Mexico's Senate has given the green light to a bill proposed by former President Andres Manuel Lopez Obrador that aims to dismantle autonomous regulatory agencies, including those responsible for overseeing antitrust matters and the energy sector.

This legislation has now been approved by both houses of Congress, with the Senate being the final hurdle. The bill will result in the absorption of these watchdogs' functions by existing federal ministries, raising concerns about the potential impact on regulatory oversight in key industries.

This move has sparked significant debate about the future of governance and regulation in Mexico, particularly in sectors crucial to economic stability and competition.