Mexican Senate Advances Controversial Infonavit Reform Despite Opposition

Mexican Senate Approves Infonavit Reform Bill

In a highly contested decision, the Senate’s Urban Reorganization, Housing, and Legislative Studies Committees approved a reform to the Infonavit Law with 18 votes in favor, 7 against, and 2 abstentions. The proposed legislation, which amends several articles of the law, now moves to the Senate floor for further discussion.

The reform has sparked intense debate between political factions, with opposition senators from PAN and PRI labeling it as an “attack on workers’ savings.” They argue that funds accumulated over the years could be redirected to finance a new government-controlled housing construction company. Meanwhile, Morena senators have assured that workers’ rights and savings are not at risk.

Concerns Over Workers’ Savings and Housing Funds

Opposition’s Perspective: A Risk to Workers’ Money

Senators from PAN and PRI strongly criticized the bill, expressing concerns that workers’ Infonavit savings could be repurposed to fund a new housing development agency. They argue that these funds belong exclusively to workers and should not be used for government projects that could compromise financial stability.

“This is a direct attack on workers’ rights. The savings they have accumulated for years should not be touched to fund a state-owned housing company,” warned opposition senators during the debate.

Morena’s Defense: No Risk to Workers’ Savings

In contrast, Senators from Morena dismissed these concerns, stating that the reform aims to modernize and improve Mexico’s housing system without jeopardizing workers’ funds. According to them, the modifications will enhance access to affordable housing and streamline construction projects while maintaining financial transparency.

“There is no risk to workers’ money. This reform seeks to strengthen Infonavit and guarantee better housing conditions for Mexican families,” defended Morena legislators.

Next Steps: Senate Floor Debate

The approved reform has been sent to the Senate’s Board of Directors and will be discussed in the Senate plenary session this Thursday. If passed, the bill could significantly alter how Infonavit funds are managed, potentially reshaping Mexico’s housing policies in the coming years.

Public Reaction and What’s at Stake

The proposal has generated heated reactions from workers, unions, and financial experts, with many demanding transparency and safeguards to ensure their savings are protected. As the Senate prepares for the final vote, public pressure continues to mount.