Milei sends Congress a bill to create AI-run 'non-human corporations'
A new corporate category run by AI agents, human shareholders optional; Harari warns of regulatory arbitrage and impunity
Summary
On 29 May 2026 Javier Milei's government submitted a bill to Congress amending Argentina's 1972 corporations law (Ley 19.550) to create a new legal category — the "sociedad automatizada," or non-human corporation: limited-liability entities run by AI agents, with human shareholders optional. Milei and Deregulation Minister Federico Sturzenegger set out the rationale in a 4 June Financial Times op-ed — keep AI unregulated, add the new corporate form, and apply a low-tax regime. Historian Yuval Noah Harari published a counter-op-ed warning such firms would become "expert in regulatory arbitrage" and that the deterrent of prison is irrelevant to an AI; Microsoft AI's Mustafa Suleyman backed Harari. The proposal extends Milei's deregulatory agenda into the AI frontier.
By the numbers
- 29 May 2026 — bill submitted to Congress.
- Ley 19.550 (1972) — the corporations law being amended.
- Optional — human shareholders under the new category.
Why it matters
If passed, Argentina would be among the first jurisdictions to domicile autonomous-agent companies, a magnet for AI ventures and a stress test for liability law: who is accountable when a firm with no humans causes harm. Critics warn it invites regulatory arbitrage and impunity; backers cast it as first-mover advantage.
What to watch
- Whether Congress takes up or amends the bill.
- The liability and tax design in any final text.
- International reaction and whether other jurisdictions copy or block it.