Three Strikes Law (1994)

The Ley de los Tres Años, also known as the Three-Year Law, was a landmark legislation passed in Argentina in 1994. This significant piece of legislation aimed to address the country's economic crisis by implementing a series of economic reforms. The law was designed to restore economic stability and promote economic growth by reducing inflation, increasing foreign investment, and promoting exports. The Ley de los Tres Años was a comprehensive package of reforms that included measures to liberalize the economy, privatize state-owned enterprises, and reduce government spending. The law also introduced a new tax system, which aimed to reduce the tax burden on businesses and individuals. Additionally, the legislation established a new central bank, which was given greater autonomy to manage the country's monetary policy. The Ley de los Tres Años was a major step towards stabilizing Argentina's economy and setting the stage for future growth and development.