Dáil debates

Wednesday, 4 March 2009

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages

 

6:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)

I ask the Minister to reconsider the issue of whether the Oireachtas would hear if the Minister was advancing further sums. I wish to explore this a little further if possible. I do not know when this measure is due to be considered. There is a similar amendment to ours in the name of Deputy Arthur Morgan which states: "The Minister shall not direct the Commission to use funds from the National Pensions Reserve Fund in excess of €7 billion for the purpose of investing in any financial institution without the consent of both Houses of the Oireachtas."

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