Skip to content
President Lulaindependent documentary archive

Independent archive. Not affiliated with Luiz Inácio Lula da Silva, the Government of Brazil or any party. Who we are

Program · Desenrola Brasil

Emergency Program for Renegotiation of Debts of Defaulting Individuals (Desenrola Brasil)

Problem
Default by individuals on private debts, owed to creditors such as financial institutions, public service providers, and retail companies.
Who it serves
Individuals listed in defaulter registries, in tiers defined by law.
How it works
Debt renegotiation: in Tier 1, an electronic auction with the highest-discount criterion and a guarantee from the Operations Guarantee Fund (FGO); in Tier 2, presumed credit for the financial agents that renegotiated debts. Created by MP 1,176/2023; according to the Chamber of Deputies, after an agreement in the Congress the text of the MP was included in PL 2,685/2022, introduced by Deputy Elmar Nascimento, which was converted into Law 14,690/2023, with an original duration through December 31, 2023.

Income and social protectionEconomic development

Relation to the Lula governments

Created under Lula · Third term (since 2023) · from June 2023 to May 2024

Provisional Measure No. 1,176 of June 5, 2023 instituted the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, linked to the Ministry of Finance, to encourage the renegotiation of private debts of individuals listed in defaulter registries.[1]

Law No. 14,690 of October 3, 2023, signed by Luiz Inácio Lula da Silva and Fernando Haddad, instituted the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil and, in its original wording, set its duration through December 31, 2023.[2]

Shared implementation · Third term (since 2023) · since 2023

Law 14,690 admits as participants debtors (individuals listed in defaulter registries), creditors (private-law legal entities responsible for listing debtors in defaulter registries, such as financial institutions, providers of public and public-utility services, retail companies, and service providers in general, including individual microentrepreneurs, microenterprises, and small businesses), and financial agents (financial institutions created by their own law or authorized to operate by the Central Bank of Brazil that hold authorization to carry out credit operations). Securitization companies, funds holding credits owed by individuals, credit-rights investment funds, and any other assignees of credits are also considered creditors (art. 2, § 1).[3]

The FGO could directly contract, without a bidding process, an entity to operate the program, paid exclusively by the creditors, with charging debtors prohibited; according to a Ministry of Finance note, B3 was the operating entity.[4]

Reshaped under Lula · Third term (since 2023) · since 2026

Provisional Measure No. 1,393 of September 25, 2026 amended Law 14,690 to institute the Emergency Mode of Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil 3.0, lasting through June 30, 2028, operated through the acquisition of debt portfolios by the Union, by a fund, or by other financial instruments.[5]

Origin and precursors

Origin milestone: founding legal act, Third term (since 2023).

Provisional Measure No. 1,176 of June 5, 2023 instituted the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, linked to the Ministry of Finance, to encourage the renegotiation of private debts of individuals listed in defaulter registries.[1]

Precursors

  • PL 2,685/2022 (Chamber of Deputies), bill that originated Law 14,690/2023 earlier legal basis According to the Chamber, PL 2685/2022 received a new summary, which institutes the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, and was converted into Ordinary Law 14690/2023, published in the DOU of October 3, 2023.[6]
  • Operations Guarantee Fund in Pronampe earlier technical basis The Tier 1 guarantee and the program's operating costs were assigned to the FGO funds available on June 6, 2023 for the Pronampe guarantee (Law No. 13,999/2020); unused and recovered amounts return to the Pronampe.[7]

Precursor investigation: new structure established (October 14, 2026).

Scope: MP 1,176/2023, Law 14,690/2023 and the progress of PL 2,685/2022 (Chamber), MPs 1,199 and 1,211 (extensions), MP 1,393/2026, Law 14,995/2024; statement of reasons; notes from the Ministry of Finance (copies in the Internet Archive); Central Bank of Brazil data (SCR); SIOP.

Responsibilities

  • Ministry of Finance federal management

    Law 14,690 assigns the conduct of Desenrola Brasil to the Ministry of Finance, which issues the implementing regulatory acts; according to the ministry, the program was led by the Secretariat of Economic Reforms.[8]

  • National Congress (PL 2,685/2022, bill that originated the law) legislative approval

    According to the Chamber, PL 2685/2022 received a new summary, which institutes the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, and was converted into Ordinary Law 14690/2023, published in the DOU of October 3, 2023.[6]

  • Entity operating the platform financial operation

    The FGO could directly contract, without a bidding process, an entity to operate the program, paid exclusively by the creditors, with charging debtors prohibited; according to a Ministry of Finance note, B3 was the operating entity.[4]

  • Central Bank of Brazil oversight

    The Central Bank had to supervise the participating institutions, monitor and publish data and statistics on the operations every month, and provide input to the Ministry of Finance for evaluating the results.[9]

Timeline

Timeline of Emergency Program for Renegotiation of Debts of Defaulting Individuals (Desenrola Brasil)
DatePhaseWhat happened
June 2023Legal actMP 1,176/2023 establishes the program.[1]
September 2023ImplementationDiscount auction with creditors.[10]
October 2023Legal actLaw 14,690/2023 enacted without vetoes.[2]
May 2024TerminationEnd of the renegotiations, according to the Ministry of Finance.[11]
2026RelaunchMP 1,393/2026 inserts Desenrola Brasil 3.0 into Law 14,690/2023.[5]

What was established

According to Agência Câmara, President Luiz Inácio Lula da Silva signed into law, without vetoes, the bill that creates Desenrola Brasil, converted into Law 14,690/23.[12]

Law 14,690 repealed Provisional Measure No. 1,176/2023 and validated the regulations, transactions, and acts carried out on the basis of it.[13]

How it works

In Tier 1, the credit operations had interest of at most 1.99% per month, a grace period of 30 to 59 days, a term of 2 to 60 months, a minimum installment of R$50.00, and amortization by the Price Table (Tabela Price).[14]

The Tier 1 financial agents could request a guarantee from the Operations Guarantee Fund (FGO), limited to the principal of the debt and to R$5,000.00 per debtor, with the reduction of this cap allowed in order to serve the largest possible number of debtors.[15]

In Tier 1, the law set the rules of the competitive process: holding an auction in electronic form, using the highest-discount criterion; establishing mandatory minimum discounts for each lot; and grouping the debts eligible for renegotiation by Individual Taxpayer Registry (CPF) number.[16]

In Tier 2, the law allowed the qualified financial agents that renegotiated debts to calculate presumed credit, in the manner provided for in the law and in a limited total amount, from calendar year 2024 through calendar year 2028.[17]

The law provided for a digital platform accessed with a gold- or silver-level gov.br account, with a financial education course, and required Caixa and Banco do Brasil to provide free in-person instruction, at all branches, to those who had difficulty accessing it.[18]

Financial institutions with a volume of funding above R$30,000,000,000.00, in order to participate as creditors in Tier 1, had to permanently delete default records of R$100.00 or less.[19]

Tier 1 credits honored by the FGO and not recovered had to be auctioned by the financial agents within 12 months; after the last auction, the portion subrogated to the FGO that was not sold would be considered extinguished.[20]

Debts outside Tiers 1 and 2 could be settled through the platform until December 31, 2023, in free negotiation and without the FGO guarantee.[21]

Who it serves

Tier 1 covered private debts of people listed in defaulter registries by December 31, 2022, with an active record on June 28, 2023, with monthly income of up to 2 minimum wages or registered in the CadÚnico; it excluded debts with collateral, rural credit, and real estate financing.[22]

Tier 2 covered the renegotiation of private debts of individuals listed in defaulter registries by December 31, 2022 and with an active record on June 28, 2023, with a debtor whose monthly income was equal to or less than R$20,000.00 (twenty thousand reais), a credit operation contract date through December 31, 2023, and a minimum payment term of 12 (twelve) months; it excluded debts that have a guarantee from the Union or a public entity, have any type of provision for contributions of public funds, or any equalization of interest rates by the Union.[23]

According to the Ministry of Finance, Tier 1 encompassed debts listed as delinquent between January 2019 and December 2022, of up to R$20 thousand each in updated value.[24]

Governance

Federal bodies and entities had to share with the operating entity and the financial agents the data needed to verify requirements (including income), validate information, and prevent fraud, with the data subject's prior consent waived.[25]

In the mode created by MP 1,393, the Ministry of Finance may contract, without a bidding process, Banco do Brasil or Caixa to operate the competitive procedure and manage the acquired portfolios, and those banks as the financial agents of the installment plans.[26]

