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Argentina Pulls Foreign‑Land Chapter From Property Bill

The retreat signals the presidency lacks Senate votes, leaving significant eviction, expropriation and fire‑law reforms still under debate.

Overview

  • The government removed the chapter that would have relaxed limits on foreign purchases of rural land after allied governors and senators said the measure lacked support in the Senate.
  • Officials first proposed raising or removing the 15% cap on foreign ownership, but the threat of defeat prompted the Casa Rosada to drop the provision to save the rest of the Inviolability of Private Property bill.
  • Key contested reforms that remain in the bill include faster 'sumarísimo' eviction procedures, tighter limits on expropriations with new compensation rules, changes to the Fire Management law that shorten bans on reusing burned land, and a permanent, ten‑year possession route to regularize undocumented housing.
  • Labor, social and environmental groups kept planned protests in front of Congress for Thursday despite the withdrawal, arguing that the remaining chapters still threaten territorial sovereignty and housing rights.
  • An ethics complaint accusing Senator Joaquín Benegas Lynch of ties to land‑management firms has added pressure on the Senate as senators debate the bill and any major amendments would send the text back to the Chamber of Deputies for another vote.