Podcast appearances and mentions of salim furth

We sit down with Salim Furth, Senior Research Fellow and Director of the Urbanity Project at the Mercatus Center, George Mason University. We dive deep into state-level housing bills and explore what's being proposed in Texas' 89th Legislative Session to enhance housing affordability and attainability. Discover the impact of HB878, the benefits of accessory dwelling units (ADUs), and the broader implications of zoning reforms on property rights and local communities. Additionally, Salim provides comparisons to other states like California, Montana, and Florida, shedding light on successful housing policies and their outcomes. Don't miss this detailed discussion on how Texas can navigate legislative reforms to ensure housing remains within reach for its growing population. 

Housing lobbyist Tom Coale and housing researcher Salim Furth argue that reducing public comment on by-right development projects, standardizing environmental waivers, early vesting of development entitlement, and other permitting reforms can jumpstart housing supply and mitigate the housing shortage in Maryland. Sunil Dasgupta talks with Coale and Furth about their recent paper on the subject https://t.ly/gaveq. Music from Washington DC rock ‘n' roll band 7 Door Sedan.

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Salim Furth from the Mercatus Center at George Mason University to explore America's housing affordability and supply crisis and the optimistic changes that are under way. About Salim Furth Salim Furth is a Senior Research Fellow and Director of the Urbanity project at the Mercatus Center at George Mason University. His research focuses on housing production and land use regulation. He frequently advises local governments and testifies before state and federal legislatures. He earned his Ph.D. in economics from the University of Rochester. Furth previously worked at the Heritage Foundation, at Amherst College, and as a contractor to HUD. His research has been published in Housing Policy Debate, Critical Housing Analysis, and the IZA Journal of Labor Policy. He serves as an advisor to the board of Texans for Reasonable Solutions and a Better Cities Project Fellow.served as lead independent trustee and eventually board chairman overseeing a multibillion-dollar ETF trust until its sale in early 2024. Here's a glimpse of what you'll learn:  Why an esoteric domain like housing policy and zoning is suddenly in the spotlight in the US What the “Housing Theory of Everything” is and why it's important Why the housing shortage isn't confined to the United States and which countries are tackling it Why NIMBYism is a universal human (or at least Anglophile) value The shocking extent of our under-construction Which simple zoning and regulation changes are making impact around the country Which cities and states are doing the best work in housing Whether increased immigration helps or hurts housing affordability Which tax law changes are most effective What will happen if the population declines The optimistic and pessimistic scenarios for residential real estate, affordability and supply in the longer term future Conclusions and insights from his recent “Laying Foundations” paper about the 50 most recent legislative efforts around the country Resources mentioned in this episode: Salim Furth | LinkedIn Salim Furth | X Mercatus Center Salim Furth | Mercatus Center Mike Simonsen | LinkedIn Altos Research Featuring Mike Simonsen, President of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on Twitter Mike on Twitter About Altos Research The Top of Mind Podcast is produced by Altos Research. Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels. Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.

Radio Boston talks with Salim Furth, a Milton native who now works as a Senior Research Fellow at George Mason University's Mercatus Center, and Ed Lyons, a Republican activist and political writer.

