Javier Milei presented the Omnibus Law project in Congress, in which he asks Congress to declare a public emergency in economic, financial, fiscal, pension, security, defense, tariff, energy, health, administrative and social matters until the 31st December 2025.
The original initiative consisted of 183 pages and 664 articles and is signed by the president, the chief of staff Nicolas Posse, and the ministers of the Executive Branch. However, the final project was reduced to 386 articles to achieve approval in Congress.
Throughout this project, tax reforms are proposed, the suspension of the application of the pension update formula, the possibility of privatizing more than 40 state companies, changes in the electoral system and the authorization to apply sanctions to demonstrations , among other measures.
These reforms are considered a complement to the Decree of Necessity and Urgency (DNU), and their main objective is to promote the freedom of all Argentine citizens.
Read also: The summary of Javier Milei's Omnibus Law: the main measures
Full text of the final version of the Omnibus Law by Javier Milei
User interest in the Omnibus Law is growing, according to Google Trends
The strike carried out by the Argentine Confederation of Workers (CGT) against the measures of Javier Milei's government caused a spike in searches for the Omnibus Law promoted by the President, as observed in Google Trends.
Searches on the Omnibus Law skyrocketed in the heat of the CGT strike. (Photo: Google Trends).
Among other things, the searches focused on the impact of the measures on the dollar stocks, labor rights and which deputies are in favor of the initiative.
The summary of the Omnibus Law by Javier Milei
1- Electoral reform
Elimination of the PASO.Elimination of the sheet list.Change in the composition of the Chamber of Deputies.Introduction of an election system by “single-member constituencies” for national deputies.Significant increase in the seats of the province of Buenos Aires.Elimination of the floor of five deputies per province. Possible reduction of representation for some provinces, such as Chubut.
Read also: Milei's project to reform the electoral system: eliminate the blanket list and move towards an English model
2- Demonstrations and street closures
Greater control of demonstrations and increased penalties for street closures. Punishment of up to three and a half years in prison for those who obstruct transportation. Sanctions for the organizers of the closures and liability for damages. Obligation to notify the Ministry of Security of the Nation all meetings or demonstrations, even spontaneous ones.
3- Legitimate defense
Expansion of the cases of “legitimate defense.” Consideration of the proportionality of the means used in favor of those who act in compliance with their duty or in the legitimate exercise of their right. Greater flexibility in the justification of self-defense in situations that involve differences age, physical build, experience in fights, number of aggressors and use of fake weapons.
Read also: The changes proposed by the Government of Javier Milei to expand legitimate defense
4- Money laundering
Possibility of regularizing up to US$100,000 in cash, real estate or cryptocurrencies without paying taxes. Deadline for joining the money laundering regime until November 30 of the following year, divided into three stages. Admission to the regularization of various types of assets inside and outside the country, including currency, real estate, stocks, cryptocurrencies, among others.
5- Tax moratorium
New regime for regularization of tax, customs and social security obligations. Adhesion for taxpayers for obligations due until November 30. Suspension of criminal actions and social security resources. Condonation of compensatory and punitive interests according to payment terms and modalities .
6- Personal property
Elimination of the rate differential for assets abroad. New rates with a range from 0.5% to 1.5%. Gradual simplification of the tax table in the years after 2023. Dynamic updating of amounts based on advances and payments.
7- Public work
Possibility of financing infrastructure with private investment. Power of the Executive Branch to renegotiate or terminate contracts in execution entered into before December 10, 2023. Return to the concession scheme and transfer of risk to the concessionaire. Dispute resolution mechanism for construction contracts public with expired deadlines and pending litigation.
Suspension of the retirement mobility formula without specifying the term. Power of the Executive Branch to establish a new modality for calculating readjustments, prioritizing equity and economic sustainability. Possibility of periodic discretionary increases, serving low-income beneficiaries.
