Summary

• As a legally authorized 'Territory' of the US, Puerto Rico has long been recognized as an important issuer of tax-exempt bonds.
• Current debt outstanding from Puerto Rico is approximately $37 billion.
• New Congressional initiatives are being unveiled to stimulate investment and incentivize certain industries to return to the island, including the Supply Chain Security and Growth Act and the MMEDS Act (H.R. 3042).

Puerto Rico and four U.S. territories can issue tax-exempt bonds under congressional authority. Here’s why that “triple exemption” matters for muni investors.

Why Puerto Rico Can Issue Tax-Exempt Bonds?

As a legally authorized “Territory” of the

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