Dáil debates

Wednesday, 6 February 2013

Irish Bank Resolution Corporation Bill 2013: Second Stage

 

11:35 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

I am making a serious point. Let us look at the purpose of the Bill. It is to put a special liquidator with special powers into IBRC first thing tomorrow morning when the President has signed the Bill so that Irish taxpayers' assets of, potentially, €14 billion are protected. Let us think of the purpose of the Bill. We can go on to the detail later, when we have a short Committee Stage. I ask Deputies to give the Government the power to protect those assets on behalf of the taxpayers.

A number of questions have been raised. Deputy Catherine Murphy asked for a commitment that we debate any possible deal in the House. We can easily give that commitment. It will be debated in full and we will vote on any deal we enter into.

I have no problem giving that commitment.

Other Deputies have asked if the Bill has been constitutionally proofed. Most Deputies know that when a stamped copy of a Bill is advanced to the Government by the Attorney General, the fact she has stamped it means it is constitutionally proofed.

Comments

No comments

Log in or join to post a public comment.