Both houses of congress will now debate the bill, a process which is likely to prove lengthy. "The former head of U.N. Women, who promised to push through the change when she took office for the second time in 2014, has faced a heavy backlash from the conservative right and the Catholic church..."
The bill is expected to allow same-sex couples to adopt children.
During her first term as president, from 2006 until 2010, Bachelet pushed to promote pay equality and emergency contraception. "We do this with the certainty that it is not ethical or fair to put artificial limits to love or deny essential rights", Bachelet said during a ceremony in Santiago alongside Cabinet members.
It follows last week's approval by the constitutional court of a new law easing the country's ban on abortion. However, the presidential support is significant for a country that has historically been viewed as conservative.
Nintendo Switch pop-up store coming to Sandton
An employee in the supply chain told the WSJ that their company is ready to up the pace of Nintendo Switch production when asked. Europe, on the other hand, does not have the same level of drought, as there are still local retailers offering the console.
President Bachelet's term ends in March and the bill allowing same-sex marriage is very unlikely to be passed before then.
Civil unions have been recognized in several South American countries, though only Argentina and Uruguay have codified same-sex marriage.
Sebastián Piñera, who polls favour to win in November's presidential election, has said he opposes the bill. "There should not be discrimination, but at the same time the essence of an institution such as marriage should be respected, which has always been about conserving the human race", he told the BBC.
Luis Larrain, founder of the Iguales Foundation, stated: 'It's the beginning of the end of discrimination based on sexual orientation to access marriage.