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Senate president appoints special economic recovery committee and names Senator Castro chair
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Summary
Senate leadership announced a bipartisan special committee to address economic recovery, regulatory reform and business engagement; Senator Castro was appointed chair and the committee will work with the House and business groups.
On April 25 the presiding officer announced the formation of a special Senate committee to address economic recovery and regulatory barriers to business investment in the Commonwealth. The committee is bipartisan and will work directly with the business community, seek regulatory reforms, and coordinate with the House and business organizations.
The presiding officer said the committee’s focus will include reviewing regulations and laws that the Senate leadership believes are making the CNMI less attractive to business investment and exploring revenue-generating ideas the chamber can pursue with the House. He stated the committee will work with business stakeholders including the Chamber of Commerce and with other Senate committees. Senator Castro was named chair of the special economic recovery committee.
The presiding officer described the move as a response to concern about the commonwealth’s fiscal situation and said the committee will prioritize practical, bipartisan work to propose policies aimed at economic recovery. He asked members to support the committee’s efforts; no formal floor vote was recorded for the creation beyond the announcement and appointment.
