IBOV 173,885.34 ▼ 1.52% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,233,105 ▼ 0.71% COLCAP 2,304.68 ▲ 0.15% BVL PERÚ 57,237.60 — — USD/BRL 5.12 — 0.00% USD/MXN17.48▲ 0.23% USD/CLP932.73▲ 0.20% USD/COP3,190▼ 0.67% USD/PEN3.39▼ 0.35% USD/ARS1,495▼ 0.03% USD/UYU40.21▲ 1.46% USD/PYG5,987▲ 1.47% USD/BOB11.70▲ 4.30% USD/DOP58.01▲ 0.19% USD/CRC449.99▲ 1.67% USD/GTQ7.62▲ 2.31% USD/HNL26.76▲ 0.30% USD/NIO36.62▼ 0.15% USD/VES743.77▲ 0.25% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.40% USD/TTD6.75▲ 1.16% EUR/BRL5.86▲ 0.25% BRENT 92.63 ▲ 2.08% WTI 85.64 ▲ 1.40% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.50% GOLD 4,094 ▲ 1.48% SILVER 57.50 ▼ 0.64% SOY 1,190 ▲ 1.04% CORN 470.25 ▲ 4.73% WHEAT 668.75 ▲ 1.21% COFFEE 326.60 ▼ 3.77% SUGAR 14.50 ▼ 0.34% ORANGE JUICE 137.95 ▲ 0.80% COTTON 79.38 ▲ 0.21% COCOA 5,169 ▼ 0.62% BEEF 224.13 ▼ 1.47% CATTLE 339.05 ▼ 1.17% LITHIUM 66.74 ▼ 0.33% PETR4 42.00 ▲ 1.92% VALE3 75.05 ▼ 0.85% ITUB4 41.82 ▼ 2.43% BBDC4 18.35 ▼ 2.24% ABEV3 15.90 ▼ 1.24% BBAS3 20.78 ▼ 0.24% B3SA3 15.32 ▼ 4.25% WEGE3 45.64 ▼ 2.27% PRIO3 58.41 ▲ 2.89% SUZB3 42.30 ▼ 1.86% RENT3 37.44 ▼ 2.42% AZZA3 16.15 ▼ 5.83% CSAN3 3.89 ▼ 2.75% RAIZ4 0.26 ▼ 3.70% PCAR3 2.81 ▲ 2.55% GMAT3 3.89 ▼ 0.77% PSSA3 53.81 ▼ 2.00% CVCB3 1.28 ▼ 3.03% POSI3 3.55 ▼ 1.39% SLCE3 13.09 ▼ 0.53% NATU3 8.27 ▼ 0.84% BRKM5 5.72 ▼ 4.03% RANI3 7.96 ▼ 2.09% CSNA3 5.20 ▼ 7.80% CMIN3 5.98 ▲ 0.34% USIM5 8.32 ▼ 4.26% GGBR4 24.79 ▼ 1.39% ENEV3 25.87 ▲ 0.08% CPFE3 44.79 ▼ 2.55% CMIG4 11.00 ▼ 1.70% EQTL3 37.82 ▼ 2.60% LREN3 13.36 ▼ 3.88% VIVT3 32.54 ▼ 3.81% RAIL3 13.95 ▼ 0.92% KLABIN 18.02 ▼ 0.11% RAIA DROGASIL 17.76 ▼ 2.42% RDOR3 33.85 ▼ 1.37% HAPV3 10.55 ▼ 0.47% FLRY3 16.83 ▼ 1.35% SMTO3 14.27 ▼ 0.21% UGPA3 32.00 ▼ 1.39% VBBR3 34.60 ▼ 1.51% BBSE3 40.92 ▼ 0.70% BPAC11 54.66 ▼ 2.11% CURY3 28.85 ▼ 4.15% AERI3 2.11 ▲ 0.96% VIVARA 22.35 ▼ 1.15% COMPASS 24.21 ▼ 4.00% VAMOS 3.31 ▼ 0.60% SANB11 25.63 ▼ 7.37% ASAI3 8.30 ▲ 0.73% SBSP3 26.61 ▼ 5.87% WALMEX 49.54 ▲ 1.58% GMEXICO 207.79 ▼ 1.01% FEMSA 211.26 ▼ 5.23% CEMEX 20.51 ▼ 2.10% GFNORTE 197.01 ▼ 1.31% BIMBO 59.88 ▲ 0.64% TELEVISA 9.86 ▲ 0.31% AMX 21.77 ▼ 3.24% GAP 379.85 ▲ 0.56% ASUR 271.97 ▲ 0.29% OMA 233.18 ▼ 0.75% KOF 186.22 ▼ 1.90% GRUMA 267.17 ▼ 0.29% KIMBER 40.44 ▼ 0.49% SQM-B 63,799 ▲ 2.08% COPEC 6,190 ▼ 1.75% BSANTANDER 80.24 ▲ 1.42% FALABELLA 6,216 ▲ 1.88% ENELAM 86.69 ▲ 1.04% CENCOSUD 1,919 ▲ 1.00% CMPC 1,035 ▲ 0.01% BANCO CHILE 191.00 ▲ 1.00% LATAM AIR 24.40 ▼ 2.40% YPF 79,600 ▲ 0.09% GGAL 7,795 ▼ 0.76% PAMPA 5,380 ▼ 1.28% TXAR 658.00 ▼ 1.64% ALUAR 976.00 ▼ 1.21% TGS 9,490 ▲ 0.26% CEPU 2,294 ▼ 1.76% MIRGOR 16,600 ▲ 0.45% COME 42.55 ▲ 0.07% LOMA NEGRA 3,648 ▲ 0.07% BYMA 298.00 ▼ 0.75% TELECOM ARG 4,305 ▼ 0.69% ECOPETROL 16.40 ▲ 3.60% BANCOLOMBIA 89.47 ▲ 0.45% GRUPO AVAL 4.90 ▲ 0.41% CREDICORP 383.93 ▼ 1.29% SOUTHERN COPPER 175.47 ▼ 1.95% BUENAVENTURA 30.21 ▼ 0.56% MERCADOLIBRE 1,863 ▲ 0.04% NUBANK 14.04 ▼ 4.36% XP 16.31 ▼ 2.92% PAGSEGURO 9.54 ▼ 0.73% STONE 10.96 ▼ 1.79% GLOBANT 38.15 ▲ 8.66% TECNOGLASS 44.88 ▼ 4.96% GAP AIRPORT 216.97 ▼ 0.24% ASUR 271.97 ▲ 0.29% OMA AIRPORT 106.38 ▼ 1.75% AMX ADR 24.87 ▼ 3.27% FEMSA ADR 121.06 ▼ 5.22% CEMEX ADR 11.70 ▼ 2.50% PETROBRAS ADR 18.59 ▲ 2.88% VALE ADR 14.65 ▼ 0.34% ITAU ADR 8.15 ▼ 1.93% SANTANDER BR 5.10 ▼ 6.93% AMBEV ADR 3.10 ▼ 0.96% CSN 1.03 ▼ 6.36% GERDAU 4.86 ▼ 1.82% LATAM ADR 52.05 ▼ 2.76% BTC 63,924 ▲ 0.02% ETH 1,900 ▼ 0.43% SOL 73.52 ▼ 0.10% XRP 1.07 ▲ 0.07% BNB 572.13 ▲ 0.13% ADA 0.16 ▲ 0.36% DOGE 0.07 ▼ 0.32% AVAX 6.44 ▲ 0.30% LINK 8.27 ▼ 0.67% DOT 0.76 ▲ 0.31% LTC 45.44 ▲ 0.07% BCH 210.50 ▼ 0.30% TRX 0.33 ▲ 0.31% XLM 0.17 ▼ 0.24% HBAR 0.07 — 0.00% NEAR 1.63 ▲ 0.87% ATOM 1.28 ▼ 0.17% AAVE 95.80 ▼ 0.26% SELIC 14.25% EMBRAER 86.09 ▼ 3.12% EMBRAER ADR 67.66 ▼ 2.07% JBS 14.23 ▲ 2.15% JBS BDR 72.38 ▲ 2.56% MBRF3 16.66 ▲ 2.21% MBRFY 3.18 ▲ 0.95% INTER 5.41 ▼ 3.22% EGX 53,627 ▼ 0.19% USD/ZAR16.71▲ 0.33% USD/NGN 1,363 — 0.00% NIKKEI 61,730 ▲ 0.48% CSI300 4,588 ▼ 0.26% HSI 25,875 ▲ 0.26% NIFTY 24,259 ▲ 0.04% KOSPI 5,578 ▼ 1.51% JCI 6,148 ▲ 0.93% USD/JPY163.61▲ 0.13% USD/CNY6.76▼ 0.13% DAX 25,460 ▼ 0.01% CAC 8,408 ▼ 0.60% FTSE 10,908 ▲ 0.34% MIB 51,443 ▼ 0.49% IBEX 19,413 ▼ 1.59% STOXX 645.01 ▼ 0.29% EUR/USD1.14▼ 0.17% GBP/USD1.33▲ 0.38% SPX 7,316 ▼ 1.52% DJI 51,594 ▼ 2.19% NDX 27,192 ▼ 2.06% RUT 2,906 ▼ 1.61% TSX 35,334 ▼ 1.16% VIX 20.66 ▲ 13.45% USD/CAD1.41▲ 0.07% US10Y 4.6220 ▲ 0.39% IBOV 173,885.34 ▼ 