Senate committee passes bill lifting ban on foreign investment in media

The Senate Constitution & Justice Committee passed Wednesday, April 10, a bill amending article 222 of the Federal Constitution to allow foreign investment in media organizations. The rapporteur for the bill is Sen. Romeu Tuma (PFL, São Paulo). Sens. Osmar Dias (PDT, Paraná) and Jefferson Peres (PDT, Amazonas) abstained. Sen. Tuma expects the measure to pass the floor of the upper house within a month at the most.

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