Overview
- The Senate Economic Affairs Committee approved the substitutive bill on Tuesday, June 30, 2026, and classified it as "caráter terminativo," so the text will go to the Chamber of Deputies unless a senator asks for a plenary review.
- Under the approved text, the president of the Comissão de Valores Mobiliários must attend a public Senate hearing twice a year to present a report on market evolution, the agency’s fulfillment of its institutional mandate, and compliance with the current strategic plan.
- The bill was authored by Sen. Jussara Lima and reported in substitute form by Sen. Eduardo Braga, who added the explicit requirement to report on strategic-plan execution to align the CVM’s governance with the Central Bank’s semiannual accountability routine.
- Supporters say the measure responds to parliamentary criticism over the CVM’s handling of the Banco Master case involving Daniel Vorcaro and aims to systematize information the regulator already produces without removing its technical autonomy.
- If the Chamber approves the measure and the president sanctions it, the reporting obligation in current drafts would take effect 60 days after the law is published, and regular hearings could change how quickly Congress monitors investigations and market oversight.