Brazilian lower house passes constitutional amendment on pension reform

Brazilian President Jair Bolsonaro’s pension reform cleared its first legislative hurdle in a much-delayed congressional committee vote, renewing hopes that the former Army captain can put the economy back on track. As a constitutional amendment, the pension bill will eventually need the support of 308 of the country’s 513 deputies in two separate floor votes and then 49 of its 81 Senators in two additional votes. Vice President Hamilton Mourao said in an interview this month he expects the proposal to be approved by August.
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