Changes

Provisional Measure No. 1,199 of December 11, 2023 gave new wording to Law No. 14,690 so that Desenrola Brasil would last through March 31, 2024, with the exception of item II of § 2 of art. 16, and repealed § 2 of art. 12 of Law No. 14,690 of 2023.[27]

In the mode created by MP 1,393, the credits eligible for acquisition must meet criteria such as debts in default for more than seven hundred and twenty and less than one thousand six hundred and forty-five days, counted from September 25, 2026, and defaulted debts with an original value of less than R$10,000.00 (ten thousand reais), with the provisions of § 3 excepted in both cases, and a minimum discount of 90% (ninety percent) off the face value of each portfolio offered; the debtor may settle the debt in a lump sum with a discount equivalent to up to the same discount obtained in the acquisition of the portfolio.[28]

Law No. 14,995 of October 10, 2024 authorized the transfer of funds to the FGO, under the Programa Acredita no Primeiro Passo, with the redemption of shares corresponding to amounts not used to guarantee operations with FGO funds referred to in the caput of art. 10 of Law No. 14,690 of October 3, 2023, not including the funds committed to honoring the operations contracted up to the date Provisional Measure No. 1,213 of April 22, 2024 came into force, nor those needed to cover the operating costs of the FGO Desenrola until its closure; the same law provided that, to cover the operations contracted under Procred 360, the FGO will use funds not used to guarantee the operations referred to in art. 10 of Law No. 14,690.[29]

Budget and spending

Figures are nominal unless stated otherwise. Announced, authorized, committed, liquidated and paid amounts are different things and appear with the type indicated. In SIOP lines, "paid" means paid within the same fiscal year (arrears settled later are not counted), and one budget action can fund more than one program: the text says when the action is only part of a program.

According to the Statement of Reasons of MP 1,176, the Tier 1 guarantee would use funds already available in the FGO Pronampe (Law 13,999/2020), so that the program would not require additional contributions of public funds to the fund.[30]

The Statement of Reasons reported that Tier 2 does not generate revenue waiver in 2023 and recorded BCB estimates of a tax waiver of R$19.4 million in 2024, R$7.8 million in 2025, and R$12.6 million in 2026.[31]

According to the Ministry of Finance, R$1.7 billion of the R$8 billion reserved for the FGO as a guarantee was allocated to Desenrola, an amount to be used only in case of default on the renegotiations; the remainder could go to other policies.[32]

According to the Ministry of Finance (February 2025), the government allocated R$1.5 billion in guarantees to banks using remaining FGO Desenrola funds, for Procred 360 credit to small businesses.[33]

In the technical note on MP 1,176/2023, the Conof assessed that the Faixa 1 rules do not have an impact on federal revenues or expenditures because the FGO guarantee would use part of the fund resources already available for Pronampe, with no additional public resources contributed to the fund; and that the presumed credit of Faixa 2 translates into a tax-related benefit that gives rise to revenue waiver, assessable from 2024 to 2028 (analysis by the advisory office, of June 12, 2023).[34]

In the technical note on MP 1,211/2024, the Conof assessed that the extension of Faixa 1 would not have an impact on federal revenues or expenditures because it would be made possible with resources already available in the FGO (analysis by the advisory office, of April 2, 2024).[35]

Beneficiaries

Annual flow, a monthly stock and a cumulative total cannot be added together.

According to the Ministry of Finance, Desenrola Brasil benefited 15.06 million people with the renegotiation of R$53.07 billion in debts, an amount that corresponds to 0.5% of GDP (cumulative from July 2023 to May 2024).[36]

According to the Ministry of Finance, Tier 1, begun in October 2023, benefited a total of five million people with the renegotiation of R$25.43 billion in debts.[37]

According to the Ministry of Finance, Tier 2 (direct negotiation with the banks, income of up to R$20 thousand) benefited three million people with the renegotiation of R$26.5 billion in debts; the tier ended at the end of December.[38]

According to the Ministry of Finance, the program began with the main banks automatically removing 10 million records of debts of up to R$100 from the defaulter registries, totaling about R$1 billion.[39]

According to the Ministry of Finance, there were renegotiations in 5,567 of the 5,571 municipalities with an eligible public; in Tier 1, women were 52% of the eligible public and 56% of those who negotiated on the platform.[40]

Deliverables

Announcement, contracting, completion and operation are different phases.

According to the Tier 1 census released by the Ministry of Finance, the average discount on the site was 90% for lump-sum payments and about 85% for installment payments; the installment renegotiations had an average of 13 installments and average interest of 1.82% per month.[41]

According to the Ministry of Finance, access to the platform, initially restricted to gold- or silver-level gov.br accounts, was opened to the bronze account, and the ministry regulated partnerships for access through the channels of Serasa Limpa Nome, Itaú Unibanco, Santander, and Caixa.[42]

Observed results

A result observed during a term may have causes other than the program.

The Ministry of Finance cited a Serasa survey according to which, from May 2023 to March 2024, the number of defaulters with the profile and debts of Tier 1 fell from 25.2 million to 23.1 million (a reduction of 8.7%), while in the general group of defaulters, excluding Tier 1 beneficiaries, there was an increase of 6.8%. The comparison is not a causal assessment.[43]

Limitations

The Central Bank data on Desenrola do not include renegotiations not eligible for the program, even when offered on the same terms, and, for the reference date of September 2023, accumulate operations from September and earlier months.[44]

In announcing the Novo Desenrola Brasil in May 2026, the Ministry of Finance reported that household default had reached 5.3% in March 2026.[45]

Context

Law No. 14,995/2024 instituted Desenrola Pequenos Negócios, intended for individual microentrepreneurs, microenterprises, small businesses, and cooperative societies, with the aim of encouraging the renegotiation of debts of companies with annual gross revenue equal to or less than R$4,800,000.00; the financial institutions that renegotiate these debts by December 31, 2024, except credit unions and consortium administrators, may be entitled to calculate presumed credit.[46]

According to the Ministry of Finance, Desenrola Pequenos Negócios made possible the renegotiation of R$7.5 billion in bank debts of about 120 thousand MEIs (individual microentrepreneurs), microenterprises, and small businesses between May and December 2024.[47]

Provisional Measure No. 1,355 of May 4, 2026 instituted the Extraordinary Program for Households' Financial Rebalancing - Novo Desenrola Brasil, for individuals with monthly income equal to or less than five minimum wages who, among other requirements, have credit operation contracts entered into by January 31, 2026 and installments overdue between ninety-one and seven hundred and twenty days, with a new operation at a maximum interest rate of 1.99% per month, a term of twelve to forty-eight months, an amount of up to R$15,000.00 per beneficiary and per financial institution, and an initial offer period of ninety days, counted from the date of publication of the Provisional Measure.[48]

According to the Ministry of Finance, the Federal Government announced on May 4, 2026 the Novo Desenrola Brasil, the 'second edition of the program that has already benefited about 15 million Brazilians since 2023', with the renegotiation of about R$53 billion in debts; MP 1,355 establishes the Extraordinary Program for the Financial Rebalancing of Families - Novo Desenrola Brasil.[49]

MP 1,355/2026 authorized the Union to increase its stake in the FGO by up to R$5,000,000,000.00 to cover the debt restructuring operations provided for in the measure, and ordered the transfer to the FGO of the 'amounts to be returned' from the Amounts Receivable System (Sistema de Valores a Receber) reported by December 31, 2024.[50]

Provisional Measure No. 1,373 of June 29, 2026 established the Desenrola Adimplentes and authorized the Union, subject to budgetary and financial availability, to allocate up to R$3,000,000,000.00 to a reimbursable credit line for beneficiaries of the program, who must, among other requirements, not have an active formal employment relationship; the financial agents are Banco do Brasil S. A. and Caixa Econômica Federal (Caixa).[51]

In SIOP, for the current fiscal year 2026 (partial figures), action 00YH (Financing for Beneficiaries of the Desenrola Adimplentes Program), of the unit Resources under the Supervision of the Ministry of Finance, in the budget plan Provisional Measure No. 1,377 of July 16, 2026, had an initial appropriation of zero, authorized and committed of R$3,000,000,000, and liquidated and paid of R$1,650,000,000. The action finances the reimbursable credit line of the Desenrola Adimplentes, a program of its own established by MP 1,373/2026 for borrowers who are current on their payments.[52]

