Paul Coghlan (Fine Gael)

I warmly welcome the Minister to the House. This Bill is fatally flawed, both legislatively and commercially. I am glad the Minister is here to add his authoritative voice on the subject.

The Bill proposes the contravening of the legislation which established NAMA and which governs how it conducts its business. It envisages the public revelation of commercially sensitive information and the placing of NAMA at a significant competitive disadvantage in the market place. It does so under the pretext of protecting the interests of Irish taxpayers when in practice the opposite would be the effect of this proposed legislation's enactment-----