{"id":564312,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/564312/?format=json","text_counter":331,"type":"speech","speaker_name":"Hon. Langat","speaker_title":"","speaker":{"id":384,"legal_name":"Benjamin Kipkirui Langat","slug":"benjamin-langat"},"content":"Hon. Temporary Deputy Chairman, I beg to move:- THAT, Clause 35 be amended— (a) in subclause (1) by deleting the words “Securities and Investment” wherever they occur and substituting therefor the words “Investment and Financial”; (b) in subclause (4) by deleting the word “five” and substituting therefor the word “one”. The first one is a consequential amendment. The other one is about the penalties which we are seeking to reduce from Kshs500,000 to Kshs100,000. My Committee felt that Kshs500,000 is too high for a first offender. So, we agreed to reduce it from Kshs500,000 to Kshs100,000 for a first offender and Kshs1,000,000 for each day on which the offence continues."}