Overview

• Supreme Court justice Gilmar Mendes publicly urged Congress to consider an anti‑embargo framework and called U.S. Magnitsky actions a form of “technological feudalism.”
• A circulating bill would compel banks and companies to seek authorization from a commission comprising the Judiciary, Executive, Congress, the PGR and the AGU before enforcing unilateral foreign sanctions, modeled on European practice and inspired by an August order from Justice Flávio Dino.
• The proposed mechanism would not apply to measures arising from treaties or multilateral institutions such as the United Nations.
• President Lula and Chamber president Hugo Motta were consulted and signaled support, and financial institutions were approached and are said to favor clearer rules.
• The push follows Magnitsky actions against Justice Alexandre de Moraes that led to canceled international cards, closed accounts and a reported R$42 billion single‑day drop in bank stocks as compliance risks spooked markets.