Seán Barrett (Dún Laoghaire, Fine Gael) | Oireachtas source

I do not know how this fits into all the arrangements that are going to take place but we need a Chairman for the time being and I nominate Deputy John Paul Phelan, who is highly qualified. He has been in the Seanad for two terms and this is his second term in the Dáil. He has a degree in economics and finance, so he is fully qualified and his knowledge in this area is excellent. It gives me great pleasure to propose Deputy John Paul Phelan. I am not sure whether this is a permanent chairmanship because I do not think there has been agreement but somebody has to chair the committee for the time being.