In this episode, Chuck Kasky, Maryland REALTORS® CEO, dives deep into housing policy with Dr. Salim Furth, Senior Research Fellow and Director of the Urbanity project at the Mercatus Center at George Mason University, and Lisa May, Maryland REALTORS® Director of Advocacy and Public Policy.Listen as Chuck, Salim, and Lisa examine the issues of zoning, housing costs, and the effects on Maryland first-time homebuyers. Salim breaks down the intricacies of gentrification and the impact it has on regional affordability and local affordability. Additionally, Lisa discusses the ambitious policy proposed by the Moore administration that may begin to address the lack of housing in Maryland.Salim Furth is a Senior Research Fellow and Director of the Urbanity project at the Mercatus Center at George Mason University. His research focuses on housing production and land use regulation and has been published in Housing Policy Debate, Critical Housing Analysis, and the IZA Journal of Labor Policy. He has testified before several state legislatures as well as the U.S. Senate and House of Representatives. He frequently advises local government officials on zoning reform and housing affordability.Furth's writing has appeared in National Affairs, American Affairs, The City, Public Discourse, and numerous newspapers. He previously worked at the Heritage Foundation, at Amherst College, and as a contractor to HUD. He earned his Ph.D. in economics from the University of Rochester.Featured Research"Single-Family Zoning and Race: Evidence From the Twin Cities." Published in Housing Policy Debate."California Zoning: Housing Construction and a New Ranking of Local Land Use Regulation." (Salim Furth & Olivia Gonzalez)

Housing has gotten SO expensive — for many of us, buying something seems totally out of reach. And even renting a decent apartment is a struggle these days. Who, or what, is to blame for these high prices? We track down the culprit with urban planner Prof. Nicole Gurran and attorney Prof. Sara Bronin.   Find our transcript here: https://bit.ly/ScienceVsAffordableHousing In this episode, we cover: (00:00) The Crime (03:48) Suspect 1: Greedy developers (07:20) Suspect 2: AirBnB (14:20) Suspect 3: Zoning (24:00) The Twist! This episode was produced by Rose Rimler along with Wendy Zukerman, with help from Joel Werner, R.E. Natowicz, Meryl Horn, and Michelle Dang. We're edited by Blythe Terrell. Fact checking by Eva Dasher. Mix and sound design by Bobby Lord. Music written by Bumi Hidaka, Emma Munger, and Bobby Lord.  Thanks to everyone we reached out to for this episode, including Dr. Yonah Freemark, Prof. Stephen Sheppard, , Prof. Sonia Hirt, Prof. Solly Angel, Dr. Sherry Bokhari, Dr. Salim Furth, Dr. Norbert Michel, Dr. Max Holleran, Prof. Manuel Aalbers, Prof. Kirk McClure, Dr. Kate Pennington, Prof. Joseph Gyourko, Prof. Jessica Trounstine, Jenna Davis, Dr. Jake Wegmann, Prof. Hui Li, Dr. Edward Kung, Dr. David Wachsmuth, Dr. Brian Doucet, Dr. Aradhya Sood, Dr. Stan Oklobdzija, and Dr. Andrew Whittemore. Special thanks to Meg Driscoll, Flora Lichtman and a big thanks to our voice actors: Aliza Rood, Annie Minoff, Chantelle Young, Valentina Powers, Alena Acker, Krystian Zun, and Moo.  Science Vs is a Spotify Studios Original. Listen for free on Spotify or wherever you get your podcasts. Follow us and tap the bell for episode notifications.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

On this episode, Salim Furth, a Senior Research Fellow and Co-Director of the Urbanity Project here at Mercatus discusses the new White House Housing Supply Action Plan with Mark Calabria, who is a Senior Advisor at the Cato Institute. They dig into what the action plan can do to fix the housing crisis in the United States and where it might fall short.If you would like to connect with a scholar featured on this episode, please email the Mercatus Outreach team at mercatusoutreach@mercatus.gmu.edu. Full transcript of this episode

On this episode, Dan Rothschild, the Executive Director here at Mercatus, digs into housing policy with Salim Furth, a Senior Research Fellow and Director of the Urbanity Project here at Mercatus. They chat about why Auburn, Maine is the perfect example of an American city getting housing policy right, and expand upon what policymakers can do to correct the housing crisis and make their cities flourish.If you would like to connect with a scholar featured on this episode, please email the Mercatus Outreach team at mercatusoutreach@mercatus.gmu.edu.

