Bill To Amend The Federal Economic Competition Law Is Introduced

Mexico's President has submitted to Congress a bill proposing amendments to the Federal Economic Competition Law (FECL). This initiative, expected to be analyzed in the coming days, introduces modifications to the institutional framework and administrative procedures.

It is important to note that this initiative is separate from the proposal introduced in February of this year by Congressman Alfonso Ramírez Cuéllar, which seeks to establish a new legal framework for competition law.

From an institutional standpoint, this new initiative provides that the Federal Economic Competition Commission (COFECE) will cease to function as a constitutionally autonomous body and will be integrated into the Executive Branch under the new designation of the National Antitrust Commission (NAC). In addition, the number of commissioners comprising the new Board will be reduced from seven to five, and the body must be constituted no later than June 30, 2025.