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Dáil
‹ Order of Business

Mortgage distress and insolvency legislation

Summary

Peter Mathews sought ministerial orders under the Land and Conveyancing Law Reform legislation and pressed for urgent action on distressed mortgages, criticising the Government’s insolvency response. Despite repeated rulings that the issue was out of order, he continued speaking and was ordered to leave. The Taoiseach said insolvency measures were due in April, cited restructured mortgage accounts and explained why emergency misuse-of-drugs legislation was required.

In regard to the Land and Conveyancing Law Reform Bill, when will the ministerial orders and regulations be brought in? I wish to be specific and pragmatic. It does not give me any pleasure to say this, but the Misuse of Drugs (Amendment) Bill is coming into the House as rushed legislation. Last Friday, we had Deputy Michael McGrath's very worthy Bill, which addresses the issue of the 40,000 mortgage home loans that are in distress. That number equates to three Aviva stadiums full of human beings in deep human distress.

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, we cannot discuss that.

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A Cheann Comhairle-----

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Seán Barrett An Ceann Comhairle Fine Gael

We cannot discuss a Bill that has now been put to the House.

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The Land and Conveyancing Law Reform Bill, coupled with the insolvency legislation, have been an abject failure in dealing with the problem that has been highlighted in red and orange lights since 9 March 2011. The Taoiseach might ask how I know that. I know it because I was one of the people who said that to him. Will he please address this tsunami? We are in our offices with green paper and yellow paper-----

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, please.

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-----coming at us like a blizzard, and different ministerial sections of different Departments are coming at us such that we cannot even think and measure the problem. We will not solve a problem unless we understand the cause.

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, we cannot discuss this on the Order of Business. The Deputy should table a Topical Issue matter and I will consider it.

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The banking inquiry is taking place down in a committee room at present, but this is the banking inquiry that needs to be solved - the 40,000 mortgages that are-----

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Seán Barrett An Ceann Comhairle Fine Gael

Thank you, Deputy. Will you resume your seat?

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-----staring us in the face.

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Seán Barrett An Ceann Comhairle Fine Gael

Thank you, Deputy.

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All we have to do is to take Deputy Michael McGrath's Bill and Deputy Willie Penrose's suggestion, merge the two of them and get them through this week.

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, I will not ask you again. Will you please adhere to direction of the Chair?

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It would be better legislation than these two items that have failed.

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Seán Barrett An Ceann Comhairle Fine Gael

Will the Deputy stop his display in the Chamber?

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I am only telling the Ceann Comhairle the reality. The Taoiseach has been let down by the people who should have been doing their jobs, but they have not done so.

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, will you show some respect to the Chair and sit down?

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The Ceann Comhairle is always telling me to sit down.

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Seán Barrett An Ceann Comhairle Fine Gael

Will you sit down? You are out of order.

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I am helping the Taoiseach. I am bringing to his attention things that need to be done.

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Seán Barrett An Ceann Comhairle Fine Gael

Not on the Order of Business. Will the Deputy please sit down?

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I do not enjoy doing this.

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Seán Barrett An Ceann Comhairle Fine Gael

Will the Taoiseach answer the Deputy's first question?

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I ask the Taoiseach if we could have a quick turnaround-----

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Seán Barrett An Ceann Comhairle Fine Gael

If the Deputy does not resume his seat, I will have to ask him to leave the House.

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-----and a commitment to take Deputy Willie Penrose's Bill and-----

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Seán Barrett An Ceann Comhairle Fine Gael

Will the Deputy please resume his seat?

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-----Deputy Michael McGrath's Bill forward this week.

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Seán Barrett An Ceann Comhairle Fine Gael

I will not call the Deputy again if he behaves in this way. I assure him of that.

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I do not enjoy doing this.

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Seán Barrett An Ceann Comhairle Fine Gael

Well, you should not do it. You could put down a Topical Issue matter. Sit down, please.

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Excuse me. May I stand up for a moment?

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Seán Barrett An Ceann Comhairle Fine Gael

Will the Deputy please resume his seat?

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May I speak in a moment?

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Seán Barrett An Ceann Comhairle Fine Gael

No. Resume your seat.

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I want to ask a question.

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Seán Barrett An Ceann Comhairle Fine Gael

In future, if the Deputy wishes to raise an issue, I ask him to do as everybody else does and submit a request to raise a matter as a Topical Issue, not on the Order of Business.

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I have tabled Topical Issue matters previously and they have not been selected.

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Seán Barrett An Ceann Comhairle Fine Gael

Thank you. I call the Taoiseach.

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Enda Kenny The Taoiseach Fine Gael

The Land and Conveyancing Bill was passed in July 2013.

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The eviction Bill.

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Enda Kenny The Taoiseach Fine Gael

The question of the insolvency issue is one that will be dealt with in April-----

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On 1 April, I would say.

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Enda Kenny The Taoiseach Fine Gael

-----with a number of other measures being brought forward by the Government. I dealt with this issue this morning. I will point out for Deputy Mathews that 115,000 mortgage accounts were classified as restructured at the end of 2014.

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With respect, that is absolute rot.

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, will you please resume your seat?

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I have been involved in-----

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Enda Kenny The Taoiseach Fine Gael

Each of these is now in a satisfactory position-----

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Seán Barrett An Ceann Comhairle Fine Gael

Deputy, will you please leave the House?

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Seán Barrett An Ceann Comhairle Fine Gael

Thank you.

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Enda Kenny The Taoiseach Fine Gael

-----and 30,000 accounts were restructured in 2014.

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The Deputy will get covered on Vincent Browne's show tonight.

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Enda Kenny The Taoiseach Fine Gael

In regard to the taking of the Misuse of Drugs (Amendment) Bill, the reason is that the Court of Appeal struck down the protection given by ministerial direction for certain drugs to have them declared illegal. That now requires primary legislation, which must be dealt with this evening and tomorrow in the Seanad.

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We have peace at last.

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