After several hours of debate, the initiative secured 130 votes in favor, 106 against and seven abstentions late last night, and will now move to the Senate.

The bill creating the Incentive Regime for Large Investments in New Industries (Súper RIGI) includes tax, customs and foreign exchange incentives for investments exceeding US$1 billion.

Companies. Meanwhile, the reform of Law 19,550 on Commercial Companies was also presented yesterday before the Senate's General Legislation Committee. Deregulation and State Transformation Minister Federico Sturzenegger led the presentation, providing details of the proposal.

He distinguished between two types of companies that would be incorporated if the bill is approved: robot-automated companies — a subtype of corporation managed by software or robots — and Decentralized Autonomous Operational Companies (DAOs), managed by AI and with the ability to hire humans for specific tasks.

The official clarified that the initiative has been circulating "for quite some time within the Executive Branch," but delays in its submission stemmed from back-and-forth discussions between the Justice Ministry and the Legal and Technical Secretariat.

"Will this work? We don't know. Is it worth trying in Argentina? Absolutely, because if this actually works, it opens the door to developments we may never have imagined (...) There is no reason to think AI will be inherently less secure," Sturzenegger said.