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2/2/2022

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Puerto Rico’s Governor Pedro Pierluisi | U.S. Depart…

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting
with Puerto Rico’s Governor Pedro Pierluisi
February 1, 2022

WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen met today with Governor Pedro
Pierluisi of Puerto Rico to discuss the islandʼs economic progress and recovery from the
COVID-19 pandemic.
Secretary Yellen congratulated Governor Pierluisi on Puerto Ricoʼs imminent exit from debt
restructuring, which is a critical step towards the islandʼs economic and fiscal recovery.
Governor Pierluisi and Secretary Yellen discussed the work that o icials in Puerto Ricoʼs
government and the Treasury Department did to help the island emerge from the largest
municipal debt restructuring in U.S. history.
The Secretary and the Governor also discussed the importance of the enhanced Child Tax
Credit and agreed to work together through tax filing season and beyond to help residents of
Puerto Rico get access to this critical tax relief. Secretary Yellen underscored the Biden-Harris
Administrationʼs commitment to the people of Puerto Rico and a irmed that the Treasury
Department stands ready to help keep Puerto Rico on a path to a sustainable recovery.
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https://home.treasury.gov/news/press-releases/jy0576

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