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Illustration of Chilean finance committee voting on megareform bill.
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Finance committee approves idea of legislating megareform with ruling party votes

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The Finance Committee of the Chamber of Deputies approved on Thursday the idea of legislating the national reconstruction megareform project. The initiative advanced with eight votes in favor from ruling party lawmakers, four against and one abstention from the PDG.

Opposition lawmakers flooded the government's National Reconstruction bill with amendments in a move aimed at delaying its processing in the Chamber of Deputies.

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The federal cabinet has approved the draft of the building modernization law. The new legislation replaces the controversial heating law of the previous traffic-light coalition and aims to offer more flexibility in heating choices.

The Philippine House of Representatives has approved three bills on third and final reading, including two measures identified as priorities by the Legislative-Executive Development Advisory Council.

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Deputies approved the emergency agricultural bill in committee on Wednesday, addressing water storage, livestock and pesticides. The text will be debated in the Assembly from May 19.

The U.S. Senate has passed a resolution prohibiting senators and their staff from using prediction markets. S. Res. 708 took effect immediately upon passage.

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Asofondos reiterated that the transfer of pension resources must comply with current law. The association requested a definitive ruling from the Constitutional Court on Law 2381 of 2024 to provide legal certainty. It warned that an early transfer to Colpensiones violates existing regulations.

 

 

 

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