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{
    "id": 644458,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644458/?format=api",
    "text_counter": 26,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Thank you, Hon. Deputy Speaker. I beg to move the following Procedural Motion:- THAT, pursuant to the provisions of Standing Order No.97(1) and notwithstanding the resolution of the House of 10th February, 2016 regarding limitation of debate on Bills not sponsored by a Committee, the Leader of the Majority Party or the Leader of the Minority Party, this House resolves that debate on the Banking (Amendment) Bill (National Assembly Bill No.62 of 2015) be extended by a further two hours, from a maximum of three hours and thirty minutes, and that speaking time be limited to not more than five minutes for each Member. Hon. Deputy Speaker, debate on the Banking (Amendment) Bill sponsored by Hon. Njomo had a few minutes remaining. In view of the change of circumstances in the banking sector, it is fair that we allow a number of other Members to contribute. With five minutes each, for another two hours, it will allow at least another 24 Members to contribute to this debate. In view of what has happened in the financial services sector in this country, I am sure that many Members who did not have opportunity to contribute to this debate, especially on the issue of capping of the interest rates within the banking sector, will want to speak. Besides that, they will use the opportunity to speak on the new issues in the banking sector. I beseech Members to support the Procedural Motion. As we look at the emerging issues in the financial services sector, I ask the country and the Members of this House to appreciate that the banking or financial services sector is the artery of our economy. With those few remarks, I ask Hon. Jakoyo to second."
}