Seanad debates

Thursday, 5 March 2009

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

 

4:00 pm

Photo of Pearse DohertyPearse Doherty (Sinn Fein)

I move amendment No. 3c:

In page 3, before section 2, to insert the following new section:

"2.—The Minister shall not direct the Commission to use funds from the National Pension Reserve Fund in excess of €7 billion for the purposes of investing in any financial institution without the consent of both Houses of the Oireachtas.".

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