1.52% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,233,105 ▼ 0.71% COLCAP 2,304.68 ▲ 0.15% BVL PERÚ 57,237.60 — — USD/BRL 5.12 — 0.00% USD/MXN 17.47 ▲ 0.17% USD/CLP 932.73 ▲ 0.20% USD/COP 3,190 ▼ 0.67% USD/PEN 3.39 ▼ 0.35% USD/ARS 1,495 ▼ 0.03% USD/UYU 40.21 ▲ 1.45% USD/PYG 5,987 ▲ 1.47% USD/BOB 11.70 ▲ 4.30% USD/DOP 58.01 ▲ 0.19% USD/CRC 449.99 ▲ 1.67% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.76 ▲ 0.30% USD/NIO 36.62 ▼ 0.15% USD/VES 743.77 ▲ 0.25% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.40% USD/TTD 6.75 ▲ 1.16% EUR/BRL 5.86 ▲ 0.25% BRENT 92.63 ▲ 2.08% WTI 85.64 ▲ 1.40% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.50% GOLD 4,094 ▲ 1.48% SILVER 57.50 ▼ 0.64% SOY 1,190 ▲ 1.04% CORN 470.25 ▲ 4.73% WHEAT 668.75 ▲ 1.21% COFFEE 326.60 ▼ 3.77% SUGAR 14.50 ▼ 0.34% ORANGE JUICE 137.95 ▲ 0.80% COTTON 79.38 ▲ 0.21% COCOA 5,169 ▼ 0.62% BEEF 224.13 ▼ 1.47% CATTLE 339.05 ▼ 1.17% LITHIUM 66.74 ▼ 0.33% PETR4 42.00 ▲ 1.92% VALE3 75.05 ▼ 0.85% ITUB4 41.82 ▼ 2.43% BBDC4 18.35 ▼ 2.24% ABEV3 15.90 ▼ 1.24% BBAS3 20.78 ▼ 0.24% B3SA3 15.32 ▼ 4.25% WEGE3 45.64 ▼ 2.27% PRIO3 58.41 ▲ 2.89% SUZB3 42.30 ▼ 1.86% RENT3 37.44 ▼ 2.42% AZZA3 16.15 ▼ 5.83% CSAN3 3.89 ▼ 2.75% RAIZ4 0.26 ▼ 3.70% PCAR3 2.81 ▲ 2.55% GMAT3 3.89 ▼ 0.77% PSSA3 53.81 ▼ 2.00% CVCB3 1.28 ▼ 3.03% POSI3 3.55 ▼ 1.39% SLCE3 13.09 ▼ 0.53% NATU3 8.27 ▼ 0.84% BRKM5 5.72 ▼ 4.03% RANI3 7.96 ▼ 2.09% CSNA3 5.20 ▼ 7.80% CMIN3 5.98 ▲ 0.34% USIM5 8.32 ▼ 4.26% GGBR4 24.79 ▼ 1.39% ENEV3 25.87 ▲ 0.08% CPFE3 44.79 ▼ 2.55% CMIG4 11.00 ▼ 1.70% EQTL3 37.82 ▼ 2.60% LREN3 13.36 ▼ 3.88% VIVT3 32.54 ▼ 3.81% RAIL3 13.95 ▼ 0.92% KLABIN 18.02 ▼ 0.11% RAIA DROGASIL 17.76 ▼ 2.42% RDOR3 33.85 ▼ 1.37% HAPV3 10.55 ▼ 0.47% FLRY3 16.83 ▼ 1.35% SMTO3 14.27 ▼ 0.21% UGPA3 32.00 ▼ 1.39% VBBR3 34.60 ▼ 1.51% BBSE3 40.92 ▼ 0.70% BPAC11 54.66 ▼ 2.11% CURY3 28.85 ▼ 4.15% AERI3 2.11 ▲ 0.96% VIVARA 22.35 ▼ 1.15% COMPASS 24.21 ▼ 4.00% VAMOS 3.31 ▼ 0.60% SANB11 25.63 ▼ 7.37% ASAI3 8.30 ▲ 0.73% SBSP3 26.61 ▼ 5.87% WALMEX 49.54 ▲ 1.58% GMEXICO 207.79 ▼ 1.01% FEMSA 211.26 ▼ 5.23% CEMEX 20.51 ▼ 2.10% GFNORTE 197.01 ▼ 1.31% BIMBO 59.88 ▲ 0.64% TELEVISA 9.86 ▲ 0.31% AMX 21.77 ▼ 3.24% GAP 379.85 ▲ 0.56% ASUR 271.97 ▲ 