9- Labor “laundering”
Promotion of Registered Employment through labor “laundering”. Extinction of criminal action and condonation of infractions, fines and sanctions for irregularities in the hiring of employees. Possible elimination from the Registry of Employers with Labor Sanctions (REPSAL). Deadlines for the regularization of labor relations and multi-year regularization plans.
10- Privatization of public companies
Privatization plan for public companies to concentrate State activity on essential functions. Objective of generating competition, economic efficiency, reduction of tax burden and better quality of services. Inclusion of companies such as Aerolíneas Argentinas, Correo Argentino, railways, Aysa, YPF, YCRT, Banco de la Nación, Casa de la Moneda and Nucleoeléctrica Argentina on the list.
11- Field retentions
Imposition of 15% in export duties for products that did not previously have this tax. Increase in the rate for soybeans and their derivatives. Affectation of products from regional economies that previously had a lower or no tax pressure.
Focus on maximizing income from resource exploitation and satisfying hydrocarbon needs. Limitation of the Executive Branch to set marketing prices in the domestic market. Freedom for state companies to set competitive prices. Free international trade in hydrocarbons.
13- Mental health
Changes in the mental health law, including the composition of the Review Body.Maintenance of the exceptional nature of hospitalization, after medical evaluation and the interdisciplinary team.Specific cases for hospitalization, such as lack of awareness of illness or risk to self or third parties .
Exam at the end of secondary school to accredit the level of performance of the students. Possibility of entering the public university through an exam or leveling course. Free degree studies for Argentines and permanent resident foreigners, with the possibility of charging a fee for foreigners .Possibility of homeschooling from the fourth grade of the primary level.
Modification of environmental laws, including the Native Forest Law, Glacier Law and Environmental Protection Law against Burning Activity. Creation of a carbon market and emissions controls in productive sectors. Establishment of emissions limits and possible fines to overcome them.
16- Simplified divorce
The initiative proposes the possibility of divorcing without the intervention of Justice and without the need for lawyers. It incorporates as a subsection in article 435 of the Civil and Commercial Code the option of “communication of the will to dissolve the bond presented by the spouses in “This communication would have the same legal effects as a judicially declared divorce. This would allow couples to obtain a divorce more easily and quickly, without resorting to a judicial process.
Read also: Omnibus Law: purchases abroad for personal use will not pay taxes
What is an Omnibus Law
The expression “omnibus law” became increasingly common in legislative circles and legal language. This term, which comes from the Latin “omnis” (all), refers to comprehensive legislation that addresses a variety of topics or issues in a single bill. Rather than addressing issues individually, an omnibus law seeks to address multiple issues within a unified legislative framework.
Main characteristics of an Omnibus Law:
Thematic breadth: An omnibus law is known for its thematic breadth. It can address issues ranging from fiscal and budgetary issues to environmental regulations and social issues. The idea behind this strategy is to consolidate multiple areas of legislation into a single document to improve efficiency and regulatory coherence. Complexity and volume: Given the comprehensive nature of these laws, they are often extensive and complex. The content can address various topics, and the writing should be precise enough to cover all relevant areas. Complexity often generates intense and detailed debates during the legislative process.Legislative agility: Omnibus law can be seen as an approach to address various problems more quickly and efficiently. Instead of passing multiple bills individually, lawmakers can consolidate them into a single piece of legislation to streamline the legislative process.
Advantages of Omnibus Laws:
Legislative efficiency: By addressing multiple issues in a single bill, we seek to save time and resources in the legislative process. This can be especially beneficial when there is an urgent need to address multiple issues simultaneously. Regulatory coherence: By consolidating related topics into a single document, greater regulatory coherence can be achieved. This avoids the possibility of having conflicting or contradictory regulations that could arise if each issue were addressed separately. Negotiation and compromise: Omnibus laws often require a high degree of negotiation and compromise between different stakeholders and legislators. This can encourage the construction of broader consensus and agreements on diverse issues.