In normal times, the grounding of more than half of the Washington Metro Rail fleet would be a huge snag for federal government operations. With pandemic levels of teleworking, so far it's mainly an inconvenience. But my next guest argues, local jurisdictions need to get going now with alternative ways for feds, and contractors, to get to work. Salim Furth is a research fellow at the Mercatus Center at George Mason University.

This special series on Infill is in partnership with Up For Growth, who is hosting a conference featuring amazing pro-housing voices from all over the country. We had the great opportunity to sit down with several of the speakers and give you a preview of what will be discussed in more detail during the conference. The conference starts on September 21 and is all online. Tickets are free, grab yours here! https://go.upforgrowth.org/UFG2021YIMBYIn this episode, Laura Foote sits down with Salim Furth, a Senior Research Fellow and Director of the Urbanity project at the Mercatus Center at George Mason University. His research focuses on housing production and land use regulation and has been published in Critical Housing Analysis and the IZA Journal of Labor Policy. He has testified before several state legislatures as well as the U.S. Senate and House of Representatives. He frequently advises local government officials on zoning reform and housing affordability. Learn more about Salim: https://www.mercatus.org/scholars/salim-furthLearn more about Up For Growth: https://www.upforgrowth.org/Learn more about YIMBY Action (become a member in September and get a free Legalize Housing shirt!): https://yimbyaction.org/join

Potential Consequences of a Restricted Occupancy Overlay (ROO) for College StationThe College Station City Council is considering adopting a Restricted Occupancy Overlay. Also called a ROO, this potential rule could allow neighborhoods to vote on restricting how many unrelated people can live in a home together. College Station and Bryan, Texas are both home to Texas A&M University, the largest university in Texas. Some students live on campus, but many live off campus and their housing options and costs are impacted by decisions made by the city councils of these two cities. When housing options are limited, these students compete with the low-income population for good housing. Local regulations such as this ROO can impact local housing costs, so Think Brazos will continue to follow and update you on this potential ordinance.In this video and podcast episode, Habitat staff Charles and Whitney Coats ask policy experts Emily Hamilton, Salim Furth, and Nolan Gray from the Mercatus Center about the potential consequences of this kind of regulation for residents in College Station. This interview is part of a longer interview where we discussed housing policies that could help reduce the spread of the Coronavirus (and future viruses).If you would like more background information on the Restricted Occupancy Overlay, please listen to our podcast interviews with College Station city council opponents Elizabeth Cunha and Joe Guerra—they disagreed on this issue and explain why in these episodes. Visit Think Brazos for more conversations about how we keep a growing community affordable for everyone—Texas A&M students, Aggie graduates, employees, and fans!

COVID-19 has taken lives and livelihoods in Bryan and College Station. Hopes are rising for a vaccine, but what else can a community do to help recover?Mercatus Center scholars Emily Hamilton, Salim Furth, and Nolan Gray join Charles and Whitney Coats of Think Brazos to discuss how certain housing types could help Bryan and College Station recover from COVID-19 and what that recovery may look like. The Mercatus publication discussed in the video is “Policies to Help Communities Recover: Housing Restrictions”. Enjoy the show and be sure to subscribe so you don’t miss future episodes. Just remember – “Think local. Think Brazos!”Think Brazos is a project of Bryan/College Station Habitat for Humanity focused on policies that help local Brazos County families thrive. This interview is not an endorsement of the Mercatus Center at George Mason University.

The COVID-19 pandemic has caused a great deal of economic uncertainty at the state and local levels. Whether or not the virus is contained in the near future, local governments must provide flexibility in housing, zoning, and transit policies to help their communities recover. Karen Czarnecki, Vice President of Outreach at the Mercatus Center is joined by Emily Hamilton, Research Fellow and Co-Director of the Urbanity Project at the Mercatus Center, Salim Furth, Senior Research Fellow and Co-Director of the Urbanity Project at the Mercatus Center, and Jenny Schuetz, Research Fellow at the Metropolitan Policy Program at the Brookings Institution to discuss how urban communities can strengthen their economies in uncertain times, how housing restrictions make the United States less resilient during a pandemic, handling traffic congestion and embracing non-vehicular congestion in the long term, and what should be done about missed rent payments. If you would like to speak with one of the scholars or learn more about future webinars, please reach out to mercatusoutreach@mercatus.gmu.edu  

