Among the foremost threats to individual freedom in America is the abusive and oftentimes lawless behavior…
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More Legal Shenanigans from the Biden Administration’s Department of Education

Among the foremost threats to individual freedom in America is the abusive and oftentimes lawless behavior of federal administrative agencies, whose vast armies of overpaid bureaucrats remain unaccountable for their excesses.

Among the most familiar examples of that bureaucratic abuse is the Department of Education (DOE).  Recall, for instance, the United States Supreme Court’s humiliating rebuke last year of the Biden DOE’s effort to shift hundreds of billions of dollars of student debt from the people who actually owed them onto the backs of American taxpayers.

Even now, despite that rebuke, the Biden DOE launched an alternative scheme last month in an end-around effort to achieve that same result.

Well, the Biden DOE is now attempting to shift tens of millions of dollars of…[more]

March 19, 2024 • 08:35 AM

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Home Press Room New CFIF Ad Exposes Revised PROMESA Legislation for What It Remains: A “Super Chapter 9” Bailout for Puerto Rico
New CFIF Ad Exposes Revised PROMESA Legislation for What It Remains: A “Super Chapter 9” Bailout for Puerto Rico Print
Wednesday, April 13 2016

WASHINGTON, D.C. – The Center for Individual Freedom (CFIF) today announced a new television ad about the “Super Chapter 9” bailout legislation for Puerto Rico (H.R. 4900) that was formally introduced yesterday by Congressman Sean Duffy (R-WI) and is currently under consideration by the Committee on Natural Resources in the U.S. House of Representatives.

“We are deeply concerned by this most recent version of the ‘Puerto Rico Oversight, Management, and Economic Stability Act’ (PROMESA),” said Timothy Lee, CFIF’s Senior Vice President of Legal and Public Affairs. “The language of the bill is updated from the ‘Discussion Draft’ released in late March, but it is far from improved and lawmakers should not be fooled by it.  Despite claims to the contrary, this legislation is a Super Chapter 9 bailout on the backs of America’s retirees and savers, and violates the principles of property rights and the rule of law.”

The new ad is the latest component of CFIF’s education campaign about the contagion effect of a “Super Chapter 9” bailout. Should Congress retroactively change the rules of the game for Puerto Rico’s debt, effectively sacrificing the rule of law and property rights in order to give the Commonwealth unprecedented access to bankruptcy measures, there will be very real consequences for America’s taxpayers, investors and state and municipal governments.

“CFIF remains ready to support more effective proposals that address Puerto Rico's financial woes while safeguarding the principles of property rights and the rule of law,” said Lee.  “Such proposals include reforms relating to Puerto Rico's destructive minimum wage, Jones Act constraints and public union strike laws, among others.”

CFIF encourages all Americans to contact their representatives in Congress and tell them to vote against any bailout of Puerto Rico that constitutes, in name or effect, provisions commonly referred to as “Super Chapter 9.”

View the television ad below.

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