House Judiciary Chairman Bob Goodlatte takes issue with op-ed we published last week by James Glassman, which suggested that he supports or leans toward a bailout of Puerto Rico. In a statement released to us, Chairman Goodlatte says this is not the case at all and never has been.
He supports no such measure, and has never said anything to the contrary. He released the following statement to the Washington Examiner:
If Mr. Glassman had read my statement from the recent House Judiciary Committee hearing on the issue he would know that I feel strongly that an issue of this magnitude deserves close and deliberate examination but by no means have I backed such a proposal. I have said many times that the purpose of that hearing was to gather more information and to hear from stakeholders. As the Committee with jurisdiction over our nation’s bankruptcy laws, the House Judiciary Committee regularly reviews and evaluates proposals to amend these laws and our recent hearing on allowing Puerto Rico to file for bankruptcy was simply part of this review.
Puerto Rico is $73 billion in the red and faces default later this year.
