Overview

• The text-base passed unanimously and authorizes exceptional procedures to deploy R$30 billion in loans and tax renunciations to counter U.S. tariff impacts.
• Tariff-related expenses and tax waivers will not count toward the spending cap or primary balance targets and are exempt from some Fiscal Responsibility Law requirements.
• The bill reorganizes Reintegra, allowing exporters affected by the new U.S. tariffs to receive refunds of up to 3% of eligible amounts.
• Credit support is expanded through increased federal participation in guarantee funds: up to R$1 billion for the FGO, up to R$1.5 billion for the FGCE, and up to R$2 billion for the FGI.
• Compensatory revenue measures are permitted but capped at R$5 billion for the 2025–2026 biennium.