Current:Home > StocksMexico’s president vows to eliminate regulatory, oversight agencies, claiming they are ‘useless’ -VisionFunds
Mexico’s president vows to eliminate regulatory, oversight agencies, claiming they are ‘useless’
NovaQuant Quantitative Think Tank Center View
Date:2025-04-06 13:54:54
MEXICO CITY (AP) — Mexico’s president vowed Monday to try to eliminate almost all remaining government oversight and regulatory agencies before he leaves office on Sept. 30, claiming they are “useless” and cost too much.
“There are a lot of wasteful agencies that do not serve any purpose,” President Andrés Manuel López Obrador said. “All of these supposedly autonomous agencies have to disappear.”
He vowed to send a bill to Congress to eliminate the federal anti-monopoly commission and agencies regulating telecommunications, the energy market and access to government information.
The president has accused the anti-monopoly commission of trying to block his efforts to increase the power of government-owned oil and energy companies. He has claimed the information access agency processes too many freedom of information requests from the public.
It is unclear whether López Obrador has the votes in Congress to make the changes. Most of the agencies are enshrined in the Constitution, and changing it requires a two-thirds vote.
López Obrador’s dislike of any kind of oversight, including separation of powers, has been a hallmark of his administration.
He has sought to cut funds for the judicial branch and eliminated requirements for environmental impact statements on government projects. He cut funds for the electoral watchdog organization and sought to limit its powers to enforce electoral rules.
López Obrador had previously mentioned his desire to eliminate external oversight agencies in 2020.
The watchdog groups were created by López Obrador’s predecessors, often to regulate areas that were once state-dominated, like the oil and electricity industries. Those sectors were opened to private competition, something López Obrador also opposes.
veryGood! (56412)
Related
- The Daily Money: Spending more on holiday travel?
- Students learn lessons on climate change, pollution through raising salmon
- Climate solutions do exist. These 6 experts detail what they look like
- Mandy Moore Shows Off Her New Bangs After Itching for a Hair Change
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Gigi Hadid Shares Glimpse Into Her Magical Birthday Celebration at Disney World
- A 15-year-old law would end fossil fuels in federal buildings, but it's on hold
- What history's hidden grandmother of climate science teaches us today
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Kate Spade 24-Hour Flash Deal: Get This $360 Satchel Bag for Just $89
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Julie Chen Moonves Wants Kim Kardashian and Tom Brady to Have a “Showmance” on Big Brother
- EPA's proposal to raise the cost of carbon is a powerful tool and ethics nightmare
- Halsey and Alev Aydin Break Up Nearly 2 Years After Welcoming Son
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 1923 Star Brandon Sklenar Joins Blake Lively in It Ends With Us
- Why finding kelp in the Galapagos is like finding a polar bear in the Bahamas
- Let them eat... turnips? Tomato shortage in UK has politicians looking for answers
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Zendaya Takes Coachella 2023 Stage for Surprise First Live Performance in 8 Years
Let them eat... turnips? Tomato shortage in UK has politicians looking for answers
Taylor Swift Proves She Belongs in NYC During Night Out With Blake Lively and Ryan Reynolds
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Denise Richards Is Returning to The Real Housewives of Beverly Hills: Find Out What She Revealed
Out-of-control wildfires cause evacuations in western Canada
Warming-fueled supercells will hit the southern U.S. more often, a study warns