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Brazil Chamber committee approves lottery income for calamity fund

Regulation

The Chamber of Deputies’ Finance and Taxation Committee approved a substitute bill allowing Brazil’s Special Fund for Public Calamities to receive the net proceeds of one numerical lottery contest each year for five years. The proposal now goes to the Constitution, Justice and Citizenship Committee; it must also pass both houses of Congress to become law.

If enacted, the bill would redirect proceeds from a special lottery contest to disaster response and civil defence.

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