Brazil Chamber Rejects Bank Resolution Bill Rapporteur's Text, Vote Reset

Brazil's Chamber of Deputies rejected the rapporteur's proposal for a complementary bill altering bank resolution rules, with 252 votes in favor versus 176 against, short of the required 257 absolute majority. The vote is reset to earlier stages, and scheduling depends on Chamber President Hugo Motta. This stalls legislative progress on the BRB bailout framework, creating uncertainty over the bill's fate.