appoint an oversight board to help the struggling U.S. territory manage its finances. Senate lawmakers have said they will wait until the House version of the bill passes instead of filing legislation of their own.

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