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{
    "id": 1003160,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1003160/?format=api",
    "text_counter": 244,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "But there have been issues. When banks collapse and KRA has an account there, the funding which has been collected on behalf of Kenyans is not given priority in terms of payment in case of liquidation of the bank. This Bill proposes to give priority to KRA in case there is an issue of liquidation. Let me now turn to public participation. In terms of public participation in line with Article 118 of the Constitution, the Committee received a record 40 memoranda, having accorded the public an opportunity through the newspaper advertisement placed on Friday, 8th May 2020. It ran all the way to 21st May 2020. We received several memoranda from 40 entities. Among them are: 1. Kenya Breweries Limited; 2. PKF Taxation Services Limited; 3. The Institute of Certified Public Accountants of Kenya; 4. Kenya Bankers Association; 5. KPMG Advisory Services Limited; 6. Oxygen Limited; 7. Association of Retirement Benefits Schemes; 8. African Salihiya Cargo and Cleaning Services; 9. Fund Managers Association; 10. Anjarwalla and Khanna LLP; The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}