Milei scores new wins in Congress with approval of key economic bills
A reform of the Central Bank's charter and an update to a law to attract stashed savings passed the Lower House and go to the Senate La entrada Milei scores new wins in Congress with approval of key economic bills se publicó primero en Buenos Aires Herald .
President Javier Milei's economic program gained momentum as the Lower House of Congress passed two key bills, requiring Senate approval to become law. The first bill modifies the Central Bank's charter, shifting its sole responsibility to preserving the Argentine peso's value. This would prevent the bank from financing government spending to curb inflation.
The second bill expands the "Fiscal Innocence" law, which creates a regime to lower the tax evasion threshold. Additionally, the reform lowers fines by 25% and grants a 50% pardon on overdue fines while loosening controls on discrepancies and income thresholds. These bills reflect LLA's continued negotiating power in Congress, despite a mixed result in early August.
Another bill, approved unanimously, lowers the value-added tax on cassava and was supported by Misiones lawmakers. Lastly, deputies authorized Argentina's ratification of the Patent Cooperation Treaty, excluding an international preliminary examination section.
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