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Presidential decree reaches the Argentine Senate

Buenos Aires, Jan 5 (Prensa Latina) The Argentine Government sent to the Senate the Decree of Necessity and Urgency (DNU) 70/2023, which modifies or repeals more than 300 laws and is criticized by unions, social organizations and citizens.

Announced by President Javier Milei on December 20, the DNU provides for the disarmament of regulations such as rentals, supply, land, industrial and commercial promotion.

It also approves the reform of the labor regime, aims at the privatization of public companies, modifies the Civil and Commercial Code, changes the regulatory framework for prepaid medicine and social works.

The decree must be analyzed by a Bicameral Legislative Procedure Commission, made up of eight senators and eight deputies.

If said entity does not meet and issues an opinion within a period of 10 business days, the document will have to be debated in the plenary session of each chamber of Congress.

The DNU will be in force as long as it is not rejected by the absolute majority of these organizations.

If one of them approves it or Congress does not express itself, it will remain firm.

ef/lam/gas

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