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"content": "You will recall that towards the end of the last Session, the House passed a number of Bills amongst them the Insurance (Amendment) Bill, National Assembly Bill No.5 of 2013. Thereafter, the Bills were presented to His Excellency the President for assent. In particular, the Insurance (Amendment) Bill was presented on 26th November, 2013. However, on 9th December, 2013, I received a Memorandum from His Excellency the President containing his reservations on the Insurance (Amendment) Bill and seeking reconsideration of the Bill by this House. The Memorandum explains in detail the basis on which the reservations have been raised. Hon. Members, our Standing Order No.154 requires the National Assembly to consider the President’s reservations within 21 days. Since the Memorandum was submitted at a time when the House was on recess, time started counting yesterday, that is, 11th February, 2014 being the first day of this Session. In that connection, therefore, I now direct the Departmental Committee on Finance, Planning and Trade to examine the reservations by His Excellency the President with a view to guiding debate when the reservations are considered by this House. I also direct the Clerk to circulate the Memorandum from the President to all Members so that you can familiarize yourselves with its contents. Hon. Members, just to remind you that Article 115(4) of the Constitution provides and I quote: “Parliament, after considering the President’s reservations, may pass a Bill a second time without amendment or with amendments that do not fully accommodate the President’s reservations, by a vote supported- (a) by two-thirds of Members of the National Assembly---” I also want to remind the House and the Committee that all the clauses of the Bill that have reservations will be considered by the House. In this regard, the Committee should table its Report on or before Thursday 20th February, 2014 so that the Bill can be put down for consideration in the Committee of the whole House during the week commencing 25th February, 2014. I thank you."
}