ABSTRACT
The paper analyzes the passing of the Profit Remittance Limitation Law by the Brazilian Congress during the administration of President João Goulart (1961-1964), focusing on the reactions and opinions of foreign and domestic entrepreneurs. We argue that to understand the reasons behind the passing of the law we need to look at two aspects relatively neglected by the literature: first, the lobbying by some domestic entrepreneurs of members of the Brazilian congress; and, second, President Goulart's maneuvers to regain full presidential powers. We believe our conclusions are important as they present new evidence about the role played by part of Brazilian entrepreneurs in the passing of one of the Goulart administration's most important pieces of legislation.
Keywords:
profit remittance; foreign capital; João Goulart