Categories: Stocks / ETFs

Mexican senate passes proposal to abolish autonomous bodies By Reuters

MEXICO CITY (Reuters) -Mexico’s Senate on Thursday passed a measure to abolish the autonomous bodies that regulate some economic sectors and ensure government transparency, a reform that has sparked outcry from the opposition and industry.

Lawmakers in the upper chamber voted on the proposal’s general terms with 86 in favor and 42 against, with nearly the same tally coming in for the bill’s particular terms.

It had passed in the lower house last week.

The reform proposes scrapping autonomous agencies such as antitrust watchdog Cofece, telecoms regulator IFT, energy regulator CRE, hydrocarbon regulator CNH and public information and data protection office INAI.

Their functions would be taken over by other government bodies such as the official statistics office, the electoral authority and government ministries.

The head of the Senate constitutional committee, Oscar Canton of the ruling Morena party, said that the proposal represents the administration’s commitment to an austere, efficient government focused on the needs of its people.

The measure is among the constitutional reforms presented in February by former President Andres Manuel Lopez Obrador and backed by current President Claudia Sheinbaum, aimed at cutting public spending by centralizing the state apparatus.

Opposition lawmakers and analysts, however, allege that the reform threatens democracy and that it will impede accountability against government wrongdoings.

Morena and their allies “are looking for total opacity, the elimination of any counterweight to the power they covet,” opposition senator Agustin Dorantes said in the session.



Source link

admin2

Share
Published by
admin2

Recent Posts

Stevens helps Riders edge West-leading Elks 28-26

EDMONTON – Backup quarterback Tommy Stevens scored three touchdowns as the Saskatchewan Roughriders evened their…

2 hours ago

Two Measures of Inflation: June 2026

Inflation remains a hot topic, directly impacting everything from your grocery bill to interest rates.…

4 hours ago

Gunman kills several at Idaho fast-food restaurant | Crime News

Multiple deaths reported after gunman opens fire at In-N-Out Burger in Twin Falls, Idaho.Published On…

4 hours ago

Sui’s USDsui Model Turns Stablecoin Yield Into Ecosystem Buybacks

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sui’s USDsui…

4 hours ago

Train derailment in Regina rail yard under investigation

A Canadian Pacific Kansas City freight train derailed in Regina on Saturday morning, sending multiple…

5 hours ago

N.S. RCMP accuse man of sex charges involving youths, seek additional victims

By Staff The Canadian Press Posted August 1, 2026 4:21 pm 1 min read Descrease…

8 hours ago