Hundreds of Congressional Bills Target Financial System During Pandemic

The proposals of senators and deputies emerge amid criticism from various sectors over credit access issues to sustain their operations.

RIO DE JANEIRO, BRAZIL - Since the onset of the crisis triggered by the Covid-19 pandemic, legislators have submitted at least 336 bills (among complete laws and amendments to other texts) targeting the financial sector.

While temporary in nature, this "boost agenda" - as the banks refer to the initiatives - covers everything from interest rates for overdrafts and credit cards to tax increases for the sector.

The proposals of senators and deputies emerge amid criticism from various sectors over credit access issues to sustain their operations. In this sense, virtually half of the measures (161) address this issue. More specifically, they . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?