Title: Macro Musings Producers’ Special – A Recap of 2019 and a Glimpse into the Future   Description:   To accompany the new year, David Beckworth is joined by the producers of Macro Musings, Marc and Carter, to talk about the highlights of the podcast throughout 2019, including their personal favorite episodes and the top episodes according to listener statistics. They also discuss some of the most important macroeconomic issues and events of the past year, including the yield curve inversion and ensuing recession speculation, the secular decline of interest rates, the Fed’s big 2019 review, and more.   A massive thank you to all of our listeners who have tuned in over the past few years, and we hope you continue to tune in for more exciting content as we navigate through 2020.   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth   Related Links:   Producers’ Top 3 Episodes:   Robert Graboyes: https://www.mercatus.org/bridge/podcasts/05132019/robert-graboyes-monetary-history-small-coins Bryan Cutsinger: https://www.mercatus.org/bridge/podcasts/03292019/civil-war-and-economics-seigniorage Salim Furth: https://www.mercatus.org/bridge/podcasts/06242019/land-use-regulations-rise-nimbyism-and-options-reform   Listeners’ Top 3 Episode:   Peter Stella: https://www.mercatus.org/bridge/podcasts/02182019/peter-stella-debt-safe-assets-and-central-bank-operations Tyler Cowen: https://www.mercatus.org/bridge/podcasts/07222019/tyler-cowen-culture-big-business-united-states Michael Strain: https://www.mercatus.org/bridge/podcasts/03042019/populism-mmt-and-billionaires   David’s Top 3 Episodes:   Donald Kohn: https://www.mercatus.org/bridge/podcasts/02012019/burns-powell Paul Tucker: https://www.mercatus.org/bridge/podcasts/03252019/paul-tucker-central-bank-independence-and-unelected-power Alex Tabarrok: https://www.mercatus.org/bridge/podcasts/09092019/alex-tabarrok-elements-economic-growth-and-decline-dynamism

North Carolina’s system for funding public schools is broken. A more student-centered approach to funding could fix the problem. Terry Stoops, John Locke Foundation vice president for research and resident scholar, discusses recommendations from a new report that recommends a major overhaul of N.C. public education financing. When most of think about markets, we think of goods and services. Salim Furth, senior research fellow at the Mercatus Center at George Mason University, focuses his attention on the market for neighborhoods. Furth discusses the implications of applying economic principles to the places where we live. The N.C. Constitution bans felons from serving as sheriffs. There’s some confusion about the eligibility of a person who has had a felony conviction expunged from his record. The N.C. House recently debated a measure designed to clarify the rules for potential sheriffs with criminal convictions expunged. N.C. lawmakers have debated for years the rules restricting placement of billboards beside state roads. The latest debate involves replacement of billboards that must be torn down when a local government condemns the surrounding property. Some legislators emphasize the billboard owners’ property rights, while others worry about blocking local government control of billboard placement. Multiple Democratic politicians continue to push for a government-mandated $15-per-hour minimum wage. Jon Sanders, John Locke Foundation director of regulatory studies, highlights economists’ assessments of the idea. Sanders notes that little news coverage of the $15 wage includes analysis from economists, who tend to criticize the idea.

