As Puerto Rico teeters on the brink of default, House Republicans said they will introduce legislation to create an independent board to oversee the island's chartered and supervised cooperativas.
The legislation, which will be unveiled by House Natural Resources Chairman Rob Bishop (R-Utah), would not directly address the issue of the island's cooperativas, a committee aide confirmed March 28.
Instead, the cooperativas would be handled as part of an overall plan developed by the oversight committee.
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