Banca y Negocios
Among the set of observations made by Fedecámaras to the Organic Law for the Protection of Socioeconomic Rights project, currently pending its second discussion in the National Assembly, the proposal to limit the competence to control prices of essential goods and services to a period of 60 days, extendable for a similar period, stands out. Banks [...]
TL;DR
- Fedecámaras proposes limiting price controls on essential goods and services to 60 days, extendable for a similar period.
- This proposal is part of observations on the Organic Law for the Protection of Socioeconomic Rights.
- The organization argues that indefinite price controls create legal insecurity.
- Fedecámaras suggests the temporary nature of price controls should align with constitutional provisions for states of economic emergency.
- The group also recommends considering companies' cost structures when implementing exceptional price controls.