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BBAS3 21.39 ▲ 0.19% B3SA3 15.62 ▼ 0.70% WEGE3 47.95 ▲ 1.59% PRIO3 58.88 ▼ 3.24% SUZB3 43.39 ▲ 0.16% RENT3 38.00 ▲ 1.04% AZZA3 16.38 ▼ 0.24% CSAN3 4.06 ▼ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.66 ▲ 2.70% GMAT3 4.05 ▲ 0.50% PSSA3 54.79 ▲ 0.16% CVCB3 1.32 ▲ 0.76% POSI3 3.56 ▲ 0.28% SLCE3 13.28 ▼ 0.75% NATU3 8.48 ▲ 1.19% BRKM5 5.97 — 0.00% RANI3 8.44 ▲ 4.07% CSNA3 4.69 ▼ 3.10% CMIN3 5.71 — 0.00% USIM5 7.44 ▲ 1.09% GGBR4 24.94 ▼ 0.16% ENEV3 26.61 ▲ 1.14% CPFE3 45.98 ▼ 0.35% CMIG4 11.28 ▼ 0.53% EQTL3 38.78 ▲ 0.31% LREN3 13.79 ▲ 1.40% VIVT3 32.70 ▲ 0.21% RAIL3 14.50 ▲ 0.42% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.64 ▲ 0.87% RDOR3 34.82 ▲ 0.52% HAPV3 11.45 ▲ 1.51% FLRY3 17.30 ▲ 0.93% SMTO3 14.30 ▼ 1.52% UGPA3 32.91 ▼ 0.42% VBBR3 35.92 ▼ 0.36% BBSE3 41.49 ▲ 0.56% BPAC11 57.48 ▲ 1.20% CURY3 30.86 ▲ 2.56% AERI3 2.17 ▲ 0.93% VIVARA 22.30 ▲ 0.54% COMPASS 24.57 ▼ 1.09% VAMOS 3.34 — 0.00% SANB11 28.58 ▼ 0.14% ASAI3 8.55 ▲ 0.59% SBSP3 27.60 ▼ 0.36% WALMEX 49.75 ▼ 1.00% GMEXICO 208.60 ▲ 0.42% FEMSA 222.07 ▲ 0.28% CEMEX 20.55 ▲ 0.20% GFNORTE 199.41 ▼ 0.58% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.90 ▲ 0.10% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 63,000 ▲ 0.48% COPEC 6,300 ▼ 0.79% BSANTANDER 81.00 ▲ 0.01% FALABELLA 6,216 — 0.00% ENELAM 85.20 ▼ 3.17% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 — 0.00% LATAM AIR 25.30 ▲ 2.26% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,550 ▼ 0.09% TXAR 660.00 ▲ 0.08% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.10 ▲ 0.16% LOMA NEGRA 3,620 ▼ 1.76% BYMA 297.00 ▲ 0.51% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.31 ▼ 2.74% BANCOLOMBIA 91.60 ▼ 0.99% GRUPO AVAL 5.21 ▼ 1.42% CREDICORP 401.56 ▲ 0.24% SOUTHERN COPPER 180.01 ▼ 1.48% BUENAVENTURA 30.24 ▼ 0.15% MERCADOLIBRE 1,915 ▲ 1.98% NUBANK 14.45 ▲ 0.86% XP 17.21 ▲ 0.85% PAGSEGURO 9.77 ▲ 1.35% STONE 11.45 ▲ 0.66% GLOBANT 37.78 ▲ 3.21% TECNOGLASS 43.88 ▲ 1.01% GAP 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USD/CLP 923.39 ▼ 0.83% USD/COP 3,223 ▲ 0.62% USD/PEN 3.39 ▼ 0.05% USD/ARS 1,486 ▲ 0.03% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.13 ▲ 0.24% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.37% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.84 ▼ 0.35% BRENT 82.95 ▼ 7.96% WTI 78.62 ▼ 7.15% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.47% GOLD 4,081 ▲ 0.79% SILVER 56.89 ▼ 1.22% SOY 1,180 ▲ 