Puerto Rico Oversight Board Director Robert Mujica Testifies Before Congress

The U.S. House Committee on Natural Resources held a pivotal oversight hearing on July 9, 2025, focusing on the financial management of Puerto Rico. Key witnesses included Robert Mujica Jr., the executive director of the Financial Oversight and Management Board for Puerto Rico, who provided insights into the island's economic challenges and recovery efforts.

Mujica emphasized the ongoing fiscal struggles Puerto Rico faces, highlighting the importance of effective financial oversight to ensure sustainable economic growth. His testimony underscored the need for continued federal support and strategic management to navigate the territory's complex financial landscape.

Joining Mujica were Andrew Austin, an economic policy analyst from the Congressional Research Service, and Michelle Sager, managing director of strategic issues at the U.S. Government Accountability Office. Their contributions aimed to provide a comprehensive view of the economic policies affecting Puerto Rico and the implications for federal oversight.

The hearing served as a critical platform for discussing the future of Puerto Rico's financial stability, with committee members eager to explore actionable solutions. As the committee continues its work, the insights shared by the witnesses will play a significant role in shaping policies that impact the territory's economic recovery.