Bill entitled an Act to provide for a sui generis Debt Management Protocol for the farming sector— A. to provide for the disaggregation of lands charged with repayment of farm debt into two parcels, the "Farmlands" and the "Farmhouse", B. that debt secured on the parcel designated as the farmhouse be governed by the legislation, general law, and regulatory codes of conduct pertaining to a debtor's principal place of residence, and to take account of the special position of any co-owner thereof, C. for the role and regulation of receivers as credit servicers and as agent of the debtor, D. that possession and sale of the farmlands by the secured creditor be deferred until after a moratorium affording the debtor space and time to engage in preparation of a proposal of a "Farm Debt Settlement Arrangement”, E. further provisions relevant to early discharge of farm debt, following the approach of Directive (EU) 2019/1023, F. that the said measures be modelled on the company examinership provisions in the Companies (Amendment) Act, 1990, as to a moratorium and otherwise, but also reflect the provisions in the Personal Insolvency Acts, 2012 to 2015, regarding the Court's discretion to enforce on creditors a Farm Debt Settlement Arrangement proposal which modifies the terms of the secured loan but also satisfies section 71(1)(d)(i) and section 115(A)(9)(e) and (f) of the said Acts as to fairness for each class of creditors, and allows the farmer a fresh start for a farm with ongoing viability, G. for measures to open access to cross border liquidity for second mortgages at sustainable cost, and H. for the option of returning overindebted lands to State ownership in the interests of the patrimony, food security and the climate change agenda.
Last updated: 8 Nov 2024
History of this Bill
The Bill lapsed with the dissolution of the Dáil.
08 Nov 2024
Dáil Éireann
Seanad Éireann
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Dáil First Stage
26 Apr 2022
Dáil First Stage
The Bill is initiated or presented to the House
26 Apr 2022
Completed
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Dáil Second Stage
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Dáil Second Stage
The general principles of the Bill are debated
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Future Stage
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Dáil Third Stage
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Dáil Third Stage
The Bill is examined section by section and amendments may be made
(Also known as Committee Stage)n/a
Future Stage
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Dáil Fourth Stage
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Dáil Fourth Stage
Amendments arising out of Committee Stage are considered
(Also known as Report Stage)n/a
Future Stage
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Dáil Fifth Stage
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Dáil Fifth Stage
Final statements on the Bill are made and it is set down for Second Stage in the Seanad
(Also known as Final Stage)n/a
Future Stage
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Seanad First Stage
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Seanad First Stage
The Bill is deemed to have passed Seanad First Stage
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Future Stage
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Seanad Second Stage
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Seanad Second Stage
The general principles of the Bill are debated
n/a
Future Stage
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Seanad Third Stage
n/a
Seanad Third Stage
The Bill is examined section by section and amendments may be made
(Also known as Committee Stage)n/a
Future Stage
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Seanad Fourth Stage
n/a
Seanad Fourth Stage
Amendments arising out of Committee Stage are considered
(Also known as Report Stage)n/a
Future Stage
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Seanad Fifth Stage
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Seanad Fifth Stage
Final statements on the Bill are made
(Also known as Final Stage)n/a
Future Stage
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Enacted
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Enacted
The Bill is signed into law by the President
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Future Stage
26 Apr 2022
As initiated
Impaired Farm Credit Bill 2022
This list of debates may not be complete. You can also search directly for this Bill within the Debates section.
Debates
23 Nov 2022
Dáil Éireann
Impaired Farm Credit Bill 2022: Second Stage (Resumed) [Private Members]
17 Nov 2022
Dáil Éireann
Impaired Farm Credit Bill 2022: Second Stage [Private Members]
26 Apr 2022
Dáil Éireann
Impaired Farm Credit Bill 2022: First Stage