The Senate approved this Wednesday, the 4th, the provisional measure that changes the rules of rural credit, named MP of Agriculture. The text was completed by the Chamber of Deputies on February 18 and will be sent for presidential approval.
However, the government expects the measure to inject R$1.4T5 billion more into the sector's credit. Among the changes envisaged are the creation of a guarantee fund for loans, subsidies for the construction of grain warehouses and improvements to rural title rules.
Approval of the MP
Agriculture Minister Tereza Cristina attended the plenary vote. Deputies from the ruralist caucus also went to the Senate and celebrated the approval of the provisional measure. President Jair Bolsonaro will be able to veto provisions changed by Congress in the content of the measure.
Therefore, one of the changes made in the Chamber of Deputies restores the possibility of including the Rural Product Certificate (CPR) in judicial recovery processes. As a result, rural producers will be able to submit these titles, signed as collateral for credit providers that finance the sector, to the recovery process in court.
Another modification removed from the deliberative councils of the regional development superintendencies the responsibility for analyzing loan operations made by banks using resources from constitutional funds. Still in the Chamber, deputies excluded from the text the determination to transfer at least 20% of the resources from the constitutional funds of the Northeast, North and Central-West (FNE, FNO and FCO) to private banks authorized to grant credits according to the guidelines of these funds.
Hurry
Even with the approval, senators once again complained about the short deadline to analyze a provisional measure. If it was not concluded by next Tuesday, the 10th, however, it would lose its validity. Some parliamentarians admitted in the plenary that they were voting on the MP without reading the text sent by the Chamber.
“This is the problem with provisional measures. We are believing here what is being expressed by Congressman Lupion (rapporteur of the MP in the Chamber, as he was in the Senate plenary)”, commented Senator Randolfe Rodrigues (Rede-AP).
In short, a Proposed Amendment to the Constitution (PEC) with stricter deadlines for analyzing provisional measures in the Chamber of Deputies and the Senate was approved last year. The PEC, however, has not yet been enacted due to technical differences between the two Houses.