The Oversight Board questioned whether proper federal due diligence and OFAC clearance were obtained regarding Gotham’s affiliate operations in Cuba. (Reference image, floating plant (patana) in Cuba. © National Electrical Union) By THE STAR STAFF The Financial Oversight and Management Board has raised significant concerns about a proposed long‑term agreement between the Puerto Rico Electric Power Authority (PREPA) and Gothams Energy, LLC for up to 200 megawatts of temporary

A federal judge allows Puerto Rico’s financial regulator, OCIF, to continue liquidating The Phoenix Fund despite the fund’s Chapter 11 bankruptcy filing, aiming to protect public and institutional investors from potential losses. By THE STAR STAFF A federal bankruptcy judge has ruled that Puerto Rico’s top financial regulator may continue its liquidation and enforcement actions against The Phoenix Fund LLC, clearing the way for the Office of the Commissioner of Financial Inst

Across U.S. jurisdictions, parents are legally recognized to claim and respectfully handle fetal remains from early-stage gestational losses. By THE STAR STAFF Governor Jenniffer González Colón signed Law 42-2026, creating a special mechanism that allows, at the request of the parents and with medical authorization, the dignified handling of fetal remains from pregnancies under twenty (20) weeks. The Senate Project (PS 756) was authored by Senate President Thomas Rivera Schat

Business leaders testify before the House Labor Affairs Committee in support of returning minimum wage authority to the Legislature. By THE STAR STAFF A coalition of Puerto Rico’s leading economic and business organizations reaffirmed their support on Wednesday for House Bill 1115 following their presentation during a public hearing of the House Labor Affairs Committee. The measure would dissolve the Minimum Wage Evaluation Commission created under Law 47-2021 and give the Pu

Lawmakers discuss measures to regulate the use of artificial intelligence in electoral campaigns during a House public hearing. By THE STAR STAFF The House of Representatives’ Government Committee, chaired by Representative Víctor Parés Otero, evaluated measures aimed at addressing the use of artificial intelligence (AI) in electoral campaigns. During a public hearing, House Bill 877 and Senate Bill 101 were analyzed, both focused on increasing transparency and oversight of

By Eva Llorens Puerto Rico’s fiscal authorities are exploring new AFICA conduit bond financings to support renewable energy and healthcare projects even as the Financial Oversight and Management Board (FOMB) warns that the growing reliance on this type of debt requires greater transparency and restraint. According to the FOMB’s latest economic report issued on Wednesday, the Fiscal Agency and Financial Advisory Authority (AAFAF) is currently in discussions with renewable pow

BY THE STAR STAFF Governor Jenniffer Aydin González Colón announced on Tuesday that she signed House Bill 505 to impose a 4 percent tax on capital gains, interest, and dividends of future beneficiaries of Law 60. “Today I will sign into law this bill 505 which increases the tax rate on net capital gains, interest, and dividends for future resident individuals and investors in Puerto Rico to 4 percent. Currently they pay zero, now they will be paying 4 percent,” González Colón

Tourism, Natural Resources, and Environment Committee Vice President Marissita Jiménez Santoni, Majority Leader Gregorio Matías Rosario and Majority Senator Héctor Joaquín Sánchez Álvarez. By THE STAR STAFF The Tourism, Natural Resources, and Environment Committee, led by Senate Vice President Marissita Jiménez Santoni, held a public hearing to review Senate Bill 900, introduced by Majority Leader Gregorio Matías Rosario, which addresses public policy for managing single-use

CUD urged state and federal authorities to implement temporary relief measures amid rising fuel prices. By THE STAR STAFF United Retailers Association (CUD, in Spanish) President Ramón Barquín urged local and federal authorities on Tuesday to suspend certain taxes on oil and its derivatives to help offset the rapid increase in fuel prices driven by the geopolitical crisis in the Middle East and the near standstill of maritime traffic in the Strait of Hormuz Barquín, former pr

By THE STAR STAFF The administrator of the Child Support Administration (ASUME), María del Mar Mateu Meléndez, announced on Tuesday the launch of the campaign “Your children don’t eat excuses”, an initiative aimed at raising awareness about the importance of complying with child support payments. “At ASUME, we see how delays in child support payments affect the stability and overall development of many of our children and young people. Behind each case are minors who depend o