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{
    "id": 844819,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/844819/?format=api",
    "text_counter": 226,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": " Thank you, Hon. Temporary Deputy Chairman. I stand to support the amendment. I listened to the Leader of the Minority Party and he has a point in the Finance Committee bringing meaningful amendments not just to the Banking Act, but even to the interest capping law. It is imperative not just for the Chair of Finance but also for the National Treasury or the committee to formulate meaningful changes to the overall credit management system in the country. That is why, yesterday, I was very opposed to the interest capping changes that were proposed by the National Treasury. It needs to be relooked at deeper than just bringing amendments through the Finance Bill. However, I support this and I want to concur with what the Member for Gilgil, Hon. Wangari, has said. It is not about just conforming to the Statutory Instruments Act but this amendment is actually in line with Article 94 of the Constitution that says no other body other than Parliament has the powers to make laws or any regulations that have the force of law. Therefore, for CBK to purport to make regulations that will have the force of law, without those The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}