new york chairman u.s. house representatives natural resources committee say monday legislation address puerto rico grow debt humanitarian crisis introduce discussion wednesday committee vote week late early attempt introduce bill committee fail gain enough attention understand among lawmakers prompt chairman rep. rob bishop utah republican delay rework bill basic premise instal independent oversight board lead restructure u.s. commonwealth credit work local government develop economic reform plan remain place see puerto rico push situation get bad debt get bad humanitarian crisis get bad want bailout put long enough probably force position bailout go vote bishop say puerto rico already default debt face overall bill 70 billion pay stagger 45 percent poverty rate increase migration citizens u.s. mainland drain economic activity bishop say change bill relatively small u.s. treasury marvelous work develop plan obviously relationship obama administration congress warm fuzzy unusual amount help give us bishop say add time want finish want actually sign small areas think drag feet u.s. treasury secretary jack lew visit puerto rican school hospital monday teachers nurse doctor describe show dire condition due lack fund lew late tell reporters see late language draft bill treasury provide technical advice say committee decide release legislation hope congress sometimes try find last possible moment miss lew say puerto rico default may third time debt miss roughly 400 million payment owe government development bank island main fiscal agent however gdb major creditors forgo lawsuits least month reach tentative restructure deal bank get bill pass lawsuits go come fast furiously bishop say may default nearly billion july debt payments spur congressional activity goal everyone eventually get pay first line maybe important fact end day everyone chance treat fairly get investment back bishop say lew remark add bill take account many stakeholders bondholders interest retire island balance treat necessarily equally balance lew say add television advertisements call legislation bailout cross line deceptive puerto rico government say ask taxpayer-led bailout one offer legislation include bankruptcy language stealthy way around prohibition puerto rico use u.s. bankruptcy code restructure debt bishop say put language code deal specifically territories everything get firewall impact state versus territory house introduce puerto rico crisis bill wednesday rep. bishop