Salim Furth is a senior research fellow at the Mercatus Center where he studies regional, urban, and macroeconomic trends and policies.  Salim joins the show today to talk about some of his work on housing supply in the United States and its implications for policy. David and Salim also discuss the problems that arise from rigid zoning laws, the rise of NIMBYism, and possible ways to conduct regulatory zoning reform.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/06242019/land-use-regulations-rise-nimbyism-and-options-reform   Salim’s Twitter: @salimfurth Salim’s Mercatus profile: https://www.mercatus.org/people/salim-furth   Related Links:   *Housing Supply in the 2010s* by Salim Furth https://www.mercatus.org/publications/state-and-local-regulations/housing-supply-2010s   *Do Minimum-Lot-Size Regulations Limit Housing Supply in Texas?* by Nolan Gray and Salim Furth https://www.mercatus.org/publications/urban-economics/do-minimum-lot-size-regulations-limit-housing-supply-texas   *The Link Between Local Zoning Policy and Housing Affordability in America’s Cities* by Kevin Erdmann, Salim Furth, and Emily Hamilton https://www.mercatus.org/publications/urban-economics/link-between-local-zoning-policy-and-housing-affordability-america%E2%80%99s   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

If you’ve ever lived in a city like NYC or San Francisco you’re all too familiar with the incredible cost of housing. A studio apartment might cost as much to rent as a single family home out in the suburbs or a smaller town. While some of that additional cost is just the price we pay for living in desirable locations with abundant job opportunities, a surprising amount of that cost is entirely unnecessary. Bad regulatory policies are the cornerstone of the crisis of affordable housing in America today. Zoning boards keep housing density low, meaning shortages of housing supply in the face of rising demand, a classic recipe for skyrocketing prices. Salim Furth from the Mercatus Center joins Paul Matzko to discuss the causes, consequences, and possible fixes for the housing affordability crisis.What can we fix so that housing prices become lower? What does it take to build a home in the U.S.? What power does the local government have in the housing market? How are zoning regulations affecting cities? What is the YIMBY movement? What is a thick labor market and how does it support housing? How should you engage with local politics?Further Reading:The Two-Board Knot: Zoning, Schools, and Inequality, written by Salim FurthThe Link Between Local Zoning Policy and Housing Affordability in America’s Cities, written by Kevin Erdmann, Salim Furth, and Emily HamiltonOrder without Design: How Markets Shape Cities, written by Alain BertaudRelated Content:How Government Housing Policy Distorts the American Dream, Free Thoughts PodcastIs Amazon HQ2 Worth It?, Building Tomorrow Podcast See acast.com/privacy for privacy and opt-out information.

Rod Arquette Show Daily Rundown - Thursday, December 21, 20174:20 pm: Political strategist Matt Mackowiak joins the show to discuss what President Trump’s next big move could be after leading the tax cuts bill through Congress4:35 pm: Hal Boyd, Opinion Editor of the Deseret News, joins Rod to discuss why he thinks Mormons hold the key fixing the deep political partisan divide5:05 pm: Governor Gary Herbert joins the show to discuss why he joined a group of Governors pushing Congress to come up with a solution to help keep those in the DACA program in the U.S.6:05 pm: Steve Moore, Chief Economist at The Heritage Foundation, joins the show for his weekly conversation with Rod about the nation’s economy6:20 pm: Salim Furth, a research fellow with the Heritage Foundation, joins Rod to discuss new data from the Institute for Justice that shows how licensing laws are protecting special interests instead of consumers6:35 pm: James Campbell of Rocky Mountain Power joins the show to discuss a new electric vehicle charging station opening in Utah

