PLP 459/2017 | Debt Securitization | House of Representatives

The bill allows the assignment of credit rights originating from tax and non-tax credits of the federative entities and introduces extrajudicial protest as a cause for interruption of the statute of limitations, in addition to authorizing the tax administration to request information from public or private entities and bodies.

In terms of merit, the project presents a series of benefits that justify its approval. Debt securitization will allow for the anticipation of revenues that would be received in the long term or, in many cases, would not be received at all. This offers a practical solution for the fiscal management of states and municipalities, enabling the financing of infrastructure projects and other initiatives of public interest. The project ensures that the revenue obtained from the assignment of credit rights is allocated, in equal parts, to public investments and the financing of Social Security, promoting economic development and helping to balance the pension system.

The transfer of credit to private investors creates new business opportunities, stimulating the financial market and promoting economic development. The possibility of obtaining additional resources without the need to take out new loans or increase taxes promotes more efficient and responsible management of public resources. Furthermore, by allocating part of the revenue to Social Security, the project contributes to the sustainability of retirement and pension benefits, benefiting millions of Brazilians.