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{
    "id": 1368380,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1368380/?format=api",
    "text_counter": 288,
    "type": "speech",
    "speaker_name": "Sen. Orwoba",
    "speaker_title": "",
    "speaker": null,
    "content": "being intentional about amending the Banking Act of 2015 Cap 488 to ensure that Kenyans have the same leeway? I have exhausted the fact that this is no longer a luxury. We need this to happen. If auctioneers are listening, they will tell you that business is not good. They repossess and charge for storage yet the people they are charging are not able to pay for those fees because they cannot recoup that money from people who have taken those loans. If you think about it, it is a never-ending cycle of nonsense that we need to deal with by amending this Act. As a country that is trying to move this economy from one place to the next, we need to be intentional with the legislation on how we will ensure that the environment of setting up and sustaining businesses is improved. I beg to second this Motion. I hope my colleagues can see the sense in it. I am a former Member of the Standing Committee on Delegated Legislation. I hope that they can also interrogate some of the regulations of the Banking Act because they come hand in hand with the regulations. While we are amending the Act, maybe the fastest way to remedy this problem would also be through engaging the various Ministries and see whether we can amend those existing regulations. I thank you."
}