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In Brazil a law must be approved by the majority of both houses (representatives and senators) and then be approved by the president. In somewhere on this path this law will fall because many members of the brazilian government are opposing to it already. And it have not passed even the first voting yet, its just a project by now.
For the record, the law proposer senator Eduardo Azeredo (member of opposition party PSDB) have been accused (in 2006) of corruption on his 1998 campaign for governor of Minas Gerais (MG) state.