Provisional Measure No. 1,377 of July 16, 2026 opened extraordinary credit of R$13,285,000,000.00, which included R$3,000,000,000 in action 00YH (Financing for Beneficiaries of the Desenrola Adimplentes Program) and R$1,000,000,000 in action 00YG (Financing for Beneficiaries Who Are Current on the Student Financing Fund, Fies), both under Official Credit Operations.[53]

The same MP 1,373/2026 established the National Program of Financial Incentive for Timely Payment in the Student Financing Fund (Fies Empreendedor), with a reimbursable credit line for beneficiaries of Fies who are current on their payments, authorizing the Union to allocate up to R$1,000,000,000.00.[54]

According to its summary (ementa), MP 1,355/2026 establishes the Extraordinary Program for the Financial Rebalancing of Families (Novo Desenrola Brasil), provides for the transfer of resources to the Operations Guarantee Fund, and amends Law No. 12,087/2009, Law No. 14,467/2022, Law No. 14,509/2022, Law No. 13,999/2020, Law No. 10,260/2001, Law No. 8,213/1991 and Law No. 10,820/2003.[55]

According to the MEC (August 31, 2026), the Desenrola Fies 2026, a renegotiation of Fies contracts signed up to 2017, had a deadline for enrollment of August 31, considering the validity of Provisional Measure No. 1,355/2026; the MP amended the Fies legislation and set the renegotiation conditions, with discounts for debts that were overdue and unpaid as of the date of its publication.[56]

Provisional Measure No. 1,213 of April 22, 2024 established the Acredita no Primeiro Passo Program, amended Law No. 13,999/2020 to establish Procred 360, and established the Desenrola Pequenos Negócios (renegotiation of debts of MEIs, microenterprises and small businesses); the same program appears in art. 19 of Law No. 14,995/2024.[57]

Law 14,818/2024 authorizes the transfer, to the fund that finances the financial-educational incentive for high school, of amounts not used to guarantee FGO operations under Law No. 13,999/2020, as well as amounts recovered under art. 25 of Law No. 14,690/2023.[58]

Law No. 14,719 of November 1, 2023 amended Law No. 10,260/2001, on student financing, to allow students with debts that were overdue and unpaid as of June 30, 2023 to settle them by joining the settlement, with a discount of up to 99% of the consolidated amount of the debt for debts overdue for more than 360 days of those registered in the CadÚnico or beneficiaries of the 2021 Emergency Aid (Auxílio Emergencial), and of up to 77% for the others with more than 360 days.[59]

According to the MEC (September 3, 2024), the Desenrola Fies, a Fies debt renegotiation program for contracts signed up to 2017 and in default as of June 30, 2023, had 351,696 contracts renegotiated, with R$677 million returned to the public coffers, and more than 844 thousand students still eligible; the enrollment deadline was extended to December 31 of that year (data reported by the government).[60]

Methodology

The Central Bank publishes monthly, in CSV, aggregate SCR data on Desenrola operations (number and value after discount, by institution, state, and tier), excluding operations settled with the borrower's own funds at the time of renegotiation and those of clients with total debts of less than two hundred reais.[61]

Origin

Bill No. 2,685/2022, introduced in the Chamber on October 27, 2022 by Deputy Elmar Nascimento, proposed the National Program for Renegotiation of Family Debts (ReFamília), for families with monthly income of up to R$5,000.00, operated by a credit guarantee fund with participation of the Union.[62]

According to the Statement of Reasons of MP 1,176, signed by Minister Fernando Haddad, there were about 70 million defaulting Brazilians (approximately 42% of the adult population), of whom about 43 million were in families with income of up to two minimum wages.[63]

The Statement of Reasons describes the program in two axes: Tier 1, of operations with a guarantee, and Tier 2, of renegotiations based on presumed credit, with contracting through December 31, 2023.[64]

According to an Agência Câmara news item of October 4, 2023, the text of MP 1176/23, which would lose its validity on Tuesday (3rd), was included, after an agreement in the National Congress, in PL 2685/22, which dealt with limiting credit card interest; the Chamber records the status of the MP as 'Lost Effectiveness'.[65]

Precursors

The Statement of Reasons of MP 1,176 says that financial agents will be able to calculate as presumed credit certain types of credits arising from temporary differences, in a manner similar to that established by Law No. 14,257 of December 1, 2021, which instituted the Credit Stimulus Program (Programa de Estímulo ao Crédito).[66]

Responsibilities

The financial agents financed the renegotiations with their own funds, collected the defaulted contracts in their own name, bore the recovery expenses, and were answerable for the truthfulness of the information and the accuracy of the amounts reimbursed.[67]

Sources and evidence

Excerpts are quoted in the original language of the source.

  1. 1. Provisional Measure No. 1,176 of June 5, 2023 instituted the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, linked to the Ministry of Finance, to encourage the renegotiation of private debts of individuals listed in defaulter registries.

  2. 2. Law No. 14,690 of October 3, 2023, signed by Luiz Inácio Lula da Silva and Fernando Haddad, instituted the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil and, in its original wording, set its duration through December 31, 2023.

  3. 3. Law 14,690 admits as participants debtors (individuals listed in defaulter registries), creditors (private-law legal entities responsible for listing debtors in defaulter registries, such as financial institutions, providers of public and public-utility services, retail companies, and service providers in general, including individual microentrepreneurs, microenterprises, and small businesses), and financial agents (financial institutions created by their own law or authorized to operate by the Central Bank of Brazil that hold authorization to carry out credit operations). Securitization companies, funds holding credits owed by individuals, credit-rights investment funds, and any other assignees of credits are also considered creditors (art. 2, § 1).

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 2, items I and II. Accessed October 14, 2026.
      “I – na condição de devedores: pessoas físicas inscritas em cadastros de inadimplentes; II – na condição de credores: pessoas jurídicas de direito privado responsáveis pela inscrição de devedores em cadastros de inadimplentes, tais como instituições financeiras, prestadores de serviços públicos e de utilidade pública, empresas varejistas e prestadores de serviço em geral”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 2, item III. Accessed October 14, 2026.
      “III – na condição de agentes financeiros: instituições financeiras criadas por lei própria ou autorizadas a funcionar pelo Banco Central do Brasil que detenham autorização para realizar operações de crédito.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 2, item II (end). Accessed October 14, 2026.
      “prestadores de serviço em geral, inclusive microempreendedores individuais, microempresas e empresas de pequeno porte de que trata a Lei Complementar nº 123, de 14 de dezembro de 2006”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 2, § 1. Accessed October 14, 2026.
      “Para os fins do inciso II do caput deste artigo, as companhias securitizadoras, os fundos titulares de créditos de pessoas físicas, os fundos de investimentos em direitos creditórios e quaisquer outros cessionários de créditos são considerados credores.”

  4. 4. The FGO could directly contract, without a bidding process, an entity to operate the program, paid exclusively by the creditors, with charging debtors prohibited; according to a Ministry of Finance note, B3 was the operating entity.

  5. 5. Provisional Measure No. 1,393 of September 25, 2026 amended Law 14,690 to institute the Emergency Mode of Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil 3.0, lasting through June 30, 2028, operated through the acquisition of debt portfolios by the Union, by a fund, or by other financial instruments.

    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: epigraph. Accessed October 14, 2026.
      “MEDIDA PROVISÓRIA Nº 1.393, DE 25 DE SETEMBRO DE 2026”
    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2, caput. Accessed October 14, 2026.
      “Art. 2º A Lei nº 14.690, de 3 de outubro de 2023, passa a vigorar com as seguintes alterações:”
    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 1, § 2, of Law 14,690). Accessed October 14, 2026.
      “§ 2º O Desenrola Brasil 3.0, de que trata o Capítulo VIII-A, terá duração até 30 de junho de 2028.”
    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 31-A of Law 14,690). Accessed October 14, 2026.
      “Art. 31-A. Fica instituída a Modalidade Emergencial de Renegociação de Dívidas de Pessoas Físicas Inadimplentes - Desenrola Brasil 3.0, nos termos do disposto neste Capítulo, com o objetivo de fomentar a regularização das dívidas.”
    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 31-A, sole paragraph, of Law 14,690). Accessed October 14, 2026.
      “Parágrafo único. O disposto neste Capítulo será operacionalizado mediante aquisição das carteiras a que se refere o art. 31-C pela União, por fundo privado, fundo de investimentos em direitos creditórios ou outros instrumentos financeiros.”

  6. 6. According to the Chamber, PL 2685/2022 received a new summary, which institutes the Emergency Program for Renegotiation of Debts of Defaulting Individuals - Desenrola Brasil, and was converted into Ordinary Law 14690/2023, published in the DOU of October 3, 2023.

