Milei’s Sweeping Deregulation Plan Passes First Senate Hurdle

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Milei’s Sweeping Deregulation Plan Passes First Senate Hurdle
Javier MileiUpper ChamberOmnibus Bill
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(Bloomberg) -- President Javier Milei’s main legislative attempt to deregulate Argentina’s economy is one step closer to a decisive vote after weeks of...

-- President Javier Milei ’s main legislative attempt to deregulate Argentina’s economy is one step closer to a decisive vote after weeks of stalemate in the opposition-controlled upper chamber .Members of the general, budget and constitutional committees approved sending the so-called omnibus bill to all senators. Lawmakers achieved “dictamen,” or consensus, Wednesday night on moving to a Senate floor vote, which by law is at least a week away.

Milei was hoping to get the bill approved and sign a pact with the nation’s governors by May 25, a national holiday, but ended up holding a solo event instead. Amid the stalemate, the president fired his cabinet chief Nicolas Posse, replacing him Tuesday night with former Interior Minister Guillermo Francos. Francos spent his first day on the job discussing the bill with Senate bloc leaders.

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