0.29% OMA 233.18 ▼ 0.75% KOF 186.22 ▼ 1.90% GRUMA 267.17 ▼ 0.29% KIMBER 40.44 ▼ 0.49% SQM-B 63,799 ▲ 2.08% COPEC 6,190 ▼ 1.75% BSANTANDER 80.24 ▲ 1.42% FALABELLA 6,216 ▲ 1.88% ENELAM 86.69 ▲ 1.04% CENCOSUD 1,919 ▲ 1.00% CMPC 1,035 ▲ 0.01% BANCO CHILE 191.00 ▲ 1.00% LATAM AIR 24.40 ▼ 2.40% YPF 79,600 ▲ 0.09% GGAL 7,795 ▼ 0.76% PAMPA 5,380 ▼ 1.28% TXAR 658.00 ▼ 1.64% ALUAR 976.00 ▼ 1.21% TGS 9,490 ▲ 0.26% CEPU 2,294 ▼ 1.76% MIRGOR 16,600 ▲ 0.45% COME 42.55 ▲ 0.07% LOMA NEGRA 3,648 ▲ 0.07% BYMA 298.00 ▼ 0.75% TELECOM ARG 4,305 ▼ 0.69% ECOPETROL 16.40 ▲ 3.60% BANCOLOMBIA 89.47 ▲ 0.45% GRUPO AVAL 4.90 ▲ 0.41% CREDICORP 383.93 ▼ 1.29% SOUTHERN COPPER 175.47 ▼ 1.95% BUENAVENTURA 30.21 ▼ 0.56% MERCADOLIBRE 1,863 ▲ 0.04% NUBANK 14.04 ▼ 4.36% XP 16.31 ▼ 2.92% PAGSEGURO 9.54 ▼ 0.73% STONE 10.96 ▼ 1.79% GLOBANT 38.15 ▲ 8.66% TECNOGLASS 44.88 ▼ 4.96% GAP AIRPORT 216.97 ▼ 0.24% ASUR 271.97 ▲ 0.29% OMA AIRPORT 106.38 ▼ 1.75% AMX ADR 24.87 ▼ 3.27% FEMSA ADR 121.06 ▼ 5.22% CEMEX ADR 11.70 ▼ 2.50% PETROBRAS ADR 18.59 ▲ 2.88% VALE ADR 14.65 ▼ 0.34% ITAU ADR 8.15 ▼ 1.93% SANTANDER BR 5.10 ▼ 6.93% AMBEV ADR 3.10 ▼ 0.96% CSN 1.03 ▼ 6.36% GERDAU 4.86 ▼ 1.82% LATAM ADR 52.05 ▼ 2.76% BTC 63,924 ▲ 0.02% ETH 1,900 ▼ 0.43% SOL 73.52 ▼ 0.10% XRP 1.07 ▲ 0.07% BNB 572.13 ▲ 0.13% ADA 0.16 ▲ 0.36% DOGE 0.07 ▼ 0.32% AVAX 6.44 ▲ 0.30% LINK 8.27 ▼ 0.67% DOT 0.76 ▲ 0.31% LTC 45.44 ▲ 0.07% BCH 210.50 ▼ 0.30% TRX 0.33 ▲ 0.31% XLM 0.17 ▼ 0.24% HBAR 0.07 — 0.00% NEAR 1.63 ▲ 0.87% ATOM 1.28 ▼ 0.17% AAVE 95.80 ▼ 0.26% SELIC 14.25% EMBRAER 86.09 ▼ 3.12% EMBRAER ADR 67.66 ▼ 2.07% JBS 14.23 ▲ 2.15% JBS BDR 72.38 ▲ 2.56% MBRF3 16.66 ▲ 2.21% MBRFY 3.18 ▲ 0.95% INTER 5.41 ▼ 3.22% EGX 53,627 ▼ 0.19% USD/ZAR 16.70 ▲ 0.15% USD/NGN 1,363 — 0.00% NIKKEI 61,730 ▲ 0.48% CSI300 4,588 ▼ 0.26% HSI 25,875 ▲ 0.26% NIFTY 24,259 ▲ 0.04% KOSPI 5,578 ▼ 1.51% JCI 6,148 ▲ 0.93% USD/JPY 163.59 ▲ 0.13% USD/CNY 6.7575 ▲ 0.05% DAX 25,460 ▼ 0.01% CAC 8,408 ▼ 0.60% FTSE 10,908 ▲ 0.34% MIB 51,443 ▼ 0.49% IBEX 19,413 ▼ 1.59% STOXX 645.01 ▼ 0.29% EUR/USD 1.1448 ▼ 0.15% GBP/USD 1.3336 ▼ 0.22% SPX 7,316 ▼ 1.52% DJI 51,594 ▼ 2.19% NDX 27,192 ▼ 2.06% RUT 2,906 ▼ 1.61% TSX 35,334 ▼ 1.16% VIX 20.66 ▲ 13.45% USD/CAD 1.4056 ▲ 0.11% US10Y 4.6220 ▲ 0.39%
