Bank legislation due in new Dáil session

Bills which gives effect to the Government‘s decision to increase protection to bank depositors and to recapitalise the banks…

Bills which gives effect to the Government‘s decision to increase protection to bank depositors and to recapitalise the banks are included in the legislative programme for the forthcoming Dáil session.

The legislative programme for the forthcoming Dáil session, which commences tomorrow and continues up to April 9th, was announced today.

Among the bills which will be published over the coming months are the Financial Services (Deposit Guarantee Scheme) Bill. This guarantees the savings held by depositors in any of six Irish banks and building societies – AIB, Bank of Ireland, Anglo Irish, Permanent TSB, EBS and Irish Nationwide – until September 2010.

Also included in the programme is the National Pensions Reserve Fund (Amendment) Bill which give effect to the Government’s decision to recapitalise the banks through the pensions reserve fund.

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The Dáil and Seanad will play a pivotal role in charting a way forward for our country during these difficult economic times worldwide," said the Government Chief Whip Pat Carey this morning.

"Along with continuing to meet the challenges which the global economic downturn has presented our country, the Government is bringing forward a broad legislative programme for the session up to April 9th," he added.

Other bills expected to be published during the forthcoming Dáil session include the Civil Partnership Bill, which will give greater protection to cohabiting and same-sex couples in areas such as pensions, inheritance and tax. the Employment Agency Regulation Bill, which establishes a statutory code of practice for employment agencies and the Criminal Justice (Forensic Sampling and Evidence) Bill which will enable the establishment of a DNA Database.

Proposals to change the law so State and civic agencies, including the churches, can exchange so-called 'soft information' on child sex abuse allegations are contained in the programme as are proposals to transpose the EU Directive on data retention.

A total of 44 Bills have been published since the Government came to office on 14th June 2007.

Charlie Taylor

Charlie Taylor

Charlie Taylor is a former Irish Times business journalist