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Dáil
‹ Order of Business

Central Bank consolidation Bill

Summary

McGrath raises the hardship allegedly caused by NAMA and asks when the Central Bank consolidation Bill will be introduced. The Tánaiste says it will follow the Central Bank (Supervision and Enforcement) Bill, without giving a date.

My question is about the Central Bank (consolidation) (No. 2) Bill 2011. I have in my hand a coroner's report following an inquest into a businessman's untimely death. The National Asset Management Agency, NAMA, is pursuing families and driving them to despair and even death in some cases. It is State terrorism. These are not my words but the words of the county coroner in Tipperary.

Comment on this
Seán Barrett An Ceann Comhairle Fine Gael

To what Bill is the Deputy referring?

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The Central Bank (consolidation) (No. 2) Bill 2011. There must be some support for families, business people and ordinary working people who are being driven to pure misery.

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Seán Barrett An Ceann Comhairle Fine Gael

The Deputy can discuss it when it comes before the House.

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When will it be introduced?

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There are two legislative measures that are linked. The Central Bank (Supervision and Enforcement) Bill will be dealt with on Report Stage today. Following completion of the passage of that Bill, work will proceed on the Central Bank (consolidation) Bill. Obviously, it is not possible to give a date at this early stage, but the intention is that the Central Bank (consolidation) Bill will follow the Bill that is before the House today.

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