  7. 7. The Tier 1 guarantee and the program's operating costs were assigned to the FGO funds available on June 6, 2023 for the Pronampe guarantee (Law No. 13,999/2020); unused and recovered amounts return to the Pronampe.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 10, caput. Accessed October 14, 2026.
      “Art. 10. A garantia das operações do Desenrola Brasil - Faixa 1 e os custos de operacionalização do Programa serão suportados pelos recursos do FGO disponíveis, em 6 de junho de 2023, para a garantia das operações de crédito do Programa Nacional de Apoio às Microempresas e Empresas de Pequeno Porte (Pronampe), de que trata a Lei nº 13.999, de 18 de maio de 2020, observados os termos do estatuto do FGO Pronampe.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 10, § 2. Accessed October 14, 2026.
      “§ 2º Os valores não utilizados para garantia das operações contratadas no âmbito do Desenrola Brasil - Faixa 1 e os valores recuperados na forma prevista no art. 25 desta Lei serão destinados para a garantia das operações de crédito do Pronampe”

  8. 8. Law 14,690 assigns the conduct of Desenrola Brasil to the Ministry of Finance, which issues the implementing regulatory acts; according to the ministry, the program was led by the Secretariat of Economic Reforms.

  9. 9. The Central Bank had to supervise the participating institutions, monitor and publish data and statistics on the operations every month, and provide input to the Ministry of Finance for evaluating the results.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 26, items II and III. Accessed October 14, 2026.
      “II – acompanhar e divulgar mensalmente os dados e as estatísticas relativos às operações de crédito realizadas no âmbito do Desenrola Brasil; e III – prestar subsídios ao Ministério da Fazenda para avaliação dos resultados obtidos no âmbito do Desenrola Brasil”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 26, caput. Accessed October 14, 2026.
      “Art. 26. O Banco Central do Brasil deverá:”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 26, item I. Accessed October 14, 2026.
      “I – fiscalizar o cumprimento pelas instituições de que trata o inciso III do caput do art. 2º desta Lei, na condição de credores ou de agentes financeiros do Programa, das condições estabelecidas para as operações de crédito garantidas ou realizadas no âmbito do Desenrola Brasil;”

  10. 10. According to the Ministry of Finance, the auction of discounts offered by creditors was concluded on September 26, selected 654 companies with debts receivable, and reached R$126 billion in discounts offered, with an average of 83%.

  11. 11. According to the Ministry of Finance, Desenrola Brasil came to an end on May 20, 2024; Tier 2 ended at the end of December and Tier 1, begun in October 2023, was extended twice.

  12. 12. According to Agência Câmara, President Luiz Inácio Lula da Silva signed into law, without vetoes, the bill that creates Desenrola Brasil, converted into Law 14,690/23.

  13. 13. Law 14,690 repealed Provisional Measure No. 1,176/2023 and validated the regulations, transactions, and acts carried out on the basis of it.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 36, item II and sole paragraph. Accessed October 14, 2026.
      “II – a Medida Provisória nº 1.176, de 5 de junho de 2023. Parágrafo único. Ficam convalidados os regulamentos, os negócios e os atos jurídicos praticados com fundamento na Medida Provisória nº 1.176, de 5 de junho de 2023.”

  14. 14. In Tier 1, the credit operations had interest of at most 1.99% per month, a grace period of 30 to 59 days, a term of 2 to 60 months, a minimum installment of R$50.00, and amortization by the Price Table (Tabela Price).

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 8, § 1, items I and II. Accessed October 14, 2026.
      “I – taxa de juros de, no máximo, 1,99% (um inteiro e noventa e nove centésimos por cento) ao mês; II – carência de, no mínimo, 30 (trinta) dias e, no máximo, 59 (cinquenta e nove) dias”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 8, § 1, caput. Accessed October 14, 2026.
      “§ 1º A oferta de operações de crédito para financiamento de dívidas no âmbito do Desenrola Brasil - Faixa 1 deverá conter todas as informações exigidas pela Lei nº 8.078”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 8, § 1, items IV to VI. Accessed October 14, 2026.
      “IV – prazo mínimo de 2 (dois) meses e máximo de 60 (sessenta) meses para pagamento das operações; V – parcela mínima de R$ 50,00 (cinquenta reais); e VI – sistema de amortização com base na Tabela Price.”

  15. 15. The Tier 1 financial agents could request a guarantee from the Operations Guarantee Fund (FGO), limited to the principal of the debt and to R$5,000.00 per debtor, with the reduction of this cap allowed in order to serve the largest possible number of debtors.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 9, caput. Accessed October 14, 2026.
      “Art. 9º Os agentes financeiros habilitados no Programa poderão solicitar garantia do Fundo de Garantia de Operações (FGO), de que trata a Lei nº 12.087, de 11 de novembro de 2009, para financiar a quitação de dívidas no âmbito do Desenrola Brasil - Faixa 1”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 9, § 1, item II. Accessed October 14, 2026.
      “II – valor de R$ 5.000,00 (cinco mil reais) por devedor, considerado o somatório das dívidas financiadas, nos termos estabelecidos em regulamento, admitida a redução do valor máximo de garantia para atender o maior número possível de devedores no âmbito do Desenrola Brasil - Faixa 1.”

  16. 16. In Tier 1, the law set the rules of the competitive process: holding an auction in electronic form, using the highest-discount criterion; establishing mandatory minimum discounts for each lot; and grouping the debts eligible for renegotiation by Individual Taxpayer Registry (CPF) number.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 15, item I. Accessed October 14, 2026.
      “I – realização de leilão sob a forma eletrônica, com adoção do critério de maior desconto;”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 15, items III and IV. Accessed October 14, 2026.
      “III – estabelecimento de descontos mínimos obrigatórios para cada lote, conforme avaliação de mercado, e atribuição, a cada um deles, do valor correspondente aos recursos destinados pelo FGO para cobertura do risco das operações do Desenrola Brasil - Faixa 1; e IV – agrupamento por número de inscrição no Cadastro de Pessoas Físicas (CPF) das dívidas aptas a serem renegociadas”

  17. 17. In Tier 2, the law allowed the qualified financial agents that renegotiated debts to calculate presumed credit, in the manner provided for in the law and in a limited total amount, from calendar year 2024 through calendar year 2028.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 17, caput. Accessed October 14, 2026.
      “Art. 17. Os agentes financeiros habilitados que renegociarem dívidas no âmbito do Desenrola Brasil - Faixa 2 poderão apurar crédito presumido na forma prevista nesta Lei, em montante total limitado ao menor valor entre:”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 18, caput. Accessed October 14, 2026.
      “Art. 18. A apuração do crédito presumido poderá ser realizada a partir do ano-calendário de 2024 até o ano-calendário de 2028”

  18. 18. The law provided for a digital platform accessed with a gold- or silver-level gov.br account, with a financial education course, and required Caixa and Banco do Brasil to provide free in-person instruction, at all branches, to those who had difficulty accessing it.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 12, § 2 (original wording). Accessed October 14, 2026.
      “§ 2º A plataforma digital do Desenrola Brasil será acessada pelos devedores por meio da utilização de conta pessoal no portal "gov.br", com níveis de certificação digital ouro ou prata.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 12, item II. Accessed October 14, 2026.
      “II – ficar responsável pelas etapas e pelos serviços previstos no art. 11 desta Lei e disponibilizar a plataforma digital para operacionalização do Programa, que deverá oferecer acesso a curso de educação financeira aos devedores;”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 8, § 4. Accessed October 14, 2026.
      “§ 4º A Caixa Econômica Federal e o Banco do Brasil deverão prestar gratuitamente, em todas as suas agências, instruções presenciais aos devedores que tiverem dificuldade em acessar a plataforma digital do Programa.”

