Seanad debates

Wednesday, 1 October 2008

Credit Institutions (Financial Support) Bill 2008: Committee Stage.

 

7:00 pm

Photo of Alan KellyAlan Kelly (Labour)

I move amendment No. 26:

In page 4, subsection (15), line 39 to delete "2009 and each year" and substitute "October 2008 and each month".

This relates to subsection (15), which states:

As soon as practicable after the end of 2009 and each year thereafter, the Minister shall lay a report before each House of the Oireachtas for the purpose of informing the members of each House on the situation with regard to any financial support provided under this section.

The Labour Party wishes to change this by deleting "2009 and each year" and substituting with "October 2008 and each month". This is an extraordinary Bill. Members find themselves in highly unusual circumstances and the Labour Party believes that if circumstances arise in which the Minister will be obliged to help different institutions, he should report on the matter on a monthly basis.

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