IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.08▲ 0.20% USD/MXN17.33▲ 0.08% USD/CLP924.37▼ 0.72% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.08% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP57.83▼ 0.28% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.10▼ 0.06% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.13% BRENT 83.99 ▼ 6.80% WTI 80.49 ▼ 4.94% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.68% GOLD 4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 ▲ 1.04% SELIC 14.25% EMBRAER 90.49 ▲ 4.14% EMBRAER ADR 71.30 ▲ 4.35% JBS 13.76 ▼ 1.85% JBS BDR 70.09 ▼ 0.86% MBRF3 17.74 ▲ 1.14% MBRFY 3.43 ▼ 0.29% INTER 5.60 — 0.00% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.08 ▲ 0.20% USD/MXN 17.33 ▲ 0.08% USD/CLP 924.37 ▼ 0.72% USD/COP 3,228 ▲ 0.79% USD/PEN 3.39 ▼ 0.08% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 57.83 ▼ 0.28% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.10 ▲ 0.31% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.13% BRENT 83.99 ▼ 6.80% WTI 80.49 ▼ 4.94% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.68% GOLD 4,109 ▲ 1.48% SILVER 58.32 ▲ 1.27% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.38 ▲ 0.23% PETR4 42.86 ▼ 1.29% VALE3 74.29 ▼ 2.61% ITUB4 43.01 ▲ 0.32% BBDC4 18.54 ▲ 0.70% ABEV3 15.83 ▼ 1.00% BBAS3 21.29 ▼ 0.28% B3SA3 15.58 ▼ 0.95% WEGE3 48.53 ▲ 2.82% PRIO3 58.85 ▼ 3.29% SUZB3 43.32 — 0.00% RENT3 38.11 ▲ 1.33% AZZA3 16.16 ▼ 1.58% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.70 ▲ 4.25% GMAT3 4.00 ▼ 0.74% PSSA3 54.13 ▼ 1.04% CVCB3 1.42 ▲ 8.40% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.53 ▲ 1.79% BRKM5 5.91 ▼ 1.01% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.70 ▼ 0.18% USIM5 7.57 ▲ 2.85% GGBR4 25.43 ▲ 1.80% ENEV3 26.80 ▲ 1.86% CPFE3 45.90 ▼ 0.52% CMIG4 11.29 ▼ 0.44% EQTL3 38.88 ▲ 0.57% LREN3 13.85 ▲ 1.84% VIVT3 32.35 ▼ 0.86% RAIL3 14.15 ▼ 2.01% KLABIN 18.35 ▲ 0.55% RAIA DROGASIL 18.66 ▲ 0.97% RDOR3 34.04 ▼ 1.73% HAPV3 11.92 ▲ 5.67% FLRY3 17.28 ▲ 0.82% SMTO3 14.38 ▼ 0.96% UGPA3 33.11 ▲ 0.18% VBBR3 36.29 ▲ 0.67% BBSE3 41.37 ▲ 0.27% BPAC11 57.28 ▲ 0.85% CURY3 31.55 ▲ 4.85% AERI3 2.14 ▼ 0.47% VIVARA 22.87 ▲ 3.11% COMPASS 24.91 ▲ 0.28% VAMOS 3.29 ▼ 1.50% SANB11 28.96 ▲ 1.19% ASAI3 8.49 ▼ 0.12% SBSP3 27.44 ▼ 0.94% WALMEX 49.72 ▼ 1.05% GMEXICO 212.23 ▲ 2.17% FEMSA 216.73 ▼ 2.13% CEMEX 20.56 ▲ 0.24% GFNORTE 198.25 ▼ 1.16% BIMBO 61.34 ▼ 1.00% TELEVISA 9.61 ▼ 2.04% AMX 21.53 ▼ 2.45% GAP 376.42 ▼ 0.03% ASUR 276.24 ▲ 0.22% OMA 230.46 ▼ 0.38% KOF 185.18 ▼ 1.11% GRUMA 264.29 ▲ 2.35% KIMBER 40.11 ▼ 0.22% SQM-B 61,751 ▼ 1.51% COPEC 6,292 ▼ 0.92% BSANTANDER 79.98 ▼ 1.25% FALABELLA 6,305 ▲ 1.43% ENELAM 87.24 ▼ 0.85% CENCOSUD 1,955 ▲ 0.01% CMPC 1,067 ▲ 1.11% BANCO CHILE 191.08 ▼ 1.36% LATAM AIR 25.25 ▲ 2.06% YPF 8,105 ▼ 2.23% GGAL 7,955 ▲ 0.93% PAMPA 5,505 ▼ 0.90% TXAR 654.00 ▼ 0.83% ALUAR 969.50 ▼ 0.82% TGS 9,860 ▼ 1.89% CEPU 2,375 ▼ 0.88% MIRGOR 1,650 ▼ 89.91% COME 43.30 ▼ 1.66% LOMA NEGRA 3,558 ▼ 1.73% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,383 ▼ 0.57% ECOPETROL 16.61 ▼ 0.98% BANCOLOMBIA 91.06 ▼ 1.58% GRUPO AVAL 5.21 ▼ 1.33% CREDICORP 395.93 ▼ 1.16% SOUTHERN COPPER 186.69 ▲ 2.18% BUENAVENTURA 30.42 ▲ 0.46% MERCADOLIBRE 1,899 ▲ 1.10% NUBANK 14.48 ▲ 1.01% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.33 ▼ 0.44% GLOBANT 37.60 ▲ 2.73% TECNOGLASS 46.34 ▲ 6.68% GAP AIRPORT 217.46 ▲ 0.05% ASUR 276.24 ▲ 0.22% OMA AIRPORT 106.47 ▼ 0.40% AMX ADR 24.82 ▼ 2.09% FEMSA ADR 124.95 ▼ 2.38% CEMEX ADR 11.86 ▲ 0.30% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.73 ▲ 0.97% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.94% GERDAU 5.02 ▲ 1.11% LATAM ADR 54.48 ▲ 3.26% BTC 63,833 ▲ 0.55% ETH 1,869 ▼ 0.73% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.47% BNB 591.30 ▲ 0.64% ADA 0.19 ▲ 2.18% DOGE 0.07 ▼ 0.54% AVAX 6.57 ▲ 0.45% LINK 8.24 ▼ 1.58% DOT 0.83 ▲ 3.70% LTC 44.26 ▼ 0.84% BCH 213.75 ▲ 0.58% TRX 0.33 ▲ 0.69% XLM 0.17 ▼ 1.17% HBAR 0.07 ▲ 0.72% NEAR 1.74 ▲ 1.48% ATOM 1.37 ▲ 8.55% AAVE 92.96 ▲ 1.04% SELIC 14.25% EMBRAER 90.49 ▲ 4.14% EMBRAER ADR 71.30 ▲ 4.35% JBS 13.76 ▼ 1.85% JBS BDR 70.09 ▼ 0.86% MBRF3 17.74 ▲ 1.14% MBRFY 3.43 ▼ 0.29% INTER 5.60 — 0.00%
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Brazil Politics - Brazil

