Written answers
Tuesday, 26 September 2023
Department of Finance
Regulatory and Poverty Impact Assessments
Catherine Connolly (Galway West, Independent)
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193. To ask the Minister for Finance the number of Bills prepared by his Department in the 33rd Dáil to date; the number and title of those Bills that included a Regulatory Impact Assessment; the title of the RIAs published by his Department; and if he will make a statement on the matter. [41589/23]
Michael McGrath (Cork South Central, Fianna Fail)
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Nineteen Bills have been published since 27 June 2020 which were sponsored by the Minister for Finance. Regulatory Impact Assessments (“RIAs”) were published on the Department’s website in respect of five of those Bills. RIAs and screening RIAs were also prepared in respect of a number of the Bills, and circulated to cabinet members along with the Memorandum for Government.
Please see attached table listing those Bills and setting out details in relation to accompanying RIAs.
Bills sponsored by the Minister for Finance published since June 2020
| No. | Act / Bill | Date of publication | Title of published Regulatory Impact Assessment | Other information |
|---|---|---|---|---|
| 1.Financial Provisions (Covid-19) Act 2020 | 8 July 2020 | - | See Note One | |
| 2.Financial Provisions (Covid-19) (No. 2) Act 2020 | 23 July 2020 | - | See Note One | |
| 3.Finance (Miscellaneous Provisions) Act 2020 | 18 November 2020 | - | Screening RIA was circulated with the Memo for Government | |
| 4.Finance Act 2020 | 20 October 2020 | - | See Note One | |
| 5.Investment Limited Partnerships (Amendment) Act 2020 | 17 September 2020 | - | Screening RIA was circulated with the Memo to Government | |
| 6.Finance (Covid-19 and Miscellaneous Provisions) Act 2021 | 22 June 2021 | - | See Note One | |
| 7.Finance (Local Property Tax) (Amendment) Act 2021 | 7 July 2021 | Finance (Local Property Tax) (Amendment) Bill 2021 Regulatory Impact Analysis 28 May 2021 | Published on the Department’s website | |
| 8.Finance (European Stability Mechanism and Single Resolution Fund) Act 2021 | 1 September 2021 | - | As no regulatory impacts arose from this legislation, it was not necessary to conduct an RIA | |
| 9.Finance Act 2021 | 21 October 2021 | - | See Note One | |
| 10.Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 | 6 July 2021 | Regulatory Impact Analysis (RIA) in relation to the Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms Bill) 2021 June 2021 | Published on the Department’s website | |
| 11.Finance (Covid-19 and Miscellaneous Provisions) Act 2022 | 4 March 2022 | - | See Note One | |
| 12.Insurance (Miscellaneous Provisions) Act 2022 | 1 April 2022 | Insurance (Miscellaneous Provisions) Bill 2021 Regulatory Impact Analysis October 2021 | Published on the Department’s website | |
| 13.Consumer Credit (Amendment) Act 2022 | 7 March 2022 | Consumer Credit (Amendment) Bill 2021 Regulatory Impact Assessment 6 July 2021 | Published on the Department’s website | |
| 14.Bretton Woods Agreements (Amendment) Act 2022 | 14 March 2022 | - | RIA was circulated with the Memo to Government | |
| 15.Finance Act 2022 | 18 October 2022 | - | See Note One | |
| 16.Credit Unions (Amendment) Bill 2022 (No. 112 of 2022) | 30 November 2022 | - | RIA was circulated with the Memo for Government | |
| 17.Central Bank (Individual Accountability Framework) Act 2023 | 28 July 2022 | Central Bank (Individual Accountability Framework) Bill - Regulatory Impact Analysis June 2022 | Published on the Department’s website | |
| 18.Finance Act 2023 | 9 March 2023 | - | See Note One | |
| 19.Finance (State Guarantees, International Financial Institution Funds and Miscellaneous Provisions) Bill 2023 (No. 66 of 2023) | 18 September 2023 | - | No formal RIA was conducted in light of the necessity to develop this Bill quickly. However, no impacts were identified for Jobs, North-South, East-West Relations, Gender Equality, Poverty Proofing, Competitiveness & Industry Costs, Rural Communities, Quality Regulation, People with Disabilities. |
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