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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: wl9839 who wrote (15420)	5/20/1999 8:49:00 AM
From: wl9839	Read Replies (1) \| Respond to of 22640

Chamber approves rules limiting presidential powers São Paulo, 20 - The Chamber of Deputies approved Wednesday in first round voting an amendment regulating the editing of Provisional Measures (MP's) by the Brazilian President. The proposal passed by 453 votes in favor, 1 against and 1 abstention. With the new rules, MP's will remain in effect for 60 days and could be extended for an equivalent period, but the President will no longer be allowed to reedit them. Nowadays, MP's can be reedited for an indefinite number of times. If the new amendment is approved in second round voting, lawmakers will have to vote on MP's within a term of 120 days so as they remain valid. There are at least 88 MP's in line waiting to be voted in Congress. (O Estado de S. Paulo/ Jornal da Tarde/ Jornal do Brasil - edited by Sergio Caldas) Copyright © 1996 Agência Estado. All Rights Reserved.