Executive branch introduced legislative urgencies to banking modernization and fight against bribery bills
17 agosto 2018

On Tuesday, August 14th, the President Sebastián Piñera introduced 27 legislative urgencies in the National Congress. These include the sum qualification for two bills of interest to the financial sector. The first is the modernization of banking legislation (Expte. No. 11269), which is awaiting debate by the Senate’s floor. The second is the bill that increases penalties for bribery (Expte. No 10739), currently under discussion in a Joint Committee that is trying to resolve the differences between the two chambers of congress regarding its content.

Urgencies are a tool that the Chilean Executive Branch has to guide and establish priorities for legislative discussion. They establish temporary deadlines to pass bills. There are three types: immediate (up to 6 days), sum (15 days) and simple (30 days). However, failure to comply with these deadlines does not generate any legislative effect on the bill.

The current parliamentary weakness of Chile Vamos, President Piñera’s ruling coalition, together to its inability to agree with the opposition parties, have led to the failure to comply with the urgencies by the Congress. We can argue that, as long as the Executive does not manage to negotiate with the opposition parties, these urgencies will not have real effects on the legislative process. A clear example of this is that on July 18th the Executive introduced the same urgencies for the first two bills and yet these bills were not passed.

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