Eamon Gilmore (Dún Laoghaire, Labour)

I am a little surprised at the Tánaiste's answer to Deputy Kenny because the Government's legislative programme lists the National Pensions Reserve Fund (amendment) Bill which is to give effect to the Government decision to recapitalise the banks through the National Pensions Reserve Fund and related matters concerning the National Pensions Reserve Fund. The Tánaiste has just said that the matter has not yet been brought to Government. Where is the National Pensions Reserve Fund Bill that is promised legislation and which is to allow for the use of the fund to recapitalise the banks and when will it be before the House? Will the recapitalisation of the banks require legislation other than the promised legislation in the list? I think everybody understood that the recapitalisation of the banks was something the Government was immediately engaged upon and that it was imminent and urgent business. A piece of legislation is promised to address it because we are told the funding is to come from the National Pensions Reserve Fund. Where is this Bill and when will the House see it?

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