Congress members request information from Federal Reserve Chair Warsh regarding consulting ties to a hedge fund impacting Puerto Rico's debt crisis.
Quiver AI Summary
Lawmakers request clarification on Warsh's ties: Congresswoman Nydia M. Velázquez, Congressman Ritchie Torres, and Senator Elizabeth Warren have sent a letter to newly confirmed Federal Reserve Chair Kevin Warsh seeking clarity on his consulting role at GoldenTree Asset Management. They express concerns regarding GoldenTree's actions during Puerto Rico's bankruptcy.
Details of the request: The lawmakers are asking Warsh to disclose the nature of his consulting work for GoldenTree since 2011, including any commentary related to Puerto Rican debt and his involvement in GoldenTree's investments. This follows Warsh's previous ambiguous responses regarding his role.
Background on GoldenTree: GoldenTree Asset Management has been identified as a significant player in the distressed debt market relating to Puerto Rico, owning over $850 million in bonds. Their actions have drawn criticism, with the lawmakers referencing Warsh as a potentially influential figure in prioritizing creditor interests over those of Puerto Rico’s residents.
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Nydia M. Velázquez Fundraising
Nydia M. Velázquez recently disclosed $0 of fundraising in a Q1 FEC disclosure filed on April 15th, 2026. This was the 2057th most from all Q1 reports we have seen this year. nan% came from individual donors.
Velázquez disclosed $19.7K of spending. This was the 1413th most from all Q1 reports we have seen from politicians so far this year.
Velázquez disclosed $113.8K of cash on hand at the end of the filing period. This was the 1035th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Nydia M. Velázquez's fundraising on Quiver Quantitative.
Nydia M. Velázquez Net Worth
Quiver Quantitative estimates that Nydia M. Velázquez is worth $750.0K, as of May 14th, 2026. This is the 359th highest net worth in Congress, per our live estimates.
Velázquez has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Nydia M. Velázquez's net worth on Quiver Quantitative's politician page for Velázquez.
Nydia M. Velázquez Bill Proposals
Here are some bills which have recently been proposed by Nydia M. Velázquez:
- H.R.8563: To clarify eligibility for small business loans, and for other purposes.
- H.R.8534: Small Business Territories Support Act
- H.R.8282: Rabbi Michoel Ber Weissmandl Congressional Gold Medal Act of 2026
- H.R.7855: GAAME Act of 2026
- H.R.6905: Argentina Bailout Oversight Act
- H.R.6825: To require Federal monitors and receivers of public housing agencies to testify before the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.
You can track bills proposed by Nydia M. Velázquez on Quiver Quantitative's politician page for Velázquez.
2026 New York's 7th Congressional District Election
There has been approximately $2,540,361 of spending in New York's 7th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 New York's 7th congressional district election.
