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November 9, 2022
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Senate returned to committee the debt restructuring project promoted by Cabildo Abierto

Comisión senado deudas

This Tuesday, the Chamber of Senators decided to return to the Constitution Commission integrated with the Treasury Commission the draft law for the restructuring of the debts of natural persons promoted by Town meetingwhich last week had unanimous approval in the Constitution and Legislation Committee of the Senate plenary last week.

The decision took place after an extensive debate and a fourth intermission after which some senators of the wide frontthe National Party and the Colorado Party proposed the measure that was finally taken.

Although the senators of these parties agreed with the need to legislate to address the situation of the hundreds of thousands of indebted Uruguayans, they disagreed with the solution proposed by Cabildo Abierto.

The white senator, Rodrigo Blas, assured that the decision to deal with this issue is a good “sign”, but said that the law itself is “appalling”.

The Frente Amplio legislator, Mario Bergara, who once presided over the Central Bank, also assured that this initiative is not “a good project. Much less a solution. For Bergara, this project “starts from the basis that financial agents are guilty of indebtedness.” Likewise, he said that the text does not understand “the balances that regulatory bodies must collect on creditors and debtors” in addition to “misrepresenting the importance of financial contracts.”

nuisance lobbyist

The caucus of senators from Cabildo Abierto did not hide their discomfort with the decision to return the text to committee. The leader of the lobbying party, Guido Manini Ríos, for example, questioned the fact that the repairs and modifications in the previous discussion were not made.

“Usurers continue to butcher Uruguayans. It is a serious problem of the indebtedness of thousands and thousands of Uruguayans, with unacceptable usurious interests”, he said during the session.

Senator Guillermo Domenech was critical of the fact that legislators from other parties who initially supported the initiative later retracted it. In dialogue with The R Journalthe legislator described the decision as “disrespectful”.

“In my personal opinion, it is disrespectful to the work of the Constitution Commission, which worked for more than a year on that project,” he said. Then he highlighted: “above all things, it is turning a deaf ear to the claims of the more than 600,000 people categorized as grade 5 (unrecoverable debts) in the Central Bank and the million-odd people in difficulty because they are registered in the clearing ».

“Large sectors of the population who are victims of a law of interest that allows the collection of sums that they would consider usurious anywhere in the world were turned away,” he sentenced.



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