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{
    "id": 389441,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/389441/?format=api",
    "text_counter": 114,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Thank you, hon. Speaker. I beg to move that the Kenya Deposit Insurance (Amendment) Bill, National Assembly No.4 of 2013 be now read a Second Time. Hon. Speaker, I wish to report that the Report required under Standing Order No.127 (5) will be laid on the Table tomorrow for the reason that my usual clerk has been very sick this week. The Kenya Deposit Insurance (Amendment) Bill as hon. Members may know came up to take care of investors in cases where banks get problems. It gives assurance to the depositors that their deposits are safe. Depositors have had many problems. In that case, the depositors can still get part of their deposits. That is basically the purpose of this law. This Bill seeks to amend the principal Act which was passed in 2012. Therefore, I would like hon. Members to support this Bill so that this institution is strengthened and we give assurance to our depositors that in the event there is a problem in the organization they are banking with, their savings are still safe. 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."
}