Congress maintains veto on Eletrobras privatization law

Congress maintains veto on Eletrobras privatization law

The leaders of the Chamber and Senate signed an agreement during the session of the National Congress this Tuesday (5th) for the collective vote of several presidential vetoes, both to overturn them and to maintain them. Among those that were maintained are those that deal, for example, with issues in the area of ​​social security and with respect to public employees of Eletrobras.Congress maintains veto on Eletrobras privatization law

social Security

Under the agreement, the vetoes maintained and overturned were voted on as a block, in a single vote. Among those maintained, is the veto of the law that includes lupus and epilepsy in the list of diseases that would not have a grace period for granting sickness benefit and disability retirement benefits.

In the government’s justification, the law “would create mandatory expenditure without presenting an estimate of the respective budgetary and financial impact”.


Another veto maintained concerns the privatization of Eletrobras. The passage vetoed by the President of the Republic provided that Eletrobras employees could buy shares in the company, with up to 1% of the remaining shares held by the Federal Government. This purchase would be made in the form of converting the termination of employment into shares.

To justify the veto, the government stated that “the prior definition of an offer whose price would be set at a discount in relation to that practiced in the market could cause distortion in the pricing process of new shares”.

The veto that allowed the Public Power to take advantage of Eletrobras employees dismissed without just cause in other federal public companies was also maintained. To justify the veto, the government stated that the passage “violates the principle of public tender” and “compromises the planning of federal state-owned companies”.

photographic equipment

Congress also maintained the veto of the law that exempts from import taxes equipment for the exclusive use of the professions of photographer, photographic and cinematographic reporter, cameraman and camera operator. According to the government, the project did not provide an estimate of the financial impact of the measure and did not indicate “necessary compensatory measures”.

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