IBOV 182,991.13 ▼ 0.26% IPSA 11,137.59 ▼ 1.06% IPC MEX 64,944.41 ▼ 0.07% MERVAL 2,798,925 — 0.00% COLCAP 2,579.33 ▼ 0.21% BVL PERÚ 60,698.35 ▼ 0.79% USD/BRL5.21▼ 0.25% USD/MXN17.98▼ 0.09% USD/CLP965.70▲ 0.43% USD/COP3,364▲ 1.83% USD/PEN3.44▼ 0.09% USD/ARS1,525▼ 0.02% USD/UYU40.39▲ 0.44% USD/PYG5,843▼ 0.46% USD/BOB11.98▼ 1.56% USD/DOP59.28▼ 0.02% USD/CRC450.38▼ 0.11% USD/GTQ7.63▼ 0.07% USD/HNL26.86▲ 0.03% USD/NIO36.62▲ 2.65% USD/VES855.74▼ 0.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▼ 0.73% EUR/BRL5.93▲ 0.52% 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 182,991.13 ▼ 0.26% IPSA 11,137.59 ▼ 1.06% IPC MEX 64,944.41 ▼ 0.07% MERVAL 2,798,925 — 0.00% COLCAP 2,579.33 ▼ 0.21% BVL PERÚ 60,698.35 ▼ 0.79% 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%
since 2009
Tuesday, September 29, 2026

Peru Legislative Powers: Committee Draft Urges Rejecting Fujimori’s 120-Day Request

By · September 29, 2026 · 5 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Argentina gives Britain two weeks over Falklands oil”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

POLITICS · PERU

Key Facts

  • —The country Peru, where President Keiko Fujimori took office in July 2026. Congress now has two chambers, a Chamber of Deputies and a Senate.
  • —What happened On 28 September a draft opinion of the Deputies’ Constitution Committee recommended rejecting and archiving the government’s request for 120 days of decree powers (El Comercio, Gestín, Infobae).
  • —The numbers The request holds 66 measures in eight areas. Eight of 12 advisory committees opposed it in September, El Comercio and Canal N reported.
  • —What it means for you Plans on security, small business, tax and mining would move through ordinary, slower lawmaking. Labour Minister Juan Sheput ruled out a confidence vote on 28 September.
  • —Still open The committee debates on 29 and 30 September; no vote had been reported by the morning of 29 September. Allied parties are preparing narrower minority texts.

Peru legislative powers requested by President Keiko Fujimori face rejection in the Chamber of Deputies. A draft opinion of its Constitution Committee recommends refusing the 120-day request and sending it to the archive.

Free daily brief — no card needed
Get every Latin America story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

The government says it will not answer with a confidence vote. Allied parties want a smaller package instead, focused on security and the El Niño weather emergency.

White neoclassical facade of Peru’s Legislative Palace in Lima with gardens in front
The Legislative Palace in Lima, seat of Peru’s Congress, where the Chamber of Deputies’ Constitution Committee is debating the request. (Photo: Jonathan M. Corredor O., CC BY-SA 4.0 via Wikimedia Commons)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

What the Draft Opinion Says

The draft, reported on 28 September, recommends “the non-approval and archiving” of bill 00098/2026-2031-CD, Gestín reported. The document runs to more than 200 pages.

Article 104 of the Constitution lets Congress delegate lawmaking on specific matters for a fixed term. The draft says the request fails that test on precision, urgency and necessity.

It counts 66 items but finds more than 100 separate issues inside them, Infobae reported. Many use vague verbs such as “strengthen” or “optimise” without naming the laws to change.

It also argues that several measures could be taken by supreme decree or ministerial resolution. It calls plans to open protected areas and lands of isolated indigenous peoples to oil exploration unconstitutional.

Among disaster measures, it finds only one urgent, La República reported. That item would let INDECI, the civil defence agency, deliver aid directly in an emergency’s first 15 days.

Rio Times chart: eight of 12 Chamber of Deputies committees opposed Peru's request for legislative powers, four were favourable
Opinions of 12 Chamber of Deputies committees on the government's 120-day powers request; favourable includes one partly favourable opinion. Source: El Comercio; Canal N, September 2026.

How the Government and Its Allies Responded

Sheput ruled out a confidence question in a Canal N interview reported by El Comercio. If the powers are refused, “the world does not end,” he said.

The government would then send its own bills with urgency requests, he added. He promised “maximum tolerance” towards deputies until the term ends in 2031.

Prime Minister Luis Galarreta asked deputies to reconsider, Altavoz reported. “This is not saying no to Keiko Fujimori; this is saying no to Peru,” he said.

Miguel Torres of Fujimori’s Fuerza Popular, who presides over Congress, wrote that the committee should “debate, adjust and decide, not reject everything.” Rejecting even urgent items “would be turning our back on the country,” he added.

Renovación Popular, a conservative party, plans a minority report keeping about 40 of the 66 measures, spokeswoman Roxana Rocha told Gestín. Fuerza Popular is drafting its own minority text, El Comercio reported.

Who Opposes the Request

The committee is chaired by Giannina Avendaño of Juntos por el Perú, a left-wing party. With Obras and Ahora Nación, it has tied support to a new, narrower request, Canal N reported.

Criticism also comes from the right, so the split is wider than government against opposition. Renovación Popular leader Rafael López Aliaga said Fujimori does not need “so many powers,” La República reported.

He also said his party would not “boycott any delegation of powers.” That leaves room for a trimmed package if the full request fails.

What It Means for Investors and Residents

The Peru legislative powers request carried much of Fujimori’s agenda on security, small business, tax, mining and housing. A rejection would leave current rules in place and slow the pace of change.

Sheput’s refusal to force a confidence vote lowers the temperature between the branches. In 2019 a clash over such a vote ended with then-president Martín Vizcarra dissolving Congress.

Background on the original bid is in Peru Asks Congress for 120-Day Legislative Powers Over Tax and Security. The wider programme is covered in Peru’s Galarreta Sets Out Security and Tax Plan.

What Is Not Yet Known

How the committee will vote is not yet known. The session opens on the afternoon of 29 September and resumes at 09:00 on 30 September, Andina reported.

If the draft is approved, the request is archived in committee and never reaches the plenary, experts told El Comercio. If it fails, a minority text could go to the Deputies’ plenary and then the Senate.

La República noted that the draft still has blanks for the session date and the names of voters. Only the chair’s signature appears on it.

Frequently Asked Questions

What did Peru’s Constitution Committee draft recommend?

It recommends rejecting the government’s request for 120 days of decree powers and archiving it. It finds the 66 measures too vague, not urgent and often possible without a new law.

Is the rejection final?

No. The committee debates the Peru legislative powers request on 29 and 30 September, and government allies are preparing narrower minority texts.

Will the government call a confidence vote?

Labour Minister Juan Sheput ruled it out on 28 September. He said the government would send ordinary bills with urgency requests instead.

Sources: Gestión, Infobae and La República on the draft opinion, 28 September 2026; El Comercio (Sheput on Canal N) and El Comercio (procedure), 29 September 2026; Altavoz; Agencia Andina; Canal N on committee opinions, September 2026.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.