Senate passes bill allowing foreigners to invest in media companies
quinta-feira, 23 de maio de 2002 , 18h42 | POR REDAÇÃO

On Wednesday, May 22, the Brazilian Senate passed a constitutional amendment allowing foreign companies to own up to 30% of media companies. The measure was approved by 57 votes for to one against, with one abstention. It also allows legal entities, rather than solely individuals, to control media companies. The only party to call openly for rejection of the amendment was the PDT, albeit without applying a whip (i.e. PDT senators were free to vote as they saw fit). The bill won?t be enacted until a special session of Congress is convened to promulgate it. The Social Communication Council will be installed Tuesday, May 28, promised Sen. Ramez Tebet, president of Congress. The Government agreed to this move as a trade-off with the opposition.


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