A faction led by smaller manufacturers established the General Economic Council (CGE), instead. The CGE enjoyed Perón's support, and helped shape his largely pro-industry agenda in subsequent years. Perón's 1955 overthrow, however, led to the UIA's reauthorization that December. Ongoing rivalry from the CGE led a faction of the UIA to coalesce with conservative interests once opposed to it (such as the Argentine Chamber of Commerce, the Buenos Aires Stock Exchange, and the Argentine Rural Society) to establish ACIEL, a business roundtable, in 1959. ACIEL was also fostered by President Arturo Frondizi's Law of Foreign Investment, which helped usher in a wave of new, foreign industrial subsidiaries in the early 1960s. The rivalry between the CGE, the UIA, and ACIEL was stoked not only by the CGE's Peronist stance; but also by geographic rivalries between the UIA's increasingly Buenos Aires-centric membership and the CGE's more provincial one. Ultimately, however, foreign subsidiaries' disproportionate influence in the Juan Carlos Onganía dictatorship led to disputes with the UIA's domestic membership, and most of these subsidiaries withdrew from the UIA in favor of ACIEL in 1967.