Overview

• With the Senate-backed measure awaiting treatment in the Chamber of Deputies, the government is pressing governors to keep their deputies from advancing the proposal and could delay a floor vote if it lacks support.
• The initiative reverses current practice by imposing a 90-day deadline and requiring approval by absolute majorities in both chambers, after which any unratified decree would fall automatically.
• Official vote counts indicate the ruling bloc believes it can uphold an expected presidential veto, yet it does not have the numbers to stop passage in Deputies without defections from governor-aligned lawmakers.
• Interior Minister Lisandro Catalán and lower-house speaker Martín Menem have lobbied governors including Osvaldo Jaldo, Raúl Jalil and Gustavo Sáenz as provincial blocs show split positions on whether to back the limits.
• A reported U.S. financial backstop of about US$20 billion, linked to Donald Trump and Scott Bessent, eased currency pressures and is strengthening the executive’s bargaining leverage with provincial leaders.