Areas of Practice
- University of Virginia School of Law, J.D., 1985
- Georgetown University, B.S.F.S., 1982
Bar & Court Admissions
- District of Columbia
- Puerto Rico
- US Court of Appeals, Second Circuit
Washington DC 20036
TEL: +1 202 429 8015
FAX: +1 202 429 3902
Former Governor of Puerto Rico Luis G. Fortuño is a partner in Steptoe's Washington office, where he is a member of the Corporate, Securities & Finance Group and the Government Affairs and Public Policy Group. He is also involved in Steptoe’s Latin American practice. In private practice, Mr. Fortuño has represented Fortune 500 companies in regulatory, financial, real estate, mergers and acquisitions, and other corporate matters throughout Latin America.
Under Mr. Fortuño’s leadership as governor, between 2009 and 2013, Puerto Rico implemented the largest tax cut in the territory’s history, right-sized its government, reined in deficit spending, and developed new sources of government revenue. As a result, in the last year of his term, Puerto Rico experienced economic growth for the first time in six years. Additionally, Mr. Fortuño’s signature public-private partnerships law paved the way for two of the largest recent infrastructure investments in the US, one in Puerto Rico’s highway system and the island’s main international airport. Other P3 transactions during his tenure included schools, energy projects and ferry services.
Following law school graduation, Mr. Fortuño joined the corporate practice of a leading Puerto Rico law firm. In 1993, he was appointed executive director of the Puerto Rico Tourism Company and president of Puerto Rico's Hotel Development Corporation. In 1994, Mr. Fortuño was appointed Puerto Rico's Secretary of Economic Development and Commerce, a position he held until 1997, when he returned to private practice for another eight years. During his time at the law practice, he negotiated the privatization of bus services in parts of Puerto Rico, the sale of government-owned hotels, and myriad commercial and real estate financing transactions.
Since 2001, Mr. Fortuño has served as Puerto Rico’s National Committeeman at the Republican National Committee. In the 2004 general elections, Mr. Fortuño was elected as Puerto Rico’s sole representative in the US House of Representatives. His peers in Congress then elected him vice-president of the House Republican freshman class. He also served as vice-chair of the Congressional Hispanic Conference during the 109th Congress and as chair during the 110th Congress. Additionally, he served as co-chair of the Congressional Friends of Spain Caucus. In 2007, he was appointed as the Republican minority's Ranking Member on the Subcommittee on Insular Affairs for the 110th Congress. He also served as a member of the following House committees: Transportation and Infrastructure, Natural Resources, International Relations, and Education and Workforce.
Mr. Fortuño is a member of the American Law Institute. He served as President of the Council of State Governments (2011-2012) and as Chairman of the Southern Governors Association (2011-2012). He also served on the Board of Directors of the Center for Best Practices of the National Governors Association (2010-2012) and was appointed by President Obama to be one of ten governors serving in the Council of Governors (2010-2012). He currently serves on the International Advisory Board of a publicly traded company, Georgetown University’s Latin American Board, and the Board of Directors of the Republican State Leadership Committee, American Action Network, Congressional Leadership Fund and The American Conservative Union, as well as the Advisory Board of the International Republican Institute.
- Puerto Rico's Current Debt Crisis, CNBC Squawk on the Street interview, June 30, 2015
- "Examining Procedures Regarding Puerto Rico's Political Status and Economic Outlook," House Committee on Natural Resources, Subcommittee on Indian, Insular, and Alaska Native Affairs, June 24, 2015
- "What's Next for Puerto Rico," National Federation of Municipal Analysts' 32nd Annual Conference, Las Vegas, Nevada, May 14, 2015
- National Review’s Post-Election Discussion, November 2014
- “The Role of Hispanics in America,” Office of the Comptroller of the Currency, Washington, DC, October 2014
- “Impacting Economic Development in the Hispanic Community,” Hispanic Chamber of Commerce of Metro Orlando and the Libre Initiative, Valencia College, October 2014
- “Knowledge Economy in the 21st Century,” Universidad Metropolitana, September 2014
- “The Status of Puerto Rico Dilemma,” George Washington University’s Elliott School, September 2014
- “Role of Public Private Partnerships in Infrastructure Development,” Associated General Contractors Conference, Washington, DC, June 2014
- “P3s: A Government Perspective from Outside the Fence,” Associated General Contractors of America, Mayflower Hotel, Washington, DC, June 2014
- "Development Agenda for the Caribbean," Iberoamerican University and Central Eastern University, Dominican Republic, May 2014
- "Puerto Rico Fiscal Situation," Boston Municipal Analysts Forum, March 13, 2014
- "The Market Potential of Latin America," Conservative Political Action Conference, March 8, 2014
- "Constitutional and Legal Implications of the Status of Puerto Rico Discussion," Georgetown University Law Center, January 29, 2014
- "Business Opportunities in Latin America," Cobb County Chamber of Commerce, October 28, 2013
- “The Free Trade Agreement Between the US and the EU,” Congressional Hispanic Leadership Institute, October 9, 2013
- Keynote speaker, “Can-Do States: A New Era for Infrastructure Investment,” Brookings Institution, July 12, 2013
- “The Use of P-3s in Social Infrastructure Projects,” High-Performance Building Congressional Caucus (US Congress), July 10, 2013
- “Public-Private Partnerships in Infrastructure Projects,” International Transportation and Logistics Conference, May 7, 2013
- “Infrastructure Financing for Cities,” Clinton Global Initiative & US Chamber of Commerce, April 19, 2013
- Keynote speaker, “Public-Private Partnerships in Puerto Rico,” Tunnel and Turnpike Association’s Annual Transportation Finance and Mileage-Based User Fee Symposium, April 15, 2013
Select News & Events
- Luis Fortuño Appears on CNBC to Discuss Puerto Rico's Debt Default Threat
- Co-leader of International Observers' Group During Panama's Presidential Election, May 4, 2014
- ClimateWire Features Luis Fortuño’s Comments on Fuel Efficiency, Gas Taxes