Brazilian Socialist Party Brazilian Socialist Party The Brazilian Socialist Party (, PSB) is a political party in Brazil. It was founded in 1947, before being abolished by the military regime in 1965 and re-organised in 1985 with the re-democratisation of Brazil. It elected six Governors in 2010, becoming the second largest party in number of state governments, behind only PSDB. In addition to that, it won 34 seats in the Chamber of Deputies and three seats in the Senate, besides having been a member of the "For Brazil to Keep on Changing" coalition, which elected Dilma Rousseff as President of Brazil. In 2014
Impeachment of Dilma Rousseff in testimony to the committee investigating Operation Car Wash allegations, the culmination of an internal investigation that had lasted eleven months. On 19 October 2016, Cunha was arrested on charges of corruption and bribery related to a Petrobras drillship purchase. In the Brazilian political system, the president and vice president run on the same ticket but have constitutionally separate terms. Michel Temer, who was president of the Chamber during the Fernando Henrique Cardoso presidency from 1995 to 2003, is a member of the Brazilian Democratic Movement Party (PMDB), which announced it was running against the Rousseff government in March 2016.