PS secures two seats on Senate's key Finance Committee

Chile's Socialist Party secured two seats on the strategic Senate Finance Committee, while Renovación Nacional claimed the most seats across legislative commissions. This agreement, stemming from party negotiations, sets presidencies and memberships for coming years. The commissions were formed after a prolonged session last week.

The formation of legislative commissions in Chile's Senate progressed last week during an extended plenary session. Senators submitted proposals to the board, which approved the allocation without debate, enabling most committees to convene.

Renovación Nacional benefits most, with 90 seats across commissions for the four-year term (2026-2030). For the first year, its members will chair Foreign Relations (Manuel José Ossandón), Public Works (María José Gatica), Transport (Camila Flores), Fishing (Carlos Kuschel), and Future (Rojo Edwards). The Socialist Party follows with 81 seats, holding presidencies in Interior Government (Danisa Astudillo), Economy (Gastón Saavedra), and Health (Juan Luis Castro).

On the pivotal Finance Committee, which reviews economic bills and fiscal spending, the PS gained two seats: Paulina Vodanovic and Daniella Cicardini for this year. Vodanovic will lead it in 2028, alongside the Constitution Committee, crucial for judicial laws and constitutional changes.

Parties like PPD (69 seats), Republican Party (47), and UDI (34) fill the rest. Opposition negotiations sparked tensions; DC Senator Iván Flores decried the process as 'confused,' saying his party felt sidelined like 'the ham in the sandwich.' The PS-PPD-PL bloc dealt directly with the right, outpacing the DC-FA-PC-FRVS group (78 total seats).

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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.

The Senate Finance Commission approved the Reconstruction bill yesterday by three votes to two. The initiative advanced with only officialist support.

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Senate President Paulina Núñez convened a political table on Wednesday with Finance Minister Jorge Quiroz and senators from different sectors to bring positions closer on the national reconstruction megareform.

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A cross-party group of lawmakers presented a bill on Friday to raise the bar for constitutional accusations. Chile's Republican Party backed the measure but also proposed restoring the pre-2022 constitutional amendment quorum.

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Chile's Senate recorded a 23-23 tie on Wednesday on the rule allowing the lifting of banking secrecy in the economic intelligence bill. The decision was postponed to next Tuesday's session. Finance Minister Jorge Quiroz announced he is studying an initiative to speed up the process always under judicial control.

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