Mexico's Senate Passes Controversial Bill to Eliminate Regulatory Agencies

Reported about 15 hours ago

Mexico's Senate has approved a contentious bill that aims to dismantle various autonomous regulatory agencies, absorbing their functions into existing federal ministries. This legislation, championed by former President Andrés Manuel López Obrador, is positioned as a measure to reduce government size and spending, but critics warn it threatens the independence of regulators and could hinder accountability in government oversight. The bill, which will likely become law soon, has raised concerns about its implications for competition and transparency within the energy and telecommunications sectors.

Source: YAHOO

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