Seanad debates

Wednesday, 7 July 2004

Dormant Accounts (Amendment) Bill 2004: Committee Stage.

 

6:00 pm

Photo of Brendan RyanBrendan Ryan (Labour)

I am not. The amendment is about transparency in the process of disbursing funds belonging to other people which the Oireachtas decided should not be left to make money for the banks and should be used for appropriate causes. It is now turned into taxpayers' money. We have already moved away from what it is, part of the general fund. The Government will say it is not true.

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