  19. 19. Financial institutions with a volume of funding above R$30,000,000,000.00, in order to participate as creditors in Tier 1, had to permanently delete default records of R$100.00 or less.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 7, caput and item I. Accessed October 14, 2026.
      “quando tiverem volume de captações superior a R$ 30.000.000.000,00 (trinta bilhões de reais), deverão providenciar: I – a baixa permanente, nos cadastros de inadimplentes, serviços de proteção ao crédito e congêneres, dos registros ativos cujo valor seja igual ou inferior a R$ 100,00 (cem reais); e”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 7, beginning of the caput. Accessed October 14, 2026.
      “Art. 7º Para participar do Desenrola Brasil - Faixa 1 como credoras”

  20. 20. Tier 1 credits honored by the FGO and not recovered had to be auctioned by the financial agents within 12 months; after the last auction, the portion subrogated to the FGO that was not sold would be considered extinguished.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 25, § 1. Accessed October 14, 2026.
      “§ 1º Os créditos do Desenrola Brasil - Faixa 1 honrados pelo FGO e não recuperados na forma prevista no caput deste artigo serão leiloados pelos agentes financeiros no prazo de até 12 (doze) meses, contado da data da satisfação da garantia.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 25, § 3. Accessed October 14, 2026.
      “§ 3º Depois de realizado o último leilão de que trata o § 2º deste artigo pelos agentes financeiros, a parcela do crédito sub-rogada pelo FGO eventualmente não alienada será considerada extinta de pleno direito”

  21. 21. Debts outside Tiers 1 and 2 could be settled through the platform until December 31, 2023, in free negotiation and without the FGO guarantee.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 35, caput. Accessed October 14, 2026.
      “Art. 35. As dívidas de pessoas físicas inscritas em cadastro de inadimplentes que não se enquadrem no Desenrola Brasil - Faixas 1 e 2 poderão ser objeto de quitação por meio da plataforma digital do Programa de que trata o inciso II do caput do art. 11 desta Lei até 31 de dezembro de 2023, na forma estabelecida em regulamento.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 35, sole paragraph. Accessed October 14, 2026.
      “sem a garantia do FGO a que se refere o art. 9º desta Lei.”

  22. 22. Tier 1 covered private debts of people listed in defaulter registries by December 31, 2022, with an active record on June 28, 2023, with monthly income of up to 2 minimum wages or registered in the CadÚnico; it excluded debts with collateral, rural credit, and real estate financing.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 6, caput and items. Accessed October 14, 2026.
      “Art. 6º O Desenrola Brasil - Faixa 1 contemplará dívidas de natureza privada de pessoas físicas inscritas em cadastros de inadimplentes até 31 de dezembro de 2022 e com registro ativo em 28 de junho de 2023 que: I – tenham renda mensal igual ou inferior a 2 (dois) salários mínimos; ou II – estejam inscritas no Cadastro Único para Programas Sociais do Governo Federal (CadÚnico).”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 6, § 2. Accessed October 14, 2026.
      “§ 2º O Desenrola Brasil - Faixa 1 não abrangerá dívidas que: I – possuam garantia real; ou II – sejam relativas a: a) crédito rural; b) financiamento imobiliário;”

  23. 23. Tier 2 covered the renegotiation of private debts of individuals listed in defaulter registries by December 31, 2022 and with an active record on June 28, 2023, with a debtor whose monthly income was equal to or less than R$20,000.00 (twenty thousand reais), a credit operation contract date through December 31, 2023, and a minimum payment term of 12 (twelve) months; it excluded debts that have a guarantee from the Union or a public entity, have any type of provision for contributions of public funds, or any equalization of interest rates by the Union.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 16, caput. Accessed October 14, 2026.
      “Art. 16. O Desenrola Brasil - Faixa 2 contemplará a renegociação de dívidas de natureza privada de pessoas físicas inscritas em cadastros de inadimplentes até 31 de dezembro de 2022 e com registro ativo em 28 de junho de 2023”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 16, § 2. Accessed October 14, 2026.
      “I – devedor com renda mensal igual ou inferior a R$ 20.000,00 (vinte mil reais), apurada pelos agentes financeiros; II – data de contratação da operação de crédito até 31 de dezembro de 2023; e III – prazo mínimo de 12 (doze) meses para pagamento das operações.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 16, § 4, items II, IV, and V. Accessed October 14, 2026.
      “II – possuam garantia da União ou de entidade pública; III – não tenham o risco de crédito integralmente assumido pelos agentes financeiros; IV – tenham qualquer tipo de previsão de aporte de recursos públicos; ou V – tenham qualquer equalização de taxa de juros por parte da União.”

  24. 24. According to the Ministry of Finance, Tier 1 encompassed debts listed as delinquent between January 2019 and December 2022, of up to R$20 thousand each in updated value.

  25. 25. Federal bodies and entities had to share with the operating entity and the financial agents the data needed to verify requirements (including income), validate information, and prevent fraud, with the data subject's prior consent waived.

  26. 26. In the mode created by MP 1,393, the Ministry of Finance may contract, without a bidding process, Banco do Brasil or Caixa to operate the competitive procedure and manage the acquired portfolios, and those banks as the financial agents of the installment plans.

    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 31-C, § 8, of Law 14,690). Accessed October 14, 2026.
      “§ 8º O Ministério da Fazenda poderá contratar, para operacionalizar a realização do procedimento competitivo e administrar as carteiras de crédito de que trata este artigo, dispensada a licitação, o Banco do Brasil S.A. ou a Caixa Econômica Federal.”
    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 31-D, § 2, of Law 14,690). Accessed October 14, 2026.
      “§ 2º Para fins de operacionalização dos parcelamentos de que trata o inciso II do caput, o Ministério da Fazenda poderá contratar o Banco do Brasil S.A. e a Caixa Econômica Federal como agentes financeiros, dispensada a licitação.”

  27. 27. Provisional Measure No. 1,199 of December 11, 2023 gave new wording to Law No. 14,690 so that Desenrola Brasil would last through March 31, 2024, with the exception of item II of § 2 of art. 16, and repealed § 2 of art. 12 of Law No. 14,690 of 2023.

  28. 28. In the mode created by MP 1,393, the credits eligible for acquisition must meet criteria such as debts in default for more than seven hundred and twenty and less than one thousand six hundred and forty-five days, counted from September 25, 2026, and defaulted debts with an original value of less than R$10,000.00 (ten thousand reais), with the provisions of § 3 excepted in both cases, and a minimum discount of 90% (ninety percent) off the face value of each portfolio offered; the debtor may settle the debt in a lump sum with a discount equivalent to up to the same discount obtained in the acquisition of the portfolio.

    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 31-C, § 1, items I to IV, of Law 14,690). Accessed October 14, 2026.
      “I – dívidas inadimplidas há mais de setecentos e vinte e menos de mil seiscentos e quarenta e cinco dias, contados de 25 de setembro de 2026, ressalvado o disposto no § 3º; II – dívidas inadimplidas com valor original inferior a R$ 10.000,00 (dez mil reais), ressalvado o disposto no § 3º; III – deságio mínimo de 90% (noventa por cento) sobre o valor de face de cada carteira ofertada;”
    • Medida Provisória nº 1.393, de 25 de setembro de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2 (art. 31-D, item I, of Law 14,690). Accessed October 14, 2026.
      “I – a quitação à vista da dívida, pelo devedor pessoa física, com deságio equivalente a até o mesmo deságio obtido na aquisição da carteira de créditos inadimplidos das pessoas jurídicas credoras por meio do procedimento competitivo previsto no art. 31-C; ou”

  29. 29. Law No. 14,995 of October 10, 2024 authorized the transfer of funds to the FGO, under the Programa Acredita no Primeiro Passo, with the redemption of shares corresponding to amounts not used to guarantee operations with FGO funds referred to in the caput of art. 10 of Law No. 14,690 of October 3, 2023, not including the funds committed to honoring the operations contracted up to the date Provisional Measure No. 1,213 of April 22, 2024 came into force, nor those needed to cover the operating costs of the FGO Desenrola until its closure; the same law provided that, to cover the operations contracted under Procred 360, the FGO will use funds not used to guarantee the operations referred to in art. 10 of Law No. 14,690.

    • Lei nº 14.995, de 10 de outubro de 2024 · Federal Senate (Legislation System) Official legal act
      Where: art. 8, caput. Accessed October 14, 2026.
      “Art. 8º É autorizada a transferência de recursos para o FGO, nos termos da legislação, na modalidade do Programa Acredita no Primeiro Passo, com o resgate de cotas referente a valores não utilizados para garantia de operações com recursos do FGO a que se refere o caput do art. 10 da Lei nº 14.690, de 3 de outubro de 2023”
    • Lei nº 14.995, de 10 de outubro de 2024 · Federal Senate (Legislation System) Official legal act
      Where: art. 8, sole paragraph, items I and II. Accessed October 14, 2026.
      “I – comprometidos para honrar as operações de crédito de que trata a Lei nº 14.690, de 3 de outubro de 2023, contratadas até a data de entrada em vigor da Medida Provisória nº 1.213, de 22 de abril de 2024; II – necessários para cobrir os custos de operacionalização do FGO Desenrola até o seu encerramento.”
    • Lei nº 14.995, de 10 de outubro de 2024 · Federal Senate (Legislation System) Official legal act
      Where: art. 12-A, § 2, added to Law 13,999/2020. Accessed October 14, 2026.
      “§ 2º Para a cobertura das operações contratadas no âmbito do Procred 360, o FGO utilizará recursos não utilizados para a garantia das operações a que se refere o art. 10 da Lei nº 14.690, de 3 de outubro de 2023”

  30. 30. According to the Statement of Reasons of MP 1,176, the Tier 1 guarantee would use funds already available in the FGO Pronampe (Law 13,999/2020), so that the program would not require additional contributions of public funds to the fund.

