Quevedo & Ponce - Legal News
Processing of Proposed Laws Classified as Urgent Economic Matters
- March 5th, 2026
- Quevedo & Ponce
What is an Urgent Economic Bill?
These are legislative initiatives submitted by the Presidency of the Republic to the National Assembly. These bills must refer exclusively to a single subject, substantive aspects of economic policy, whose expedited processing is necessary to guarantee balanced public finances or to address an adverse economic situation. Art. 56 (4) LOFL
Furthermore, a new urgent economic bill may not be sent if one is already being processed, unless a State of Exception is in effect. Art. 140 CRE
Accelerated legislative procedure
· Qualification: The Legislative Administration Council (CAL) must qualify the bill, verifying that it meets all requirements. Art. 56 (4) LOFL
· Committee Processing: The specialized committee has 10 days to submit its report for the first debate. Art. 59 LOFL
· Second Debate: After incorporating observations from the first debate, the Plenary of the National Assembly will conduct the second debate. This must take place within the 30-day deadline to approve, modify, or deny the bill. Art.62 LOFL
What happens if the assembly does not issue a ruling?
The National Assembly has a period of 30 days to approve, modify, or deny them, from the date of receipt. If the Assembly does not issue a ruling within the 30-day period, the President may promulgate it as an Urgent Economic Decree-Law. This will enter into force upon its publication in the Official Gazette. Art. 62 LOFL
At Quevedo & Ponce, we analyze constitutional regulations to provide you with a clear vision of the impact of legal reforms on the country’s economic environment.
Más Artículos
Data Protection in Ecuador: Who Does It Apply To?
The LOPDP regulates how personal information is collected, used, stored, shared, and deleted, whether it is handled physically or digitally. Compliance is not simply a matter of publishing a privacy policy on a website; it requires incorporating data protection measures into the organization’s activities.
Protección de datos en Ecuador: ¿A quiénes aplica?
La Ley Orgánica de Protección de Datos Personales (LOPDP) regula el tratamiento de datos personales en Ecuador, tanto en medios físicos como digitales. Su aplicación no se limita a las grandes empresas, sino que comprende a organizaciones y personas que tratan datos personales, como colegios, guarderías, clínicas, empleadores, instituciones financieras y negocios que utilizan sistemas de videovigilancia.
Are promises to enter into a contract binding on the parties?
Before signing a final contract, it is common to use letters of intent or promises to contract as part of the negotiation process. These tools protect the interests of all parties when executed in compliance with the law.
¿Las promesas de celebrar un contrato son obligatorias para las partes?
Antes de firmar un contrato definitivo, es común recurrir a acuerdos de intenciones o promesas de contratar como parte de las negociaciones. Estas figuras permiten proteger los intereses de las partes si se realizan en conformidad con la ley.
Use of Digital Avatars: An Appropriate Measure Against Organized Crime?
Through Resolution No. 164-2026, the Plenary of Ecuador’s Council of the Judiciary approved the Technical-Operational Protocol for the Use of Digital Avatars as a Security Measure in Remote Hearings, introducing a new technological tool intended to mitigate certain risks faced by judges and other judicial officers.
