Motta postpones vote on banks in crisis: ‘There is a cloud of smoke surrounding the project’
The president of the Chamber of Deputies, Hugo Motta (Republicanos-PB), announced this Wednesday, 18th, the postponement of the vote on the banks’ PLP, a complementary bill that creates rules for the use of public money to help banks in crisis. The decision was made at the request of the proposal’s rapporteur, deputy Marcelo Queiroz (PSDB-RJ).
“I want to note that we will maintain, in the same way as we have had to date, the commitment to vote on the matter. We have this commitment to the country, commitment to our financial system, commitment to Brazilian society. But I think that, given everything that is happening, perhaps we need a little more time to understand the need to vote on this matter”, said Motta, in the plenary.
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The president of the Chamber said that he spoke with the Minister of Finance, Fernando Haddad, and the president of the Central Bank, Gabriel Galípolo, before making the decision. “The need to vote on the matter is absolutely undeniable. What I’m realizing is that there is a whole cloud of smoke created around this project”, he stated.
Motta added: “We are going to buy a little more time for the matter to be better matured. I think that this time will be necessary to make the points that are being listed in the project more precise, so that we do not have a matter being misunderstood regarding its urgency.”
Before the President of the Chamber’s statements, the proposal’s rapporteur, deputy Marcelo Queiroz (PSDB-RJ), took to the stand to ask for the matter to be postponed and maintained that the idea is exactly to avoid the use of public money to help banks. “Yesterday, I was surprised by the government with the request for three highlights to remove articles 45 to 49. The question is: these articles are exactly the heart of the project”, he stated.
According to the rapporteur, the project creates obstacles to the use of public resources in a financial crisis. “We are not living in a much worse moment because the FGC (Credit Guarantee Fund) is working. If the FGC didn’t work, today we would be experiencing a run on the banks to try to save money”, said Queiroz.
On the occasion, the rapporteur also made an appeal for Parliament not to give in on a project of a structuring nature. “I would like to ask here for the postponement of this project, but I would also like to ask for sensitivity, not only from the government, but also from the opposition, so that we can reach an agreement for a project that is structuring”, he declared.
As Broadcast Político has already shown, government supporters defend the exclusion of articles that regulate the procedure for authorizing the use of public resources when the unviability of financial institutions poses a risk of crisis to the financial system. According to these provisions, the National Monetary Council (CMN) may approve loans and temporary capitalization by the Union to legal entities subject to the stabilization regime.
Earlier, the leader of the PT in the Chamber, deputy Pedro Uczai (SC), said that he is against “putting public money to a bankrupt banker”. Behind the scenes, government officials have electoral concerns about the possibility that the approval of the project will give the impression to the population that President Luiz Inácio Lula da Silva (PT) wants to help the owner of Banco Master, Daniel Vorcaro, with public money.