  31. 31. The Statement of Reasons reported that Tier 2 does not generate revenue waiver in 2023 and recorded BCB estimates of a tax waiver of R$19.4 million in 2024, R$7.8 million in 2025, and R$12.6 million in 2026.

  32. 32. According to the Ministry of Finance, R$1.7 billion of the R$8 billion reserved for the FGO as a guarantee was allocated to Desenrola, an amount to be used only in case of default on the renegotiations; the remainder could go to other policies.

  33. 33. According to the Ministry of Finance (February 2025), the government allocated R$1.5 billion in guarantees to banks using remaining FGO Desenrola funds, for Procred 360 credit to small businesses.

  34. 34. In the technical note on MP 1,176/2023, the Conof assessed that the Faixa 1 rules do not have an impact on federal revenues or expenditures because the FGO guarantee would use part of the fund resources already available for Pronampe, with no additional public resources contributed to the fund; and that the presumed credit of Faixa 2 translates into a tax-related benefit that gives rise to revenue waiver, assessable from 2024 to 2028 (analysis by the advisory office, of June 12, 2023).

  35. 35. In the technical note on MP 1,211/2024, the Conof assessed that the extension of Faixa 1 would not have an impact on federal revenues or expenditures because it would be made possible with resources already available in the FGO (analysis by the advisory office, of April 2, 2024).

  36. 36. According to the Ministry of Finance, Desenrola Brasil benefited 15.06 million people with the renegotiation of R$53.07 billion in debts, an amount that corresponds to 0.5% of GDP (cumulative from July 2023 to May 2024).

  37. 37. According to the Ministry of Finance, Tier 1, begun in October 2023, benefited a total of five million people with the renegotiation of R$25.43 billion in debts.

  38. 38. According to the Ministry of Finance, Tier 2 (direct negotiation with the banks, income of up to R$20 thousand) benefited three million people with the renegotiation of R$26.5 billion in debts; the tier ended at the end of December.

  39. 39. According to the Ministry of Finance, the program began with the main banks automatically removing 10 million records of debts of up to R$100 from the defaulter registries, totaling about R$1 billion.

  40. 40. According to the Ministry of Finance, there were renegotiations in 5,567 of the 5,571 municipalities with an eligible public; in Tier 1, women were 52% of the eligible public and 56% of those who negotiated on the platform.

  41. 41. According to the Tier 1 census released by the Ministry of Finance, the average discount on the site was 90% for lump-sum payments and about 85% for installment payments; the installment renegotiations had an average of 13 installments and average interest of 1.82% per month.

  42. 42. According to the Ministry of Finance, access to the platform, initially restricted to gold- or silver-level gov.br accounts, was opened to the bronze account, and the ministry regulated partnerships for access through the channels of Serasa Limpa Nome, Itaú Unibanco, Santander, and Caixa.

  43. 43. The Ministry of Finance cited a Serasa survey according to which, from May 2023 to March 2024, the number of defaulters with the profile and debts of Tier 1 fell from 25.2 million to 23.1 million (a reduction of 8.7%), while in the general group of defaulters, excluding Tier 1 beneficiaries, there was an increase of 6.8%. The comparison is not a causal assessment.

  44. 44. The Central Bank data on Desenrola do not include renegotiations not eligible for the program, even when offered on the same terms, and, for the reference date of September 2023, accumulate operations from September and earlier months.

  45. 45. In announcing the Novo Desenrola Brasil in May 2026, the Ministry of Finance reported that household default had reached 5.3% in March 2026.

  46. 46. Law No. 14,995/2024 instituted Desenrola Pequenos Negócios, intended for individual microentrepreneurs, microenterprises, small businesses, and cooperative societies, with the aim of encouraging the renegotiation of debts of companies with annual gross revenue equal to or less than R$4,800,000.00; the financial institutions that renegotiate these debts by December 31, 2024, except credit unions and consortium administrators, may be entitled to calculate presumed credit.

    • Lei nº 14.995, de 10 de outubro de 2024 · Federal Senate (Legislation System) Official legal act
      Where: art. 19. Accessed October 14, 2026.
      “Art. 19. É instituído o Programa de Renegociação de Dívidas de Microempreendedores Individuais, Microempresas, Empresas de Pequeno Porte e Sociedades Cooperativas - Desenrola Pequenos Negócios”
    • Lei nº 14.995, de 10 de outubro de 2024 · Federal Senate (Legislation System) Official legal act
      Where: art. 20, caput. Accessed October 14, 2026.
      “que renegociarem, até 31 de dezembro de 2024, dívidas de empresas com faturamento igual ou inferior a R$ 4.800.000,00 (quatro milhões e oitocentos mil reais), apurado por agente financeiro, poderão ter direito à apuração de crédito presumido na forma prevista nesta Lei”

  47. 47. According to the Ministry of Finance, Desenrola Pequenos Negócios made possible the renegotiation of R$7.5 billion in bank debts of about 120 thousand MEIs (individual microentrepreneurs), microenterprises, and small businesses between May and December 2024.

  48. 48. Provisional Measure No. 1,355 of May 4, 2026 instituted the Extraordinary Program for Households' Financial Rebalancing - Novo Desenrola Brasil, for individuals with monthly income equal to or less than five minimum wages who, among other requirements, have credit operation contracts entered into by January 31, 2026 and installments overdue between ninety-one and seven hundred and twenty days, with a new operation at a maximum interest rate of 1.99% per month, a term of twelve to forty-eight months, an amount of up to R$15,000.00 per beneficiary and per financial institution, and an initial offer period of ninety days, counted from the date of publication of the Provisional Measure.

    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: epigraph and art. 1. Accessed October 14, 2026.
      “Art. 1º Fica instituído o Programa Extraordinário de Reequilíbrio Financeiro das Famílias - Novo Desenrola Brasil, vinculado ao Ministério da Fazenda, com o objetivo de promover a recomposição da capacidade financeira das famílias, por meio de incentivos à renegociação e à regularização de dívidas em atraso junto ao sistema financeiro.”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: epigraph. Accessed October 14, 2026.
      “MEDIDA PROVISÓRIA Nº 1.355, DE 4 DE MAIO DE 2026”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 3, items I and II. Accessed October 14, 2026.
      “I – ter renda mensal igual ou inferior a cinco salários mínimos; e II – possuir contratos de operações de crédito celebrados até 31 de janeiro de 2026 e estar com parcelas em atraso entre noventa e um e setecentos e vinte dias”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 6, § 1, items II, III, and V. Accessed October 14, 2026.
      “II – taxa de juros máxima de 1,99% (um inteiro e noventa e nove centésimos por cento) ao mês; III – prazo de doze a quarenta e oito meses; IV – parcela mínima de R$ 50,00 (cinquenta reais); V – valor de até R$ 15.000,00 (quinze mil reais) para a nova operação, por beneficiário e por instituição financeira;”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 6, § 5. Accessed October 14, 2026.
      “§ 5º O período para oferta e celebração de acordos de reestruturação de dívidas de pessoas físicas inadimplentes, nos termos previstos no caput, será de noventa dias, contado da data de publicação desta Medida Provisória”

  49. 49. According to the Ministry of Finance, the Federal Government announced on May 4, 2026 the Novo Desenrola Brasil, the 'second edition of the program that has already benefited about 15 million Brazilians since 2023', with the renegotiation of about R$53 billion in debts; MP 1,355 establishes the Extraordinary Program for the Financial Rebalancing of Families - Novo Desenrola Brasil.

  50. 50. MP 1,355/2026 authorized the Union to increase its stake in the FGO by up to R$5,000,000,000.00 to cover the debt restructuring operations provided for in the measure, and ordered the transfer to the FGO of the 'amounts to be returned' from the Amounts Receivable System (Sistema de Valores a Receber) reported by December 31, 2024.

