The hearing will be held on Tuesday, Dec. 1, at 10 a.m.
Grassley said his goal with the hearing is to help committee members and the public identify and gain a better understanding of the root cause of Puerto Rico's fiscal problems, discuss what's currently being done, and consider what options are available that could help Puerto Rico get itself out of the present situation.
The Judiciary Committee has jurisdiction over bankruptcy policy, but Grassley has reiterated that restructuring debt and throwing taxpayer money at the island, without ensuring the creation and implementation of structural and fiscal reform, fails to resolve the underlying problems in Puerto Rico required to create economic growth.
Witnesses for the hearing will be announced at a later date.
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