Is a Federal Fiscal Control Board the Only Option for Puerto Rico? - Event's Agenda

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March 2 nd , 2016 AGENDA 9:00 AM – 11:00 AM National Press Club Washington, D.C. The Center for a New Economy (CNE) is an independent, non-partisan think-tank dedicated to promoting a prosperous and sustainable economy for Puerto Rico. CNE is organized as a 501(c)(3) non-profit entity that does not solicit, nor does it accept, government funding. It is funded solely by individuals, private institutions and philanthropic foundations. www.grupocne.org www.facebook.com/grupocne www.twitter.com/grupocne Is a Federal Fiscal Control Board the Only Option for Puerto Rico? This forum introduces and explores the concept of a Fiscal Responsibility Law (FRL) for Puerto Rico as a policy proposal that could lay the groundwork for the stabilization of Puerto Rico’s public finances and a broad overhaul of Puerto Rico’s fiscal infrastructure. FRLs are mechanisms that allow for the establishment of monitorable fiscal targets and policy reforms. We will discuss the benefits of enacting and implementing a FRL that helps establish a strong fiscal regime for Puerto Rico, and how it might fit within the broad framework of any federal policy that addresses the island’s current fiscal and economic crisis. Welcome and Introduction Miguel A. Soto-Class, President of the Center for a New Economy Panel: A Fiscal Responsibility Law for Puerto Rico Moderator: Deepak Lamba-Nieves, Research Director, Center for a New Economy & Postdoctoral Fellow, Watson Institute at Brown University Panelists Andrés Velasco — Professor of Professional Practice in International Development, Columbia University & Former Finance Minister of Chile Gordon Gray — Director of Fiscal Policy, American Action Forum Richard Ravitch — Former Lieutenant Governor of New York Sergio M. Marxuach — Public Policy Director, Center for a New Economy Tracy Gordon — Senior Fellow, Urban-Brookings Tax Policy Center Final Remarks from Key Leaders in Puerto Rico Hon. Pedro Pierluisi, Resident Commissioner of Puerto Rico Hon. Eduardo Bhatia, President of the Senate of Puerto Rico Question & Answer Session

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This is the agenda for the Center for a New Economy's forum "Is a Federal Fiscal Control Board the Only Option for Puerto Rico?" The event took place on March 2, 2016 at the National Press Club of Washington D.C.

Transcript of Is a Federal Fiscal Control Board the Only Option for Puerto Rico? - Event's Agenda

March 2nd, 2016 AGENDA 9:00 AM – 11:00 AM

National Press Club Washington, D.C.

The Center for a New Economy (CNE) is an independent, non-partisan think-tank dedicated to promoting a prosperous and sustainable economy for Puerto Rico. CNE is organized as a 501(c)(3) non-profit entity that does not solicit, nor does it accept, government funding. It is funded solely by individuals, private institutions and philanthropic foundations.

www.grupocne.org www.facebook.com/grupocne www.twitter.com/grupocne

Is a Federal Fiscal Control Board the Only Option for Puerto Rico?

This forum introduces and explores the concept of a Fiscal Responsibility Law (FRL) for Puerto Rico as a policy proposal that could lay the groundwork for the stabilization of Puerto Rico’s public finances and a broad overhaul of Puerto Rico’s fiscal infrastructure. FRLs are mechanisms that allow for the establishment of monitorable fiscal targets and policy reforms. We will discuss the benefits of enacting and implementing a FRL that helps establish a strong fiscal regime for Puerto Rico, and how it might fit within the broad framework of any federal policy that addresses the island’s current fiscal and economic crisis.

Welcome and Introduction Miguel A. Soto-Class, President of the Center for a New Economy

Panel: A Fiscal Responsibility Law for Puerto Rico

Moderator: Deepak Lamba-Nieves, Research Director, Center for a New Economy & Postdoctoral Fellow, Watson Institute at Brown University

Panelists • Andrés Velasco — Professor of Professional Practice in International Development, Columbia

University & Former Finance Minister of Chile • Gordon Gray — Director of Fiscal Policy, American Action Forum• Richard Ravitch — Former Lieutenant Governor of New York• Sergio M. Marxuach — Public Policy Director, Center for a New Economy• Tracy Gordon — Senior Fellow, Urban-Brookings Tax Policy Center

Final Remarks from Key Leaders in Puerto Rico Hon. Pedro Pierluisi, Resident Commissioner of Puerto Rico Hon. Eduardo Bhatia, President of the Senate of Puerto Rico

Question & Answer Session