    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 15, caput. Accessed October 14, 2026.
      “Art. 15. Fica a União autorizada a aumentar em até R$ 5.000.000.000,00 (cinco bilhões de reais) a sua participação no FGO, por meio da subscrição adicional de cotas para constituição de patrimônio segregado no Fundo”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 12, caput. Accessed October 14, 2026.
      “que tenham sido informados até 31 de dezembro de 2024 como "valores a devolver", sujeitos à sistemática do Sistema de Informações de Valores a Receber”

  51. 51. Provisional Measure No. 1,373 of June 29, 2026 established the Desenrola Adimplentes and authorized the Union, subject to budgetary and financial availability, to allocate up to R$3,000,000,000.00 to a reimbursable credit line for beneficiaries of the program, who must, among other requirements, not have an active formal employment relationship; the financial agents are Banco do Brasil S. A. and Caixa Econômica Federal (Caixa).

    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: epigraph. Accessed October 14, 2026.
      “MEDIDA PROVISÓRIA Nº 1.373, DE 29 DE JUNHO DE 2026”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 3, caput and § 1. Accessed October 14, 2026.
      “Art. 3º Observada a disponibilidade orçamentária e financeira, fica a União autorizada a destinar até R$ 3.000.000.000,00 (três bilhões de reais) para disponibilizar linha de crédito reembolsável destinada à realização de operações de crédito a beneficiários do Desenrola Adimplentes”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 3, § 1. Accessed October 14, 2026.
      “§ 1º O órgão gestor dos recursos destinados às novas operações de crédito será o Ministério da Fazenda, e os agentes financeiros serão o Banco do Brasil S. A. e a Caixa Econômica Federal.”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 4, item I. Accessed October 14, 2026.
      “I – não possuir vínculo empregatício formal ativo;”

  52. 52. In SIOP, for the current fiscal year 2026 (partial figures), action 00YH (Financing for Beneficiaries of the Desenrola Adimplentes Program), of the unit Resources under the Supervision of the Ministry of Finance, in the budget plan Provisional Measure No. 1,377 of July 16, 2026, had an initial appropriation of zero, authorized and committed of R$3,000,000,000, and liquidated and paid of R$1,650,000,000. The action finances the reimbursable credit line of the Desenrola Adimplentes, a program of its own established by MP 1,373/2026 for borrowers who are current on their payments.

    • SIOP, consulta SPARQL: execução da ação 00YH no exercício 2026 (dotação inicial, autorizado, empenhado, liquidado, pago) · Ministry of Planning and Budget (SIOP, open budget data) Budget and spending
      Where: row of the query CSV (fiscal year 2026, action 00YH). Accessed October 14, 2026.
      “2026,"00YH","Financiamento a Beneficiários do Programa Desenrola Adimplentes",0,3000000000,3000000000,1650000000,1650000000”
    • SIOP, consulta SPARQL por ação, unidade orçamentária e plano orçamentário: ação 00YH, exercício 2026 (CSV) · Ministry of Planning and Budget (SIOP, open budget data) Budget and spending
      Where: fiscal year 2026 (position as of October 14, 2026), action 00YH, UO 74102, PO MP11; columns loa, lei_mais_credito, empenhado, liquidado, pago. Accessed October 14, 2026.
      “2026,"00YH","74102","Recursos sob Supervisão do Ministério da Fazenda","MP11","Medida Provisória nº 1.377, de 16 de julho de 2026","0",0,3000000000,3000000000,1650000000,1650000000”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 1. Accessed October 14, 2026.
      “Art. 1º Fica instituído o Programa Extraordinário de Reequilíbrio Financeiro de Tomadores de Crédito Adimplentes - Desenrola Adimplentes, vinculado ao Ministério da Fazenda, com o objetivo de promover a recomposição da capacidade financeira de tomadores de crédito adimplentes”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 3, caput. Accessed October 14, 2026.
      “fica a União autorizada a destinar até R$ 3.000.000.000,00 (três bilhões de reais) para disponibilizar linha de crédito reembolsável destinada à realização de operações de crédito a beneficiários do Desenrola Adimplentes”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: epigraph. Accessed October 14, 2026.
      “MEDIDA PROVISÓRIA Nº 1.373, DE 29 DE JUNHO DE 2026”
    • Medida Provisória nº 1.377, de 16 de julho de 2026 (texto no Sigen) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 1. Accessed October 14, 2026.
      “Art. 1º Fica aberto crédito extraordinário, em favor do Ministério da Agricultura e Pecuária, da Advocacia-Geral da União, e de Operações Oficiais de Crédito, no valor de R$ 13.285.000.000,00”

  53. 53. Provisional Measure No. 1,377 of July 16, 2026 opened extraordinary credit of R$13,285,000,000.00, which included R$3,000,000,000 in action 00YH (Financing for Beneficiaries of the Desenrola Adimplentes Program) and R$1,000,000,000 in action 00YG (Financing for Beneficiaries Who Are Current on the Student Financing Fund, Fies), both under Official Credit Operations.

  54. 54. The same MP 1,373/2026 established the National Program of Financial Incentive for Timely Payment in the Student Financing Fund (Fies Empreendedor), with a reimbursable credit line for beneficiaries of Fies who are current on their payments, authorizing the Union to allocate up to R$1,000,000,000.00.

    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 2. Accessed October 14, 2026.
      “Art. 2º Fica instituído o Programa Nacional de Incentivo Financeiro à Adimplência no Fundo de Financiamento Estudantil - Fies Empreendedor, com o objetivo de disponibilizar linha de crédito reembolsável a beneficiários adimplentes do Fundo de Financiamento Estudantil - Fies.”
    • Medida Provisória nº 1.373, de 29 de junho de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 14, caput. Accessed October 14, 2026.
      “fica a União autorizada a destinar até R$ 1.000.000.000,00 (um bilhão de reais) para disponibilizar linha de crédito reembolsável a beneficiários adimplentes do Fies, por meio do Fies Empreendedor.”

  55. 55. According to its summary (ementa), MP 1,355/2026 establishes the Extraordinary Program for the Financial Rebalancing of Families (Novo Desenrola Brasil), provides for the transfer of resources to the Operations Guarantee Fund, and amends Law No. 12,087/2009, Law No. 14,467/2022, Law No. 14,509/2022, Law No. 13,999/2020, Law No. 10,260/2001, Law No. 8,213/1991 and Law No. 10,820/2003.

    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: summary. Accessed October 14, 2026.
      “Institui o Programa Extraordinário de Reequilíbrio Financeiro das Famílias - Novo Desenrola Brasil, dispõe sobre a transferência de recursos ao Fundo de Garantia de Operações, e altera a Lei nº 12.087, de 11 de novembro de 2009 , a Lei nº 14.467, de 16 de novembro de 2022 , a Lei nº 14.509, de 27 de dezembro de 2022 , a Lei nº 13.999, de 18 de maio de 2020 , a Lei nº 10.260, de 12 de julho de 2001 , a Lei nº 8.213, de 24 de julho de 1991 , e a Lei nº 10.820, de 17 de dezembro de 2003 .”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 1. Accessed October 14, 2026.
      “Art. 1º Fica instituído o Programa Extraordinário de Reequilíbrio Financeiro das Famílias - Novo Desenrola Brasil, vinculado ao Ministério da Fazenda”

  56. 56. According to the MEC (August 31, 2026), the Desenrola Fies 2026, a renegotiation of Fies contracts signed up to 2017, had a deadline for enrollment of August 31, considering the validity of Provisional Measure No. 1,355/2026; the MP amended the Fies legislation and set the renegotiation conditions, with discounts for debts that were overdue and unpaid as of the date of its publication.

