Oireachtas Joint and Select Committees
Wednesday, 23 October 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Credit Reporting Bill 2012: Committee Stage
3:00 pm
Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source
In any scheme of legislation, one has to be realistic about what can be achieved. We appreciate the support we have received on this Bill from all sides of the House. The Deputy knows the confines under which we are working because this is a troika commitment that we have to put in place. It could be reviewed in time if an SME with a turnover of €3 million felt the legislation was not fair to it. To get to the €3 million threshold, there was some amount of negotiating behind the scenes. If it becomes a difficulty for businesses, as the Deputy described, we can review it. It might be more difficult to have no limitations on it as it would put everyone in the same basket
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