Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I do not propose to accept this amendment on the grounds that it is not intended to revisit the operation of the NTMA or the Ireland Strategic Investment Fund at this time. These will continue to operate in the manner prescribed in the NTMA (Amendment) Act. This section of the Bill operates as a technical amendment and does not change the effect or the operation of section 37(a) of the NTMA (Amendment) Act or alter the ability of the Minister to issue directions to the NTMA. It is a clarification to ensure that section 37(a) of the NTMA (Amendment) Act of 2014 operates in the manner intended by the legislature at the time of the enactment of that Act. It aims to ensure there is no ambiguity in terms of ensuring that the way the Members of these Houses intended the NTMA to act in 2014 is the way it can continue to act.