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"id": 1121899,
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"type": "speech",
"speaker_name": "Sen. Kavindu Muthama",
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"content": "Mr. Speaker, Sir, I rise pursuant to Standing Order No. 48(1) to seek a Statement from the Standing Committee on Finance and Budget regarding the implementation of the provisions of the Kenya Deposit Insurance Act, 2012. In the Statement, the Committee should- (1) State the measures, if any, that the National Treasury has taken to ensure compliance with Section 55(1), 59(4) and 60(1) of the Kenya Deposits Insurance Act of 2012; and (2) Outline the steps taken by the Committee, if any, to amend the law by introducing crucial safeguards such as putting a clear capping on the time to be taken by liquidation of deposits-taking institutions; in order to protect creditors and depositors given the huge numbers of the said institutions that have gone under in the recent past. Mr. Speaker, Sir, I thank you."
}