Good morning! Pension reform: the real debates begin. The problems hovering around the 2020 Census. Judicial setbacks could force Avianca into bankruptcy
Pension reform: the real debates begin
The House’s Special Committee will kick off activities today. Formed by 49 members and 49 alternates, the body will be responsible for analyzing (in 10 to 40 sittings) the details of the proposal and amend the current bill. The committee’s chairman, Congressman Marcelo Ramos, expects to promote 11 public hearings with up to 60 guests to defend their points of view on the reform.
Mr. Ramos is unsure of how long it will take to pass the bill in the committee—as the government has no interest to introduce it to the floor before it has gathered the necessary votes to approve in two rounds (308 of 513 seats). So far, the government has given no proof of its capability of whipping all the votes. After all, it took 62 days for the bill to pass in the Constitution and Justice Committee—arguably the easiest part of the process. For the sake of comparison, former President Michel Temer’s failed 2016 reform bill passed in 9 days.
Brazil spends more than others with pensions
The...