The ruling party agreed to modify the General Companies Law bill to prevent decentralized autonomous organizations from operating without any identifiable human or legal responsibility. The head of the ruling party's bloc in the Senate, Patricia Bullrich, announced that these structures must incorporate at least one natural or legal person capable of being accountable for their management.
The definition was communicated during a new meeting of the General Legislation Committee of the Upper House. Bullrich explained that the objective is to make the attribution of responsibilities stricter and to respond to the objections raised by specialists and legislators. The exact text of the change has not been finalized yet, so the commission will have to agree on its wording before issuing an opinion.
One of the alternatives analyzed establishes that the governing body must have at least one legal entity with sufficient suitability to control automated systems. This requirement aims to provide legal certainty and to prevent a decision executed by algorithms from being without a responsible party in cases of damage, non-compliance, or conflicts. The final formula could specify whether natural persons will also be allowed and what requirements they must meet.
The original initiative, promoted by Minister Federico Sturzenegger, recognized decentralized autonomous organizations, known as DAO, as entities capable of operating fully or partially through technological protocols and distributed ledger networks. It also enabled companies to use artificial intelligence or algorithms to perform operational functions and make administrative decisions.
The announced change does not eliminate the use of those tools nor the figure of the DAO. What it rules out is the possibility of a fully digital company without human or legal responsibility. Bullrich defended the continuation of the new business forms because of their potential to generate business, but argued that they need concrete control to prevent responsibility from being diluted behind automation.
The project remains in the debate stage and will receive a new round of presenters next week. According to that schedule, its eventual consideration in the chamber would not occur before the second week of September. There is still no committee report or enactment: the confirmed decision is the political concession by the ruling party to rewrite one of the most controversial points of the reform.
