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| Committee on Economic Affairs (Brazil) | |
|---|---|
| Name | Committee on Economic Affairs |
| Native name | Comissão de Assuntos Econômicos |
| Legislature | Chamber of Deputies (Brazil) |
| Type | Standing committee |
| Formed | 1960s |
| Jurisdiction | Economic policy, taxation, industrial policy, financial regulation |
| Members | 27 |
| Chairperson | Central Bank of Brazil (liaison) |
| Parent body | Chamber of Deputies (Brazil) |
Committee on Economic Affairs (Brazil) The Committee on Economic Affairs is a standing committee of the Chamber of Deputies (Brazil) responsible for reviewing legislation related to taxation, industrial policy, and financial regulation. It serves as a forum linking legislators from parties such as the Workers' Party (Brazil), Brazilian Social Democracy Party, Democrats (Brazil) and Progressistas (Brazil) with institutions like the Central Bank of Brazil, Ministry of Economy (Brazil), Brazilian Development Bank and Federal Revenue of Brazil. The committee interacts with legislative counterparts in the Federal Senate (Brazil), supranational bodies like the World Bank, International Monetary Fund and regional organizations including the Union of South American Nations.
The committee traces its roots to parliamentary committees formed during the Legislative Organization Reform (Brazil) in the 1960s and has evolved alongside reforms such as the Constitution of Brazil (1988), the Collor Plan economic measures and the Plano Real stabilization program. Over decades it addressed crises tied to events like the Latin American debt crisis, the 1994 Mexican peso crisis, the 2008 financial crisis and Brazil’s own fiscal adjustments under administrations of Fernando Henrique Cardoso, Luiz Inácio Lula da Silva and Michel Temer. Key moments include debates over the Tax Reform (Brazil) proposals, the passage of privatization bills influenced by the Collor administration and fiscal responsibility instruments developed after the Fiscal Responsibility Law (Brazil).
The committee’s remit covers matters referred by the President of Brazil and the Board of the Chamber of Deputies (Brazil) including draft laws on taxation, customs, banking, insurance, capital markets and industrial incentives. It examines measures from ministries such as the Ministry of Finance (Brazil), the Ministry of Industry, Foreign Trade and Services (Brazil), and reports on proposals tied to instruments from the National Treasury (Brazil), Banco do Brasil and regulatory agencies like the Brazilian Securities Commission. Functions include preparing reports for plenary votes, suggesting amendments during joint sessions with the Committee on Constitution and Justice (Brazil), and coordinating hearings with actors such as the National Confederation of Industry, Central Bank of Brazil, Confederação Nacional dos Trabalhadores and foreign missions like delegations from the European Union.
Membership reflects the party composition of the Chamber of Deputies (Brazil), drawing deputies who represent states such as São Paulo, Rio de Janeiro, Minas Gerais, Bahia and Rio Grande do Sul. The committee typically includes representatives from blocs like the Brazilian Democratic Movement and smaller parties such as Socialism and Liberty Party and Green Party (Brazil). Members often belong to parliamentary groups focusing on sectors represented by entities like the Federation of Industries of the State of São Paulo, National Confederation of Agriculture and trade unions affiliated with the Central Única dos Trabalhadores. Membership terms follow legislative mandates established under the Internal Regulations of the Chamber of Deputies (Brazil) and can include alternates appointed by party leaders such as those from the Progressive Party (Brazil).
Leaders are elected by committee members and include positions analogous to chair, deputy chairs, and secretaries recognized by the Chamber’s Board of Directors (Brazil). Chairs have often been influential deputies who worked closely with ministers from administrations like those led by Joaquim Levy, Guido Mantega and Paulo Guedes. The committee coordinates with officers from institutions such as the Supreme Federal Court when constitutional questions arise and liaises with technical staff from the Institute of Applied Economic Research (IPEA)].] Advisory roles are filled by parliamentary advisors, legal consultants drawn from the Federal Supreme Court (Brazil) legal scholarship and economists affiliated with universities like the University of São Paulo, Federal University of Rio de Janeiro and Getulio Vargas Foundation.
Procedures follow protocols derived from the Internal Regulations of the Chamber of Deputies (Brazil), including referral rules, deadline schedules and quorum requirements observed during consideration of reports on bills like comprehensive Tax Reform (Brazil) proposals. The committee schedules public hearings, requests expert testimony from institutions such as the Brazilian Development Bank and the World Trade Organization secretariat, and issues technical opinions that inform floor debates in the Plenary of the Chamber of Deputies (Brazil). It conducts joint sessions with specialized committees including the Committee on Finance and Taxation (Brazil) and engages in oversight hearings with officials from the Ministry of Economy (Brazil) and central bank governors, following precedents set in proceedings involving former governors such as Ilan Goldfajn.
The committee has shaped major measures including components of the Fiscal Responsibility Law (Brazil), amendments to the Tax Code of Brazil, reforms affecting the Pension Reform (Brazil) package, and legislation enabling privatizations connected to state enterprises like Petrobras and Eletrobras. It reviewed banking reforms that touched Banco do Brasil operations and legislation affecting capital markets regulated by the Brazilian Securities Commission. Committee reports influenced policy responses during episodes like the COVID-19 pandemic in Brazil fiscal interventions, emergency aid programs debated with the Ministry of Citizenship (Brazil), and infrastructure financing linked to the National Bank for Economic and Social Development.
The committee maintains formal and informal ties with the Federal Senate (Brazil), the Executive Office of the President of Brazil, ministries including the Ministry of Economy (Brazil), and regulatory agencies such as the Central Bank of Brazil and Brazilian Securities Commission. It engages civil society actors including the Confederação Nacional da Indústria, Central Única dos Trabalhadores, think tanks like the Getulio Vargas Foundation and Institute of Applied Economic Research (IPEA), and international partners such as the International Monetary Fund and Inter-American Development Bank. These interactions shape oversight of fiscal policy instruments, public-private partnership frameworks involving entities like BNDES and sectoral accords negotiated with associations such as the National Confederation of Transport.
Category:Committees of the Chamber of Deputies (Brazil) Category:Politics of Brazil