The Senate Economic Affairs Commission postponed for next week the voting of the PLP (Complementary Bill) 168/2025, which enables the MP (Provisional Measure) of the package to help the companies affected by the tariff of the USA.
The rapporteur, Venetian Vital do Rêgo (MDB-PB), presented on Tuesday (9) his report, but members of the commission asked more time to analyze him and want to hold a public hearing to discuss the text.
The chairman of the board, Renan Calheiros (MDB-AL), will still analyze whether or not the hearing request will be reached as it would delay the processing. Government is in a hurry to approve the proposal to ensure the launch of credit lines.
The bill was presented by the Senate government leader, Jaques Wagner (PT-BA), and excludes, by the end of 2026, the extraordinary credit values and tax waivers provided for in the Limits of the Fiscal Arcouço and the Primary Result goals.
The proposal also makes room for up to R $ 5 billion in tax waivers via the Reintegra Program and allows the Union to increase by up to R $ 4.5 billion the contributions to three guarantee funds: the FGO (Operations Guarantee Fund), the FGI (Guarantee Fund for Investments) and FGCE (Outer Credit Operations Guarantee Fund).
There is also the possibility that legal entities affected by the tariff have an additional tax credit of up to 3% of export -earned revenue.
Venetian Vital do Rêgo accepted only a change in writing in the text, to make it clear that the increase of up to 3 percentage points in the Reintegra credit will only apply to legal entities affected by the additional rates imposed by the US,
During the session, Venetian argued that the text has emergency character, but that, in the long run, Brazil will have to look for new markets.
“Although the long -term solution to the problem involving exporting sectors is looking for new markets and negotiations with the US to reversal additional tariffs, it is undeniable the virtue of the adoption of temporary relief to companies and jobs affected by these tariffs,” he said.
Senator Oriovisto Guimarães (PSDB-PR) questioned the exceptions of various measures to the tax framework, but said he will vote in favor. “I support the report, but I have a concern that something very strange is happening to us.
We are getting more and more things from the tax framework and, each time, it turns into a piece of fiction, “said the toucan.
The proposal seeks to support the “Brazil Sovereign Plan”, announced on August 13 by the government.
Among the measures of the package are the creation of a financing line of R $ 30 billion, with funds from the financial surplus of the Export Guarantee Fund, change in export credit insurance rules, public hiring measures to encourage the acquisition of food impacted by fees and changes in guaranteeing funds to support exporters.
