The Lower House is set to debate on Wednesday two bills filed by President Javier Milei aimed at reforming the Central Bank’s charter and offering more incentives for people to bring their stashed dollars into the formal economy.
The two bills are key parts of Milei’s legislative agenda for 2026. If they pass, they still need Senate approval to become law.
Ruling party La Libertad Avanza (LLA) agreed to also add several proposals from smaller provincial blocs to the agenda in order to secure more support for the session, such as lowering the value-added tax on cassava at the request of Misiones lawmakers.
The decision to also debate the opposition’s proposals follows a mixed win in early August, when the government’s Private Property Rights reform bill passed the Senate in general terms, but LLA had to drop what it considered its most important provisions due to a significant lack of opposition support.
The reform originally sought to modify the Land Law, which protects rural and natural areas, to allow foreigners to purchase up to 25% of Argentina’s territory. It also allowed land burned by wildfires to be sold and used for other purposes. Neither of those proposals were approved.
