Brendan Howlin (Wexford, Labour) | Oireachtas source

The Minister for Finance announced in May that the Government had approved the drafting of the so-called rainy day fund Bill. The budget allocated €500 million to that fund and another €1.5 billion is to be transferred to it from the Ireland Strategic Investment Fund, ISIF. The national surplus (reserve fund for exceptional contingencies) Bill - not an elegant title - was mentioned in the Programme for a Partnership Government. We have not seen any heads of that Bill, although they were apparently approved in May. When will we see the draft legislation? Will there be pre-legislative scrutiny of this Bill? Can we please have a copy of the draft heads of the Bill that were approved?

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