Brian Stanley
Question:155. Deputy Brian Stanley asked the Minister for Finance when it can be expected to see the Credit Union (Amendment) Bill 2022 completed and enacted. [42608/23]
View answerThursday, 5 October 2023
Questions (155)
Written answers
I thank the Deputy for his question. The enactment of the Credit Union (Amendment) Bill 2020 is a key priority of Government and as the first substantive credit union legislation since 2012, it will deliver on the Programme for Government commitment to support the growth of the credit union sector. Both Minister Carroll MacNeill and I, are working hard to progress this legislation as quickly as possible.
As the Deputy will be aware, the Bill was published in November 2022. In December 2022 the Bill completed the legislative process in the Seanad and in March 2023 it was introduced in the Dáil.
Since it has been introduced in the Dáil, both Minister Carroll MacNeill and the Department of Finance have engaged extensively with key stakeholders, including the credit union representative bodies and the Central Bank. As a result of this engagement, a number of amendments have been identified and will be brought forward to Committee Stage on October 18th.
However, it is not possible at this stage to confirm an enactment date for the Bill, as this be determined by both the capacity and availability of the Office of the Parliamentary Council (OPC) and the Oireachtas timetable. Both Minister Carroll MacNeill and I are fully committed, and will continue to work hard to get this Bill enacted as quickly as possible.