Oireachtas Joint and Select Committees

Wednesday, 25 January 2023

Select Committee on Jobs, Enterprise and Innovation

Screening of Third Country Transactions Bill 2022: Committee Stage

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

I move amendment No. 11:

In page 9, lines 3 and 4, to delete “15 months” and substitute “12 months”.

Given that we are here to consider serious and important legislation relating to foreign direct investment, FDI, I ask that the first review be within the first year of the operation of the legislation. I understand there is a need to allow legislation to bed in but there would be no harm in having a the review a little earlier. A review of the first six months of the legislation would allow us to establish whether the operation of the screening system was causing issues. It is not just about whether it is doing its job but whether it might be preventing other people from trying to do theirs. It is more to highlight - "snags" is probably the wrong word but the Minister of State knows what I mean - what is preventing people from operating, as an unintended consequence of this legislation. I am not massively wedded to this, but I would be interested to hear the Minister of State's views on this.

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