0.66% CORN 462.00 ▲ 4.82% WHEAT 637.00 ▼ 0.35% COFFEE 313.45 ▼ 5.62% SUGAR 15.00 ▲ 2.32% ORANGE JUICE 156.95 ▲ 1.29% COTTON 80.51 ▲ 0.01% COCOA 5,791 ▲ 7.30% BEEF 227.60 ▼ 1.79% CATTLE 345.78 ▼ 0.65% LITHIUM 68.53 ▼ 1.00% PETR4 42.59 ▼ 1.91% VALE3 74.50 ▼ 2.33% ITUB4 43.00 ▲ 0.30% BBDC4 18.57 ▲ 0.86% ABEV3 15.96 ▼ 0.19% BBAS3 21.39 ▲ 0.19% B3SA3 15.62 ▼ 0.70% WEGE3 47.95 ▲ 1.59% PRIO3 58.88 ▼ 3.24% SUZB3 43.39 ▲ 0.16% RENT3 38.00 ▲ 1.04% AZZA3 16.38 ▼ 0.24% CSAN3 4.06 ▼ 0.25% RAIZ4 0.26 — 0.00% PCAR3 2.66 ▲ 2.70% GMAT3 4.05 ▲ 0.50% PSSA3 54.79 ▲ 0.16% CVCB3 1.32 ▲ 0.76% POSI3 3.56 ▲ 0.28% SLCE3 13.28 ▼ 0.75% NATU3 8.48 ▲ 1.19% BRKM5 5.97 — 0.00% RANI3 8.44 ▲ 4.07% CSNA3 4.69 ▼ 3.10% CMIN3 5.71 — 0.00% USIM5 7.44 ▲ 1.09% GGBR4 24.94 ▼ 0.16% ENEV3 26.61 ▲ 1.14% CPFE3 45.98 ▼ 0.35% CMIG4 11.28 ▼ 0.53% EQTL3 38.78 ▲ 0.31% LREN3 13.79 ▲ 1.40% VIVT3 32.70 ▲ 0.21% RAIL3 14.50 ▲ 0.42% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.64 ▲ 0.87% RDOR3 34.82 ▲ 0.52% HAPV3 11.45 ▲ 1.51% FLRY3 17.30 ▲ 0.93% SMTO3 14.30 ▼ 1.52% UGPA3 32.91 ▼ 0.42% VBBR3 35.92 ▼ 0.36% BBSE3 41.49 ▲ 0.56% BPAC11 57.48 ▲ 1.20% CURY3 30.86 ▲ 2.56% AERI3 2.17 ▲ 0.93% VIVARA 22.30 ▲ 0.54% COMPASS 24.57 ▼ 1.09% VAMOS 3.34 — 0.00% SANB11 28.58 ▼ 0.14% ASAI3 8.55 ▲ 0.59% SBSP3 27.60 ▼ 0.36% WALMEX 49.75 ▼ 1.00% GMEXICO 208.60 ▲ 0.42% FEMSA 222.07 ▲ 0.28% CEMEX 20.55 ▲ 0.20% GFNORTE 199.41 ▼ 0.58% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.90 ▲ 0.10% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 63,000 ▲ 0.48% COPEC 6,300 ▼ 0.79% BSANTANDER 81.00 ▲ 0.01% FALABELLA 6,216 — 0.00% ENELAM 85.20 ▼ 3.17% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 — 0.00% LATAM AIR 25.30 ▲ 2.26% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,550 ▼ 0.09% TXAR 660.00 ▲ 0.08% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.10 ▲ 0.16% LOMA NEGRA 3,620 ▼ 1.76% BYMA 297.00 ▲ 0.51% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.31 ▼ 2.74% BANCOLOMBIA 91.60 ▼ 0.99% GRUPO AVAL 5.21 ▼ 1.42% CREDICORP 401.56 ▲ 0.24% SOUTHERN COPPER 180.01 ▼ 1.48% BUENAVENTURA 30.24 ▼ 0.15% MERCADOLIBRE 1,915 ▲ 1.98% NUBANK 14.45 ▲ 0.86% XP 17.21 ▲ 0.85% PAGSEGURO 9.77 ▲ 1.35% STONE 11.45 ▲ 0.66% GLOBANT 37.78 ▲ 3.21% TECNOGLASS 43.88 ▲ 1.01% GAP AIRPORT 216.21 ▼ 0.52% ASUR 275.90 ▲ 0.10% OMA AIRPORT 106.41 ▼ 0.46% AMX ADR 24.97 ▼ 1.50% FEMSA ADR 128.25 ▲ 0.20% CEMEX ADR 11.90 ▲ 0.68% PETROBRAS ADR 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Monday, August 3, 2026

