Mexico Passes AMLO’s Austerity Law Curbing Excessive Spending
- Officials barred for 10 years from work at firms they policed
- Law may spark wave of resignations across government
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Mexican lawmakers on Tuesday approved President Andres Manuel Lopez Obrador’s sweeping “austerity law” that seeks to end excessive spending by government officials while also banning work in the private sector within 10 years of serving as a regulator.
Lower house lawmakers voted to approve the bill, in general, but debated into the night over several articles. The bill had already been approved by the Senate and, if no changes are made, it will be sent to the president to be signed into law. Lopez Obrador’s Morena party, which holds a majority in the lower house with its allies, backed the reform while opposition lawmakers voted against it.