IBOV 186,505.13 ▲ 0.52% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,071,264 ▲ 1.40% COLCAP 2,526.08 ▲ 0.57% BVL PERÚ 58,965.05 ▲ 1.83% USD/BRL5.14▼ 0.36% USD/MXN17.17▼ 0.46% USD/CLP960.65▲ 0.54% USD/COP3,159▲ 1.19% USD/PEN3.37▲ 0.28% USD/ARS1,510▼ 0.21% USD/UYU40.20▲ 3.11% USD/PYG5,888▲ 2.09% USD/BOB9.75▼ 12.91% USD/DOP58.73▼ 0.20% USD/CRC444.45▲ 2.53% USD/GTQ7.63▲ 3.11% USD/HNL26.85▲ 3.22% USD/NIO36.62▲ 2.69% USD/VES845.33▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.56% EUR/BRL5.89▼ 0.59% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 186,505.13 ▲ 0.52% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,507.11 ▼ 1.11% MERVAL 3,071,264 ▲ 1.40% COLCAP 2,526.08 ▲ 0.57% BVL PERÚ 58,965.05 ▲ 1.83% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Brazil Politics - Brazil

Congressional Muscle: How Brazil’s Parliament Gained Control Over Presidential Decrees

By · December 29, 2024 · 2 min read

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President Lula’s third term faces unprecedented challenges in passing legislation. His government has achieved the lowest approval rate for Provisional Measures (MPs) since 1988. Only 15.87% of the 126 MPs presented have been sanctioned and converted into law. This figure highlights a significant shift in Brazil’s political dynamics.

Provisional Measures, or temprorary decrees, are powerful tools in Brazilian politics. They allow the President to enact immediate laws for urgent matters without initial Congressional approval. MPs remain in effect for up to 120 days, during which Congress must vote to make them permanent. These measures have been crucial in shaping Brazilian policy across various sectors.

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The current situation stems from reforms implemented since 2001. These changes aimed to curb the president’s ability to govern by decree. They set stricter criteria for MPs and limited their validity period. The reforms have forced presidents to negotiate more extensively with Congress, ending the era of easy executive dominance.

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Congressional Muscle: How Brazil’s Parliament Gained Control Over Presidential Decrees

Brazil’s Congress has strengthened its position through recent institutional changes. These alterations have limited the government’s negotiation tools. The shift in power dynamics reflects a broader trend of legislative empowerment. It marks a departure from the time when presidents could easily push their agendas through Congress.

Lula’s administration contests these figures. They claim that only three MPs have actually expired. The government argues that 43 MPs were temporary measures that served their purpose within the validity period. They also state that 20 MPs were directly converted into law, while 32 were incorporated into other bills.

Brazil’s Congress Weakens Lula’s $11.5 Billion Budget Cut Plan

Political scientists point to significant changes in the legislative process. The introduction of mandatory parliamentary amendments has reduced the government’s bargaining power. This shift has made it harder for the executive to secure support for its proposals.

For businesses and citizens, this change means policy implementation may become slower and less predictable. However, it could lead to more robust and widely accepted legislation in the long run. The government must now adapt its strategies, mastering the art of negotiation and compromise.

As Brazil navigates this new political reality, the outcome will shape the country’s governance for years to come. The struggle between executive power and legislative oversight continues, with far-reaching implications for Brazil’s political and economic future.

Congressional Muscle: How Brazil’s Parliament Gained Control Over Presidential Decrees

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