Updated Thursday 4.30 p.m.
The Senate debate over a reform bill filed by President Javier Milei aimed at protecting private property was postponed this Thursday after ruling party La Libertad Avanza (LLA) failed to secure enough votes to pass the initiative.
The debate over the bill, which includes a proposal to limit state expropriations and loosen restrictions on the purchase of rural land in Argentina by foreigners, was adjourned until August 6.
The bill
The bill was designed by Deregulation Minister Federico Sturzenegger with the goal of “eliminating illegitimate restrictions that limit the essential content of the right to property, strengthening its protection, and continuing to promote legal certainty,” according to the proposal’s argumentative section.