Puerto Rico is in trouble and only the U.S. Congress can help the island of U.S. citizens. Does the bill quickly moving through Congress actually help Puerto Rico? Please support Congressional Dish: Click here to contribute with PayPal or Bitcoin; click the PayPal "Make it Monthly" checkbox to create a monthly subscription Click here to support Congressional Dish for each episode via Patreon Mail Contributions to: 5753 Hwy 85 North #4576 Crestview, FL 32536 Thank you for supporting truly independent media! H.R. 5278: "Puerto Rico Oversight, Management, and Economic Stability Act" (PROMESA) Bill Highlights Definitions "Territorial instrumentality": "Any political subdivision, public agency, instrumentality - including any instrumentality that is also a bank - or public corporation of a territory, and this term should be broadly construed to effectuate the purposes of this Act." Title 1: Establishment and Organization of Oversight Board Purpose: "To provide a method for a covered territory to achieve fiscal responsibility and access tot he capital markets." Constitutional Justification for the Board Article IV, section 3 of the Constitution "Provides Congress the power to dispose of and make all needful rules and regulations for territories." Records Access The Oversight Board will have the power to demand budgets from any public agency. The Oversight Board has the power to exclude any public agency from the requirements of this law. Oversight Board Membership Seven unpaid members appointed by the President. Six of the selections will be from lists created by Congress. Two people must be selected from two different lists submitted by the Speaker of the House of Representatives Two people must be picked from a list created by the Majority Leader of the Senate One person must be selected from a list created by the House Minority Leader One person must be selected from a list created by the Senate Minority Leader One person will be picked by the President Only one person on the board has to be a territory resident or "have a primary place of business in the territory" The appointments must be done by September 15, 2016 The Governor, or his designee, will be an "ex officio member" with no voting rights. Term of service: 3 years Removal: Can be done by the President "only for cause" Expired terms: The member can serve until someone else is appointed. Consecutive terms are allowed Member Qualifications Must have "knowledge and expertise in finance, municipal bond markets, management, law, or the organization or operation of business or government" No one who has worked for the territory's government is allowed on the Oversight Board Rules for the Oversight Board The Oversight Board will write the laws governing it's own activities The work of the Oversight Board can be privatized Majority Rule Needed To: Approve of fiscal plans Approve a budget To waive a law To approve or disapprove an infrastructure project Territorial Laws The Oversight Board can change the territory's laws "with the greatest degree of independence practicable" The Oversight Board may conduct their business behind closed doors. Paid Staff Executive Director The Board will determine his/her salary The Executive Director can hire as many staff members as he wants and decide how much they get paid, as long as none of them get more than he does. Gifts Are allowed but need to be publicly disclosed Exemption from Laws "The Executive Director and staff of the Oversight Board may be appointed and paid without regard to any provision of the laws of the covered territory or the Federal Government governing appointments and salaries. Any provision of the laws of the covered territory governing procurement shall not apply to the Oversight Board." Powers of the Oversight Board Data Collection The Oversight Board "shall have the right to secure copies, whether written or electronic, of such records, documents, information, data, or metadata from the territorial government" The banks can voluntarily submit information about how much money they think they're owed Subpeona Power Failure to obey an Oversight Board will be punished in court according to territorial laws. Strikes Prohibited The Oversight Board must "ensure prompt enforcement" of any territorial laws "prohibiting public sector employees from participating in a strike or lockout Lawsuits Against the Board Any legal action against the Oversight Board must be filed in a United States district court for the territory, or in the US District Court for Hawaii if that territory doesn't have one. The courts are not allowed to consider challenges to the Oversight Board's certification determinations Oversight Board Funding The Oversight Board will be funded by the