LatinNews Daily - 07 August 2026

*Argentina’s senate has approved President Javier Milei’s controversial private property bill, with 37 votes in favour to 33 against, although removing contentious articles related to land purchases by foreigners and the fire management act. The original bill aimed to make state expropriation of property more difficult, lift restrictions on foreign ownership of rural land, loosen restrictions on the sale of land damaged by wildfires, and make it easier to evict squatters. The bill first presented by Milei proposed removing the cap on foreign ownership of rural land, but the government later amended the bill so that it would instead raise the limit for foreign ownership from 15% to 25%. Following pushback, the senate removed this article completely, keeping the 15% limit intact. Another controversial aspect of the bill was an article that proposed repealing special protections for land that had been damaged by wildfires, preventing it from being developed for real estate. Senators removed this provision amid criticism that it would encourage speculative burning. As senators debated the bill, demonstrators clashed with police outside the senate building in Argentina’s capital Buenos Aires in protest against the bill.

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