AGP Executive Report
Last update: 7 minutes agoEconomic Development Leadership: Puerto Rico’s Senate confirmed Carlos Ríos Pierluisi as Secretary of the DDEC, with lawmakers emphasizing support for small and medium businesses and investors. Budget & Fiscal Oversight: The House approved a $13.18B General Fund budget for FY 2027 and advanced a fiscal responsibility package aimed at building a “post-fiscal board” framework, including a Budget Stabilization Reserve Fund. Labor Policy Shift: The House approved legislation to dismantle the Minimum Wage Evaluation Commission, keeping the $10.50 hourly minimum wage for now but moving future increases to quadrennial legislative reviews. Consumer & Market Regulation: A House panel will investigate whether certain entities involved in car shows and resale of motor vehicles are meeting dealership licensing and consumer protection rules. Water Resilience Ideas: A measure filed in the Judiciary Committee would study residential rainwater collection and storage to reduce pressure on aqueduct systems during drought risk. Food Safety Recall: MorningStar Farms recalled specific frozen items—Buffalo Chik’n Nuggets and Hot & Spicy Sausage Patties—sold in the U.S., Puerto Rico, and Costa Rica due to possible plastic contamination. Competitiveness Watch: Puerto Rico fell in the IMD World Competitiveness ranking, dropping to 52nd overall in 2026 from 45th in 2025, with notable declines in business efficiency and infrastructure.
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