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{
    "id": 196748,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/196748/?format=api",
    "text_counter": 166,
    "type": "speech",
    "speaker_name": "Mr. Baiya",
    "speaker_title": "",
    "speaker": {
        "id": 8,
        "legal_name": "Peter Njoroge Baiya",
        "slug": "peter-baiya"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker. I stand to oppose the Motion for the Second Reading of the Bill. This House has passed a Procedural Motion reducing the debating period of the Bill from 14 to 5 days. We have also passed the First Reading of the Bill. As it is about to go to the Second Reading, I must say that I feel pushed to the corner. This is because the first time I saw this Bill was this morning. I only had a quick glance at it. I heard the Minister explain the contents of this Bill but I am not ready to support the Bill to move as fast as the Minister wants it to go. The Bill has very substantive implications for the Accountancy Profession in this country. It is also seeking to create institutions that will have far reaching implications as far as the regulation of the financial sector of this country is concerned. Therefore, the immediate reason why we are 452 PARLIAMENTARY DEBATES April 15, 2008 regulating its registration is not for the sake of creating efficiency but merely to create work for this House. Perhaps we stand a bigger risk of passing a piece of legislation that will not withstand the scrutiny of time. The procedures of Parliament allowing us to debate the Bill as it is being presented have a lot of meaning. They enable us to digest what the Bill purports and what changes are likely to be made. This also gives Kenyans outside this House, an opportunity to scrutinise and ventilate various aspects that will be legislated upon by the Bill. I am, therefore, very hesitant and would like to oppose the Bill."
}