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Congress Overrides Veto, Reinstates Longer Jail Terms for Fake News Purveyors

By · August 29, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – On Wednesday, August 28th, the Brazilian Congress overrode a veto by President Jair Bolsonaro regarding the spreading of fake news. In June 2019, the President vetoed the article in Law 13.834/2019 that increased the penalty on those who repeated or reproduced false news involving candidates for electoral purposes.

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The National Congress building in Brasília. (Photo internet reproduction)
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In all, 326 deputies and 48 senators were in favor of overriding the veto. As of now, therefore, those who produce or merely reproduce fake electoral news may face from two to eight years in prison.

For the time being, it is still unclear as to how any investigation will be conducted, and the confirmation of each rumor will be defined. Besides, a verdict will only be rendered once it is proven that the accused was aware of the victim’s innocence and acted in sheer bad faith. In other words, not all fake reproductions will be deemed crimes.

According to the news agency of the Federal Senate, Bolsonaro had justified his veto by pointing out that slander for electoral purposes “is currently defined in another provision of the Electoral Code” with a penalty of between six months and two years of imprisonment.

Therefore, according to the president, equating the penalty for reproduction with that for production would be a violation of the “principle of proportionality”, since the liability and culpability of whoever creates the fake news should be greater. The crime of “slanderous denunciation for electoral purposes” has existed in Brazil since 1965.

The president of Congress, Senator Davi Alcolumbre, further announced that a Joint Parliamentary Inquiry Committee (CPMI) would be instated to “investigate false news”, which should more accurately specify the workings of the law.

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