    • Prazo para aderir ao Desenrola Fies termina hoje (31) · Ministry of Education Government communication
      Where: paragraph 4. Accessed October 14, 2026.
      “O prazo estabelecido de 31 de agosto considera a vigência da Medida Provisória nº 1.355/2026, que instituiu o Novo Desenrola Brasil, e o calendário legislativo do Congresso Nacional, conforme disposto na Constituição Federal.”
    • Prazo para aderir ao Desenrola Fies termina hoje (31) · Ministry of Education Government communication
      Where: paragraph 1. Accessed October 14, 2026.
      “A iniciativa é voltada para estudantes com acordos firmados até 2017 e que estavam na fase de amortização em 4 de maio de 2026”
    • Prazo para aderir ao Desenrola Fies termina hoje (31) · Ministry of Education Government communication
      Where: section Novo Desenrola Brasil. Accessed October 14, 2026.
      “A medida também alterou a legislação do Fies, estabelecendo as condições para a renegociação dos contratos abrangidos pelo Desenrola Fies.”
    • Medida Provisória nº 1.355, de 4 de maio de 2026 · Federal Senate (Legislation System) Official legal act
      Where: art. 21 (art. 5-A, § 4-B, of Law 10,260). Accessed October 14, 2026.
      “estudante beneficiário que tenha débitos vencidos e não pagos até a data de publicação da Medida Provisória nº 1.355, de 4 de maio de 2026 , poderá liquidá-los por meio da adesão à transação com fundamento no disposto nesta Lei”
    • Prazo para aderir ao Desenrola Fies termina hoje (31) · Ministry of Education Government communication
      Where: date. Accessed October 14, 2026.
      “Atualizado em 31/08/2026 17h08”

  57. 57. Provisional Measure No. 1,213 of April 22, 2024 established the Acredita no Primeiro Passo Program, amended Law No. 13,999/2020 to establish Procred 360, and established the Desenrola Pequenos Negócios (renegotiation of debts of MEIs, microenterprises and small businesses); the same program appears in art. 19 of Law No. 14,995/2024.

    • Medida Provisória nº 1.213 de 22/04/2024 (Dados Abertos do Senado, lista de legislação) · Federal Senate (Open Data, Federal Legislation) Official record
      Where: summary. Accessed October 14, 2026.
      “Institui o Programa Acredita no Primeiro Passo, o Programa de Mobilização de Capital Privado Externo e Proteção Cambial - Programa Eco Invest Brasil, altera a Lei nº 13.999, de 18 de maio de 2020, para instituir o Programa de Crédito e Financiamento de Dívidas de Microempreendedores Individuais e Microempresas - Procred 360, institui o Programa de Renegociação de Dívidas de Microempreendedores Individuais - MEIs, Microempresas e Empresas de Pequeno Porte - Desenrola Pequenos Negócios”
    • Medida Provisória nº 1.213 de 22/04/2024 (Dados Abertos do Senado, lista de legislação) · Federal Senate (Open Data, Federal Legislation) Official record
      Where: name of the norm. Accessed October 14, 2026.
      “Medida Provisória nº 1.213 de 22/04/2024”
    • Lei nº 14.995, de 10 de outubro de 2024 · Federal Senate (Legislation System) Official legal act
      Where: art. 19. Accessed October 14, 2026.
      “Art. 19. É instituído o Programa de Renegociação de Dívidas de Microempreendedores Individuais, Microempresas, Empresas de Pequeno Porte e Sociedades Cooperativas - Desenrola Pequenos Negócios”

  58. 58. Law 14,818/2024 authorizes the transfer, to the fund that finances the financial-educational incentive for high school, of amounts not used to guarantee FGO operations under Law No. 13,999/2020, as well as amounts recovered under art. 25 of Law No. 14,690/2023.

    • Lei nº 14.818, de 16 de janeiro de 2024 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 11, caput and item I. Accessed October 14, 2026.
      “Art. 11. É autorizada a transferência, nos termos da legislação, para o fundo de que trata o art. 7º desta Lei: I – de valores não utilizados para garantia de operações com recursos do Fundo Garantidor de Operações (FGO) a que se refere a Lei nº 13.999, de 18 de maio de 2020 , bem como de valores recuperados na forma do art. 25 da Lei nº 14.690, de 3 de outubro de 2023”

  59. 59. Law No. 14,719 of November 1, 2023 amended Law No. 10,260/2001, on student financing, to allow students with debts that were overdue and unpaid as of June 30, 2023 to settle them by joining the settlement, with a discount of up to 99% of the consolidated amount of the debt for debts overdue for more than 360 days of those registered in the CadÚnico or beneficiaries of the 2021 Emergency Aid (Auxílio Emergencial), and of up to 77% for the others with more than 360 days.

    • Lei nº 14.719, de 1º de novembro de 2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 19 (art. 5-A, § 4, of Law 10,260). Accessed October 14, 2026.
      “§ 4º Sem prejuízo do disposto no § 1º deste artigo, o estudante beneficiário que tenha débitos vencidos e não pagos em 30 de junho de 2023 poderá liquidá-los por meio da adesão à transação com fundamento nesta Lei, nos seguintes termos:”
    • Lei nº 14.719, de 1º de novembro de 2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: art. 19 (art. 5-A, § 4, VI and VII, of Law 10,260). Accessed October 14, 2026.
      “inscritos no CadÚnico ou que tenham sido beneficiários do Auxílio Emergencial 2021, com desconto de até 99% (noventa e nove por cento) do valor consolidado da dívida, inclusive principal, por meio da liquidação integral do saldo devedor; e VII – para os estudantes com débitos vencidos e não pagos havia mais de 360 (trezentos e sessenta) dias em 30 de junho de 2023 que não se enquadrem na hipótese prevista no inciso VI deste parágrafo, com desconto de até 77% (setenta e sete por cento)”
    • Lei nº 14.719, de 1º de novembro de 2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: summary. Accessed October 14, 2026.
      “Institui o Pacto Nacional pela Retomada de Obras e de Serviços de Engenharia Destinados à Educação Básica e Profissionalizante e à Saúde; e altera a Lei nº 10.260, de 12 de julho de 2001”
    • Lei nº 14.719, de 1º de novembro de 2023 (texto no Sigen, publicação original) · Federal Senate (Federal Legislation / Sigen) Official legal act
      Where: closing. Accessed October 14, 2026.
      “Brasília, 1º de novembro de 2023; 202º da Independência e 135º da República.”

  60. 60. According to the MEC (September 3, 2024), the Desenrola Fies, a Fies debt renegotiation program for contracts signed up to 2017 and in default as of June 30, 2023, had 351,696 contracts renegotiated, with R$677 million returned to the public coffers, and more than 844 thousand students still eligible; the enrollment deadline was extended to December 31 of that year (data reported by the government).

  61. 61. The Central Bank publishes monthly, in CSV, aggregate SCR data on Desenrola operations (number and value after discount, by institution, state, and tier), excluding operations settled with the borrower's own funds at the time of renegotiation and those of clients with total debts of less than two hundred reais.

  62. 62. Bill No. 2,685/2022, introduced in the Chamber on October 27, 2022 by Deputy Elmar Nascimento, proposed the National Program for Renegotiation of Family Debts (ReFamília), for families with monthly income of up to R$5,000.00, operated by a credit guarantee fund with participation of the Union.

  63. 63. According to the Statement of Reasons of MP 1,176, signed by Minister Fernando Haddad, there were about 70 million defaulting Brazilians (approximately 42% of the adult population), of whom about 43 million were in families with income of up to two minimum wages.

  64. 64. The Statement of Reasons describes the program in two axes: Tier 1, of operations with a guarantee, and Tier 2, of renegotiations based on presumed credit, with contracting through December 31, 2023.

  65. 65. According to an Agência Câmara news item of October 4, 2023, the text of MP 1176/23, which would lose its validity on Tuesday (3rd), was included, after an agreement in the National Congress, in PL 2685/22, which dealt with limiting credit card interest; the Chamber records the status of the MP as 'Lost Effectiveness'.

  66. 66. The Statement of Reasons of MP 1,176 says that financial agents will be able to calculate as presumed credit certain types of credits arising from temporary differences, in a manner similar to that established by Law No. 14,257 of December 1, 2021, which instituted the Credit Stimulus Program (Programa de Estímulo ao Crédito).

  67. 67. The financial agents financed the renegotiations with their own funds, collected the defaulted contracts in their own name, bore the recovery expenses, and were answerable for the truthfulness of the information and the accuracy of the amounts reimbursed.

    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 5, item II. Accessed October 14, 2026.
      “II – financiar com recursos próprios as operações de crédito referentes à renegociação das dívidas incluídas no Programa.”
    • Lei nº 14.690, de 3 de outubro de 2023 (texto da publicação original) · Federal Senate (Legislation System) Official legal act
      Where: art. 24, §§ 2 and 3. Accessed October 14, 2026.
      “§ 2º As despesas necessárias para a recuperação dos créditos inadimplidos correrão por conta dos agentes financeiros participantes do Desenrola Brasil. § 3º Os agentes financeiros participantes do Desenrola Brasil serão responsáveis pela veracidade das informações fornecidas às partes interessadas e pela exatidão dos valores a serem eventualmente reembolsados.”

Found an error? Report a correction.