Kieran O'Donnell (Limerick East, Fine Gael)

I agree with the broad thrust of the Bill, but several key points must be addressed on Committee Stage. First, we must ensure a cap on the principal private residence and other assets. Second, the allowance of €36,000 or €72,000 should be index-linked so that people are not penalised if their assets increase in value. Third, it is important that the lower market rate in the CPI be applied to repayments. Fourth, proper funding should be made available to ensure that the scheme can operate.

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