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Deputies Approve Youth Penal Bill as Milei Pushes to Seal Labor Overhaul and Opens University Funding Fight

The government faces timing and institutional hurdles that could upend plans to showcase reforms at the March 1 congressional address.

Overview

  • - The Chamber of Deputies passed a new juvenile penal regime lowering the age of imputability from 16 to 14 by 149–100, sending the bill to the Senate for final approval.
  • - The administration is fast-tracking the labor reform in Diputados on a compressed schedule tied to late February, but opposition blocs are working on changes that would force the text back to the Senate and delay enactment.
  • - The labor package already cleared the Senate in general and would introduce a bank of hours, revised severance calculations, a Labor Assistance Fund, authorization for foreign-currency salary payments, and updates to collective-bargaining rules if it passes unchanged.
  • - The executive added a university-financing bill to extraordinary sessions without a public draft, as university unions warn of lack of consultation and CIN–Education Ministry talks reference a disputed 12.3% salary recomposition offer and paritaria reopenings.
  • - Markets wobbled despite legislative advances, with Argentine ADRs falling up to 11%, the dollar Merval posting its steepest five-month drop, and country risk topping 500, while a federal social-security court ordered provisional restoration of Cristina Kirchner’s survivor’s pension.