Brazil Politics and Society

Brazil Big-Tech Decrees Advance as Opposition Fights Back

By · July 20, 2026 · 3 min read

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Brazil · Politics

Key Facts

The rules. President Lula signed decrees making digital platforms administratively responsible for illegal content posted by users.

The change. Platforms must remove content flagged as illegal after an out-of-court notice, without waiting for a prior court order.

For women and girls. A second decree requires dedicated channels and two-hour removal for real nudity or AI-made fake images.

The pushback. Big tech firms issued a joint note against the measures and asked the Supreme Court to review them.

The politics. The opposition has filed at least 25 bills to overturn the decrees, in an election year.

Brazil is moving to hold social-media companies to account for what their users post, and the fight over it is escalating. The Brazil big-tech decrees shift legal responsibility onto the platforms, and are advancing despite objections from the industry, legal scholars and the opposition.

Lula’s Social-Media Decrees Advance in Brazil as the Opposition Fights Back. (Photo internet reproduction)
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President Luiz Inácio Lula da Silva signed the measures, which tighten oversight of the platforms and change how quickly they must act on complaints, as Gazeta do Povo reported.

What the decrees change

The core shift is liability. Under the main decree, technology companies can be held administratively responsible for illegal third-party content, and must take down posts deemed unlawful after an extrajudicial notice, rather than waiting for a judge’s order as before.

A second decree targets image-based abuse. It obliges platforms to offer dedicated reporting channels for real nudity or AI-generated fakes involving women and girls, and to remove such content within two hours of a valid complaint.

Why critics are worried

Legal experts warn the rules risk “overblocking”, pushing platforms to delete anything in a grey area, including lawful opinion and legitimate criticism, to avoid penalties. They also flag higher compliance costs and the strain on smaller providers expected to meet the same obligations as the largest firms.

The industry has responded in force. Major technology companies issued a joint statement against the decrees and asked Brazil’s Supreme Court to review them, according to Correio Braziliense, arguing the government is regulating the internet by decree rather than through Congress.

An election-year flashpoint

The timing sharpens everything. With a presidential election approaching, content moderation has become a proxy battle over free speech and state power. The opposition has already filed at least 25 legislative proposals to strike the decrees down, while Congress has reacted without resolving the underlying question of how far Brazil can regulate global platforms.

For foreign observers, Brazil is once again a test case: a large democracy trying to impose rules on American tech giants, and the legal and political friction that follows.

Frequently Asked Questions

What do Lula’s decrees require?

They make digital platforms administratively responsible for illegal user content and require removal after an out-of-court notice. A separate decree mandates two-hour removal of real or AI-generated intimate images of women and girls.

Why do critics oppose them?

They warn of “overblocking” of lawful speech, higher compliance costs, and the burden on small providers. Big tech firms have asked the Supreme Court to review the measures, arguing the internet should be regulated by Congress, not decree.

Can the decrees be overturned?

The opposition has filed at least 25 bills to reverse them, and the Supreme Court has been asked to review them. Their future is contested, and the fight is unfolding in an election year.

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