Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade.
The proposed change to the State-Owned Enterprise Law, which now heads to the Senate, cuts the quarantine from three years to just a month for people with decision-making roles in political parties or campaigns to take positions at state-owned companies.
