13 Feb 2019 in National Assembly:
Hon. Temporary Deputy Speaker, because of time, I wish to say that the proposals contained in this Bill are meant to bring sanity.
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13 Feb 2019 in National Assembly:
Much appreciated for the guidance, Hon. Temporary Deputy Speaker. Most county government stakeholders who appeared before us were opposing the issue of bringing together the bank accounts. This proposal will ensure that we operate a single account at the Central Bank as opposed to what we have now where they have bank accounts in different commercial banks. At the same time, this Bill proposes to restrict overdrafts to Central Bank. Of course, they opposed this kind of arrangement, but that is how it is going to happen. Also, the proposal to involve the National Assembly in the formation of parastatals ...
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13 Feb 2019 in National Assembly:
governments, but it is the view of the proposal here that they should involve the National Assembly. I do not want to go into the details. This Report will be available for Members to go through the comments, all of which are trying to propose either additional amendments or some form of the status quo. In terms of the committee’s position, we have come up with a raft of amendments, some of which were even proposed by the National Treasury as additional. All of them revolve around making the amendments smoother. These amendments are very important. We propose to the ...
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5 Dec 2018 in National Assembly:
Hon. Speaker, I second.
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5 Dec 2018 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move:
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5 Dec 2018 in National Assembly:
THAT, Clause 3 of the Bill be amended by deleting paragraph (b).
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5 Dec 2018 in National Assembly:
What we are proposing here is to delete this particular clause because it is already covered in the Act. Hence it is a repetition. So, there was no need of that.
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5 Dec 2018 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move: THAT, Clause 5 of the Bill be amended in paragraph (a) by inserting the following new subsections immediately after subsection (2A) ─ (2B) The Cabinet Secretary shall make regulations to give effect to the provisions of subsection (2A). (2C) A person who ─ (a) colludes with an officer of the Authority for the purpose of collecting the reward under subsection (2A); (b) while working at the Authority aids another person to get and provide information under subsection (2A); (c) provides false information under subsection (2A); The electronic version of the Official Hansard ...
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5 Dec 2018 in National Assembly:
commits an offence and shall on conviction be liable to a fine not exceeding five million shillings or to imprisonment for a term not exceeding five years. The first amendment in (2B) gives the Cabinet Secretary room to make regulations to give effect to subsection (2A.) The second amendment which is (2C) creates an offence for persons working for the Authority who may collude in order to benefit from the reward system. This particular amendment is creating a reward for those who give information leading to recovery of investors’ money. Therefore, this amendment that we are introducing will create an ...
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5 Dec 2018 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move: THAT, Clause 7 of the Bill be amended by deleting subparagraph (vii). This particular amendment is just to delete subparagraph (vii) because it is similar to subparagraph (iii). It was a repetition. We are just cleaning up the Bill.
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