Personal insolvency Bill timetable
Micheál Martin disputes the Taoiseach’s account of the Keane report and asks when the personal insolvency Bill will proceed. The Taoiseach says it will be published Friday, receive Second Stage before the recess if possible, and likely reach Committee Stage in October; Gerry Adams criticises the process.
On forthcoming legislation, I wish to point out to the Taoiseach that the Keane report did not recommend the ending of the mortgage interest supplement scheme. In my view he should not have distorted its recommendations in his response to my earlier questions. The report looks for sustainable models but nowhere in the Keane report is there a recommendation for the ending or the phasing out of the mortgage interest supplement scheme, which is a scandal in terms of what-----
Comment on this
Will the Taoiseach give the House an indication and an outline as to when it is proposed to circulate the personal insolvency Bill, the timetable for Second Stage debate and for Committee Stage and ultimate implementation and commencement? We need some idea of the timeline for implementation of the proposed measures.
Comment on this
The personal insolvency Bill will be published and circulated on Friday and a full press conference will be held on Friday to deal with any questions on the details of the Bill. It is expected that Second Stage will be taken probably next week. It is not a fact that the banks must wait for the Bill to be enacted before they start dealing with their customers and their borrowers. The very fact that the legislation is being produced and published and is going through the process, is an opportunity for banks and lenders to sit down and work it through with their customers. The Bill will be published on Friday and all the details of the technicalities will be available on Friday. The Whips will make arrangements for the Second Stage to be taken probably next week. I expect a lot of interest in this Bill. We will accommodate the House by making as much time as possible available for the Second Stage debate, given the proposal for a summer recess. However, I want to see Second Stage concluded after everyone has had an opportunity to participate in the debate.
Comment on this
What is the timeline for Committee Stage?
Comment on this
I will not give the Deputy a timeline for Committee Stage because I do not expect this will be concluded before the summer recess. There is a great deal of interest in this legislation but if we can have concluded Second Stage before the summer recess we will be doing very well.
Comment on this
I would say that is probably a realistic time period, when the Dáil resumes after the summer recess. We can work through the Committee Stage process. October is a good bet, I would think. We are anxious to have it finalised appropriately around that time.
Comment on this
Ceann Comhairle, please.
Comment on this
I think a wee dose of rescue remedy for the Government Deputies might be useful in these sessions.
The process outlined by the Taoiseach for dealing with the personal insolvency Bill is most unsatisfactory. It is obvious the Bill is ready.
Comment on this
It is not a case of the personal insolvency Bill not being brought to the House. On Friday, I want Members to have a copy of the Bill, the explanatory memorandum and the questions and answers across a spectrum of areas dealing with this.
Comment on this
That is the reason it will be brought to the House next week. It is not a case of having it physically available for Government Deputies; it has to be done for everybody. It was approved yesterday, will be published on Friday and all the details will be in the House next week for the start of the process.
The fiscal stability legislation will be introduced in this session also.
Comment on this
The Taoiseach cleared this Bill with the banks first, before coming to the House.