Senator Alcolumbre read the request to establish a CPMI into the INSS scandal, Congress overturned a presidential veto that would have increased taxes, and the Central Bank will announce the Selic

BRAZIL POLITICS - Report 18 Jun 2025 by Murillo de Aragão and Cristiano Noronha

The President of Congress, Senator Davi Alcolumbre (União-AP), has read the request to establish a Joint Parliamentary Committee of Inquiry (CPMI) into the INSS and authorized the formation of the panel. Yesterday, during a joint congressional session, lawmakers also voted on presidential vetoes. One of the vetoes overturned would have allowed new consumption taxes to be applied to investment funds. Today, the Central Bank will announce its decision on the benchmark interest rate, currently at 14.25%. The likely outcome is no change.

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