situation report

Brazil: Lower House Committee Approves Pension Reform Bill

1 MIN READJul 5, 2019 | 14:41 GMT

What Happened: Brazil's pension reform bill will advance to a congressional vote after a lower house committee approved the bill in a 36-13 vote, O Globo reported July 4.

Why It Matters: The committee's approval of the bill paves the way for a full vote by the lower house. Although the proposal may still be modified, its chances of approval are high as key legislators have provided their support.

Background: The Brazilian government has been preparing to pass the pension reform for several years to reduce the country's debt burden and social security expenses.

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