Chamber’s Special Committee Endorses Brazil’s Welfare Reform Text

By · July 14, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – The special committee on the welfare reform in the Chamber of Deputies passed the text of the Proposed Constitutional Amendment (PEC 6/19) in the early hours of Saturday, July 13th, by 35 votes in favor and 12 against, which will be voted in a second round by the Chamber’s plenary.

The special committee on the welfare reform in the Chamber of Deputies.
The special committee on the welfare reform in the Chamber of Deputies. (Photo internet reproduction/G1)
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A formal stage in the procedure, deputies took nearly four hours to complete voting on the matter, after the session had finalized discussions.

The session was marked by criticism from opposition deputies and an attempt to obstruct the session in order to postpone or hinder the conclusion of the PEC process.

With this approval, the committee endorsed the draft of the text prepared by the rapporteur on the proposal, deputy Samuel Moreira. In the next stage of the process, the second round of voting, deputies may no longer amend the text. Under the regulations, deputies may only withdraw excerpts, the so-called “suppressive amendments”.

Voting on the second round of the Social Welfare reform in the Chamber of Deputies will be held on August 6th, as recently confirmed by Chamber President Rodrigo Maia. In an interview after the voting was completed, he explained that the decision was made due to concerns that the low quorum would compromise the text passed in the first round.

“It wasn’t realistic to end tomorrow with today’s quorum,” he said. “This is a multiparty construction, and this is what was built,” he added.

Senate

Rogério Marinho, the special secretary for Social Welfare and Labor of the Ministry of Economy, said he believes the Senate will approve the reform in September. If the senators reinclude the states and municipalities in the reform, Marinho argues that the subject should be addressed in a separate proposed amendment to the Constitution so as not to impact the deadlines.

When it is passed in the second round vote by the Chamber of Deputies, the proposal will be forwarded to the Senate, where it is analyzed exclusively by the Committee on Constitution and Justice and by the full chamber. There is no special committee. Legislators are also required to pass the PEC in two rounds in plenary session voting. Three-fifths of the total Senate seats, representing 49 votes in favor, are required for approval in each round.

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