Live coverage resumes at 9 00 a. M. Eastern on cspan3 and cspan. Org or listen live using the free cspan radio app. Most of puerto rico is still electricity and an estimated 100,000 residents have left the island. Puerto ricost Recovery Efforts and challenges. This House Committee hearing is three hours. The committee on Natural Resources will come to order. We welcome you here today. We are needing to her testimony on examining the challenges and puerto ricos recovery. We welcome you all here today. I ask for consent for the gentleman from california. The gentleman from new york. Illinoisgentleman from and the gentleman from new york, with the committee to participate in the hearing. If you notice, these three are already here. If there are no objections, that is so ordered. Under Committee Role fourf any statements i mask enough for consent that any member who wishes to make an Opening Statement be made part of the hearing record if they are submitted to the clerk by 5 00 p. M. Today
We are meeting to hear testimony on examining the challenges and puerto ricos recovery. We welcome you all here today. I ask for consent for the gentleman from california. The gentleman from new york. And, the gentleman from illinois and the gentleman from new york, with the committee to participate in the hearing. If you notice, these three are already here. If there are no objections, that is so ordered. Under Committee Rule 4f, any oral statements i ask for consent that any member who wishes to make an Opening Statement be made part of the hearing record if they are submitted to the clerk by 5 00 p. M. Today. Without objection, that will be so ordered. So, first, i appreciate the witnesses being on the panel. Lets start with the Opening Statements. I recognize myself for the original Opening Statement. We are here today to look at the hurricaneimpacted territories of puerto rico in the Virgin Islands. Next week the governors will be here with us also to testify. Before we start i wa
It is essential the process of providing liquidity assistance does not become detached from the fiscal process that is the essence of our charge. The longterm Solution Congress is contemplating the emergency supplemental should have formalized mechanisms to tie liquidity relief to the fiscal plans. Revision of those fiscal plans we are well aware as you stated we have to revise certified Physical Plant in light of the hurricanes devastation. This process will take several weeks, the board will hold 3 listening sessions in which all stakeholders are providing input to those fiscal plans as part of the revision process and also agreed with federal mediators to hold two additional sessions with creditor stakeholders. Our aim is to prepare revised plans. Deadline for the commonwealth to submit the use plans to the board descend the 22nd 2017 with revision through the certification date of february 2, 2018. Deadline for other entities will follow on the heels of that. Achieve transformation
The committee on National Resources will come to order. Were meeting to hear testimony on examining the challenges in puerto ricos recovery and role of financial oversight and Management Board. I ask unanimous consent for mr. Reev, gentleman from new york, mr. Surenno and the gentleman from illinois, mr. Cutearious and the gentleman from new york, ill be alowed to sit with the committee and participate . Thank you. Hearing no objections, that is so ordered. Under Committee Rule 4 f any oral Opening Statements are limited to chairman. This will allow us to hear from our witnesses sooner, therefore im asking unanimous consent that anyu other member be made part of the hearing committee. Clerk by 5 00 a. M. Today and without objection that will be so ordered. So first i appreciate the witnesses being on the panel. Lets start with it Opening Statements first and ill recognize myself for the original opening statement. We are here today to look at it hurricane impacted territories at puerto
The committee on National Resources will come to order. Were meeting to hear testimony on examining the challenges in puerto ricos recovery and role of financial oversight and Management Board. I ask unanimous consent for mr. Reev, gentleman from new york, mr. Surenno and the gentleman from illinois, mr. Cutearious and the gentleman from new york, ill be alowed to sit with the committee and participate . Thank you. Hearing no objections, that is so ordered. Under Committee Rule 4 f any oral Opening Statements are limited to chairman. This will allow us to hear from our witnesses sooner, therefore im asking unanimous consent that anyu other member be made part of the hearing committee. Clerk by 5 00 a. M. Today and without objection that will be so ordered. So first i appreciate the witnesses being on the panel. Lets start with it Opening Statements first and ill recognize myself for the original opening statement. We are here today to look at it hurricane impacted territories at puerto