permanent budget of the territory in an amount chosen by the Oversight Board. Until the territory creates the law providing permanent funding, the territory must transfer whatever the Oversight Board requests in its budget - at least 2 million dollars per month - to a fund controlled by the Oversight Board. The Oversight Board will have the ability to give some money back Oversight of the Oversight Board The territory is prohibited from exercising any oversight of the Oversight Board activities or from enacting any law related to the Oversight Board that "defeat the purposes of this Act" Title II: Responsibilities of the Oversight Board Approval of Fiscal Plans Fiscal plans submitted by the Governor will have to get certification from the Oversight Board. A fiscal plan developed by the Oversight Board will be deemed approved by the Governor Approval of Budgets If the Governor and Legislature don't have a budget certified by the first day of the fiscal year, the Oversight Board's budget will be deemed approved. Contract Reviews The Oversight Board can require review of government to government contracts that compete with the private sector "to ensure such proposed contracts promote market competition" Sense of Congress: Territorial government should be a "facilitator and not a competitor to private enterprise' If a "contract, rule, regulation, or executive order" fails to comply with Oversight Board policies, the Oversight Board can prevent "execution and enforcement of the contract, rule, executive order, or regulation." The Oversight Board will be able to rescind any law enacted between May 4, 2016 and the day all members and the Chair of the Oversight Board are appointed. They can't rescind laws that comply with a court order, implement a Federal Government program, implement laws that match Oversight Board policies, or maintain Federally funded mass transportation assets. The Oversight Board is allowed to make recommendations to change how pensions are paid to government employees and to transfer government services and entities to the private sector The Board will have the authority to cut budgets for services, institute hiring freezes, and cut off agencies from making financial transactions. Approval of debt restructuring plans Will need the approval of 5/7 Oversight Board members As long as the Oversight Board is in operation, the territorial government can't make any transactions related to it's debt. Termination of Oversight Board The territory needs to balance its budget for 4 consecutive years and the Oversight Board must certify that the banks are willing to lend to the territorial government No Full Faith & Credit of the United States The territories' debt is not backed by and will not be paid by the United States. Title III: Adjustments of Debts Allows Puerto Rico to have some ability under Chapter 11 (the bankruptcy chapter) to restructure it's debt. Banks ("creditors") that don't consent to a payment moritorium will not be bound by it. Title IV: Miscellaneous Minimum Wage Allows the Governor of Puerto Rico to [lower the minimum wage to $4.25/hr for new employees under age 25 until the Oversight Board is terminated, not more than four years. Lawsuit Freeze Lawsuits against Puerto Rico for repayment are prohibited from the day of enactment of this law until February 15, 2017 or six months after the Oversight Board is created. Title V: Puerto Rico Infrastructure Revitalization Revitalization Coordinator There will be a Revitalization Coordinator under the command of the Oversight Board, who will be appointed by the Governor from a list of three names selected by the Oversight Board. The Revitalization Coordinator must have experience in the planning, predevelopment, financing, development, operations, engineering, or market participation of infrastructure projects who isn't currently contracting with the government of Puerto Rico and was not a former government employee after 2012. The Revitalization Coordinator will be paid no more than the Executive Director. Project Assessments Will include how the project contributes "to transitioning to privatize generation capacities in Puerto Rico" Expedited Permits Relevant agencies of Puerto Rico's government need to create an expedited permitting process for the infrastructure projects declared "critical" by the Revitalization Coordinator. The expedited permitting processes will be operated as if the Governor had declared an emergency under Puerto Rican law. "Any transactions, processes, projects, works, or programs essential to the completion of a Critical Project shall continue to be processed and completed under such Expedited Permitting Process regardless of the termination of the Oversight Board" If a project