I welcome the Tánaiste’s statement on legislation to reduce the bankruptcy term to one year. Will she give a more specific date as to when it will be introduced in the House? Her colleague, Deputy Willie Penrose, has had a Bill providing for such a reduction for some time. I know that she is an advocate of reducing the bankruptcy term. Many are waiting for it to happen such as entrepreneurs who want to get back into business. As an avalanche of house repossessions is coming down the tracks, such legislation would give those affected some hope, too.

Deputy Willie Penrose brought forward proposals for a reduction of bankruptcy terms. I anticipate that the legislation will be brought before the House as soon as possible. There is still some work the Minister has to do in bringing the report of the Dáil committee to the Cabinet. Thereafter, it will be done as quickly as possible.

We have heard that 85 times already.