The CCJ (Constitution and Justice Committee) of the Senate approved this Wednesday (June 10, 2026) the PEC (Proposed Amendment to the Constitution)which grants financial and budgetary autonomy to the BC (Central Bank). The senator’s report (PSDB-AM) was approved symbolically. Read the (PDF – 266 kB).
The text significantly changes the BC’s legal regime. The proposal removes the Central Bank from direct dependence on the accounts and the General Budget of the Union, authorizing the institution to manage its own revenues arising from its activities to cover administrative and operational expenses.
According to the model suggested in the report, the bank takes the form of a corporation with a special legal regime focused on state activities, which, according to the rapporteur, will bring fiscal relief to the Executive’s cash flow by eliminating mandatory transfers to fund the financial institution.
In the personnel area, the text establishes that the Central Bank will have the power to define remuneration and career policies, in addition to assuming the management and funding of retirement and pensions with its own revenue.
The report also introduces spending control mechanisms. The proposal provides for the BC’s budget to be analyzed by the CMN (National Monetary Council) and subsequently submitted to the Senate.
Another point incorporated in the report expands the Central Bank’s power of action in times of crisis in the financial system. According to the senator, the measure allows intervention in extreme situations. The text also deals with the structure of BCB’s operating systems, with emphasis on Pix.
During the discussion, the rapporteur rejected an amendment presented by the president’s government (PT). The text was prepared by the Ministers of Finance, Dario Durigan, and Planning, Bruno Moretti. Maintained the BC as an autarchy.
The proposal now goes to the senators for analysis in the plenary. If approved in 2 rounds in the Senate, it will go to the Chamber.
