The Brazilian Chamber of Deputies has approved an urgent regime for a government project aimed at regulating competition in the digital market by expanding the powers of Cade.
On Wednesday, the Brazilian Chamber of Deputies approved an urgent regime for a bill submitted by President Lula’s government to regulate competition in the digital market. The approved request, which received 276 votes in favor and 186 against, allows for an expedited process as the proposals will not have to go through thematic committees. This approach aims to streamline legislative action and minimize political pressure from large companies impacted by the proposed regulations.
Rapporteur Aliel Machado (PV-PR) anticipates that bypassing committee reviews will lessen the political influence exerted by stakeholders, especially the big tech companies the legislation seeks to regulate. Machado previously used a similar strategy during discussions surrounding the carbon market regulation law, indicating a trend towards fast-tracking important economic regulations in Brazil. His office has already received a significant number of meeting requests regarding this government proposal.
A key aspect of the bill is the enhancement of the powers of Cade (Administrative Council for Economic Defense), which will now have a Digital Market Superintendency. This expansion of authority is intended to improve oversight and enforcement in the rapidly evolving digital landscape, ensuring greater compliance among tech giants operating in Brazil and potentially reshaping the competitive dynamics in the market.
