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prima:Republican congressman asks Fiscal Oversight Board to explain delay and costs of PREPA debt restructuring

Scott Fitzgerald, chairman of a legal subcommittee, requested a briefing and defended the claims of the public company’s bondholders

May 15, 2025 - 10:12 AM

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This content was published more than 1 month ago.
The Dome of the U.S. Capitol Building at sunset seen from Upper Senate Park in Washington, Wednesday, Sept. 27, 2023. (The Associated Press)

Coming to the defense of bondholders, the chairman of a congressional subcommittee has called the Fiscal Oversight Board (FOMB) to account for the spending and the slow process of restructuring the debt of the Electric Power Authority (PREPA).

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