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{
    "id": 1144054,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1144054/?format=api",
    "text_counter": 12,
    "type": "speech",
    "speaker_name": "Hon. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Members, you may recall that, towards the end of the last Session, the National Assembly passed the Kenya Deposit Insurance (Amendment) Bill (National Assembly Bill No.43 of 2020). The Bill was sponsored by the Member for North Imenti Constituency, Hon. Abdul Rahim Dawood, MP. Following its passage, I presented the Bill for Assent to H.E. the President in accordance with the provisions of the Constitution and our Standing Orders. However, in exercise of the powers conferred under Article 115(1)(b) of the Constitution, H.E. the President, by way of a Memorandum, has referred the Bill back to the National Assembly for reconsideration. Hon. Members, in his Memorandum, the President has expressed reservations to Clause 2 of the Bill which seeks to amend Section 28 of the Kenya Deposit Insurance Act by deleting sub- section (2) and introducing a new provision to prescribe six months as the waiting period for payment of compensation to a customer in respect of a protected deposit."
}