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Law of Bases and Starting Points for the Freedom of Argentines

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Argentine Omnibus bill proposed by Javier Milei in 2023
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This article is part of
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Javier Milei's signature

The Law of Bases and Starting Points for the Freedom of Argentines is an extensive economic reform omnibus bill proposed by Argentine President Javier Milei on December 27th, 2023. It was passed in the Argentine Senate and returned to the chamber of deputies on June 12th, 2024, in a 36-36 tie broken by Vice President Victoria Villarruel. The Argentine Chamber of Deputies voted in favor of the bill 147-107 on June 27th along with associated financial reform passing 136-116.

Background

The original bill contained 664 articles, which were modified into a bill with 232 articles. Changes to the original bill included restoring an income tax that was eliminated in 2023, reducing the number of companies privatized, lowering the number of different public emergencies, and modifying a proposed retirement mobility formula.

Content

Provisions in the bill include:

Emergency

  • Conserves the ability to make public emergency declarations, specifically limiting it to issues related to administration, economy, finance, and energy for a one year period.
  • Adds that the Federal Executive report to the Federal Legislature monthly about what actions the delegated powers are doing and the results of the actions in detail.

State Reform

Contracts

  • Empowers the Federal executive to renegotiate or cancel contracts for construction and public works or for supplying goods and services, excluding contracts for "privatization processes, activity promotion regimes, investment, or production stimulus programs".

Energy

  • Grants the Federal Executive the power to adapt laws related to electricity and electrical regulatory frameworks.
  • Creates environmental legislation for hydrocarbon exploration and distribution.
  • Creates the Federal Regulatory Authority for Gas and Electricity to replace the Federal Electricity Regulatory Authority and the Federal Gas Regulatory Authority.

Investments

  • Creates the “Incentive Regime for Large Investments” that establishes and organizes "Large Investments" for the interest of the nation, its provinces, and its municipalities.
  • Renders null and void any local or national measures that limits or "distorts" what is established.

Protests

The omnibus bill was strongly opposed by many leftist political parties, labor unions, and social organizations for limiting labor rights and promoting heavy tax breaks and tariffs in favor of large corporations.

On 12 June, protests erupted in downtown Buenos Aires as the bill was being deliberated in the Senate. Protesters used molotov cocktails, sticks, stones, and other objects to throw at police officers and riot police, and also used gasoline to burn down two cars outside of Congress. Police used water cannons, rubber bullet guns, tear gas canisters, and pepper spray to repel protesters and force them to disperse. At least 20 police officers were injured and over a dozen protesters were arrested. Among the protesters were labor union workers, pensioners, teachers, bankers, and truckers.

The Javier Milei presidency condemned the rioters as "terrorists" who by interrupting the Congress deliberation were "attempting to carry out a coup d’état".

References

  1. ^ "In initial win for Argentine President Milei, senators approve his key bills after violent protests". AP News. 2024-06-12. Retrieved 2024-06-13.
  2. Ward, Susie Violet. "Milei Delivers Key Libertarian Reform Law". Forbes. Retrieved 2024-07-04.
  3. "El texto completo de la Ley Ómnibus que envió Javier Milei al Congreso". infobae (in European Spanish). 2023-12-28. Retrieved 2024-06-13.
  4. "Qué es la Ley Bases que aprobó Diputados y cuáles son los principales puntos". LA NACION (in Spanish). 2024-05-01. Retrieved 2024-06-13.
  5. "Beccar Varela - New Bill of Bases and Starting Points for the Freedom of Argentinians". Beccar Varela. Retrieved 2024-06-13.
  6. "Buenos Aires rocked by clashes over President Milei reforms". www.bbc.com. Retrieved 2024-06-13.
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