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{
    "id": 940990,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/940990/?format=api",
    "text_counter": 143,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": " Hon. Temporary Deputy Chairman, I beg to move: THAT, the Bill be amended by inserting the following new clause immediately after clause 45- Amendm 45A. The Banking Act is amended in section 56 by inserting the following new sub- ent of section immediately after sub-section (3) ─ section 56 (4) Notwithstanding the repeal of section 33B, any agreement or arrangement to borrow of Cap. or lend which was made or entered into, or varied pursuant to the provisions of section 33B (now 488 repealed), shall continue to be in force on such terms, including interest rates, and for the duration specified in the agreement or arrangement. Provided that the interest rate chargeable under that agreement or arrangement may be varied downwards. The purpose of this amendment is to save members of the public who have loans so that the interest chargeable will not be affected. We are saving you, my friends. We are saving you. This one will help those who have loans so that they cannot pay high interests. I beg to move."
}