Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

The primary purpose is not to interfere with the independence of the regulator. The regulator will come before the committee whenever we invite it. It is for us to scrutinise the report the regulator produces which will then inform, under the terms of the legislation, the actions the Minister will then take to set the threshold and allowance amounts. The purpose of the amendment is to give the Oireachtas a formal role in that consultation.