Reform of the BCRA Charter: Senate consideration and status of the bill

The president of the La Libertad Avanza bloc in the Senate, Patricia Bullrich, confirmed that on Thursday there will be a session in the Upper House to address the reform of the Charter of the Central Bank of the Argentine Republic (BCRA). The senator said this during a speech at the Bar Association of the City of Buenos Aires, according to the report by Crónica. The proposal already obtained committee approval in a joint meeting of the National Economy and Investment and Budget and Finance committees. If no changes are introduced, it would become law because it already has half a sanction from the Chamber of Deputies.

Bullrich’s statements on the content of the reform

According to the source, Bullrich stated that the goal is to prevent the BCRA from once again functioning as «one more appendage of the Ministry of Economy or of the government of the Executive Branch.» She mentioned as key points the prohibition of issuing currency to finance the State and of «feeding the Treasury.» She also framed the measure within a program that seeks to establish economic and institutional rules so that they do not change according to the government in power. These statements are attributed to the senator by the article, which does not reproduce the text of the bill nor cite the committee report.

Other topics scheduled for the same session

According to Crónica, Bullrich anticipated that La Libertad Avanza seeks for the Upper House to hold its seventh session of the ordinary period on Thursday. In addition to the BCRA reform, the initiative Inocencia Fiscal II, which also has half a sanction in the Chamber of Deputies, the reform of the biofuels regime, and agreements to transfer criminal judicial competencies from the Nation to the City of Buenos Aires would be addressed. The note does not specify times or the official agenda.

Presidency’s statement on the bill

The Presidency of the Nation published a statement indicating that President Javier Milei provided details on the reform bill of the BCRA Charter that is being prepared by the Executive Branch. According to that text, the Government is working on finalizing the draft bill, whose official announcement is expected in the coming weeks. Once completed, it will be sent to Congress for consideration. The statement does not mention committee approval, half a sanction, or session date. Nor does it coincide with Crónica‘s version regarding the parliamentary status: while one source speaks of a bill with committee approval and half a sanction, the other describes a draft bill in preparation.

Participants in the Cabinet meeting

The official statement indicates that, after the Tedeum for Independence Day at the Metropolitan Cathedral, Milei led a Cabinet meeting at the Casa Rosada. Among the participants, it mentions Chief of Staff Diego Santilli; Foreign Minister Pablo Quirno; Defense Minister Carlos Presti; Legal and Technical Secretary María Ibarzabal; Security Minister Alejandra Monteoliva; Deregulation Minister Federico Sturzenegger; the ruling party’s bloc leader in the Senate, Patricia Bullrich; Central Bank President Santiago Bausili; presidential advisor Santiago Caputo; Justice Minister Juan Bautista Mahiques; presidential spokesperson Adrián Ravier; Health Minister Mario Lugones; President of the Chamber of Deputies Martín Menem; Secretary of Communication and Press Fabián Fernández; General Secretary of the Presidency Karina Milei; and provisional President of the Senate Bartolomé Abdala.

Verifiable data and comparison between sources

• Source 1 (Crónica): states that the reform of the BCRA Charter has committee approval and half a sanction from the Chamber of Deputies.
• Source 1: attributes to Bullrich the confirmation that it will be addressed on Thursday in the Senate.
• Source 1: mentions other topics scheduled for the session: Inocencia Fiscal II, biofuels, and transfer of judicial competencies.
• Source 2 (Presidency): reports that the draft bill is being prepared by the Executive Branch and that the official announcement is expected in the coming weeks.
• Source 2: does not mention committee approval, half a sanction, or Thursday’s session.

Value module: comparison of parliamentary statuses according to the sources

Document: article from Crónica and statement from the Presidency of the Nation. Body and date: Crónica (no explicit date in the material) and Presidency of the Nation (publication after the Independence Day events). Unit: statuses of the bill. Values used: Source 1 indicates «committee approval» and «half a sanction from the Chamber of Deputies»; Source 2 indicates «draft bill in preparation.» Operation: no numerical difference is calculated because the statuses are not comparable magnitudes. A qualitative discrepancy is identified: one source describes a bill ready for consideration in the Senate and the other a text not yet sent to Congress. No monetary unit is converted nor any factor applied because there is no such data in the material.

What data or decision should be followed

It should be verified whether the Senate actually holds a session on Thursday and whether the reform bill of the BCRA Charter is on the agenda. It is also advisable to contrast whether the text being considered is the same one that already has half a sanction from the Chamber of Deputies or whether it is a draft bill from the Executive Branch, as the Presidency indicates. Official confirmation of the call and publication of the bill will allow establishing precisely the parliamentary status and the content of the initiative.