is determined by "the Planning Board" to likely affect the implementation of existing Puerto Rican land use plans or an approved Integrated Resource Plan, the project will be "deemed ineligible" for Critical Project designation. The Oversight Board can waive any law that would "adversely impact the Expedited Permitting Process Limited Access to Courts Lawsuits against a "critical project" must be brought within 30 days of the decision the lawsuit would challenge. Vote June 9, 2016: Passed the House of Representatives 297-127 Sound Clip Sources TV Episode: Last Week Tonight with John Oliver: Puerto Rico (HBO), April 17 2016. TV Episode: Last Week Tonight with John Oliver: U.S. Territories (HBO), March 8, 2015. Hearing: H.R. 5278 Full Committee Markup, House Committee on Natural Resources, May 25, 2016. Hearing: H.R. 5278 Full Committee Markup, House Committee on Natural Resources, May 24, 2016. Hearing: Puerto Rico’s Debt Crisis and Its Impact on the Bond Markets, House Financial Services Subcommittee on Oversight and Investigations, February 25, 2016. Hearing: Puerto Rico’s Fiscal Problems: Examining the Source and Exploring the Solution, United States Senate Committee on the Judiciary, December 1, 2015. Hearing: The Broken State of Puerto Rico, Senate Judiciary Committee, December 1, 2015. Additional Reading Article: Democrats Could Slow Passage of Puerto Rico Rescue Bill By Mary Clare Jalonick, Associated Press, ABC News, June 21, 2016. Article: Hedge Funds Sue Puerto Rico in N.Y. Over Fiscal Crisis Law By Erik Larson, Bloomberg, June 21, 2016. Article: Supreme Court Says No to Puerto Rico’s Bankruptcy Law By Rachel Greszler, The Daily Signal, June 13, 2016. Article: Supreme Court rules Puerto Rico can't restructure debt By Lydia Wheeler, The Hill, June 13, 2016. Article: Congress’ Proposal to Restrict Legal Proceedings in Puerto Rico Debt Crisis Could Trigger Chaos By Rachel Greszler and Salim Furth, The Daily Signal, June 8, 2016. Article: Bernie Sanders leads liberals’ fight against Puerto Rico rescue bill By Mike DeBonis, The Washington Post, May 23, 2016. Articles: News about Tea Party Movement, including commentary and archival articles published in The New York Times, The New York Times, Last Updated May 23, 2016. Article: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington By Ryan Grim and Paul Blumenthal, The Huffington Post, May 13, 2016. Articles: News about Mutual Funds and E.T.F.'s, including commentary and archival articles published in The New York Times, The New York Times, Last Updated May 7, 2016. Article: Mystery: Strom Thurmond, Puerto Rico and bankruptcy protection By Jon Greenberg, Politifact, April 27, 2016. Article: Puerto Rico woos US investors with huge tax breaks as locals fund debt crisis By Rupert Neate, The Guardian, February 14, 2016. Article: The Price Of Inequality For Puerto Rico By Maria Levis, Health Affairs Blog, December 29, 2015. Article: Inside the Billion-Dollar Battle for Puerto Rico’s Future By Jonathan Mahler and Nicholas Confessore, The New York Times, December 19, 2015. Article: Is this 1917 law suffocating Puerto Rico’s economy? By Chris Bury, PBS, August 13, 2015. Article: For Puerto Rico, There is a Better Way A Second Look at the Commonwealth’s Finances and Options Going Forward, By Jose Fajgenbaum, Jorge Guzman, and Claudio Loser, Centennial Group International, July 2015. Article: Here Are the Winners and Losers of Puerto Rico's Debt Crisis By Michelle Kaske, Bloomberg, May 19, 2015. Article: Puerto Rico Fighting to Keep Its Tax Breaks for Businesses By Larry Rohter, The New York Times, May 10, 1993. Additional Information Documentary: THE LAST COLONY: A Close Look At Puerto Rico's Unique Relationship With The United States Website: House Natural Resources Committee Puerto Rico Legislation, May 25, 2016. OpenSecrets: Career Profile for Rep. Mick Mulvaney of South Carolina's 5th disctrict Website: Summary of Puerto Rico Tax Incentives OpenSecrets: Career Profile for Rep. Sean P Duffy of Wisconsin's 7th District OpenSecrets: Lobbyists lobbying on H.R.4900: PROMESA House Natural Resources Section by Section Summary of H.R. 5278 Foraker Act, April 12, 1900, Establishing the initial government structure of Puerto Rico. Jones Act of 1917, provided Puerto Ricans with American citizenship and established maritime laws that Puerto Rico would be ruled by, among other things. Constitution of the Commonwealth of Puerto Rico, February 6, 1952. Reports Puerto Rico’s Political Status and the 2012 Plebiscite: Background and Key Questions By R. Sam Garrett, June 25, 2013. Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Cover Art Design by Only Child Imaginations

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