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Bill: P.d.l. 02/4370 - Deposits and Consignments Fund/Cassa Depositi e Prestiti Establishment Act
Details
Submitted by[?]: Alleanza Radicale - NCD
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: July 4371
Description[?]:
| Simone Calenda, Minister of Trade and Industry: "Hon. MPs, I would like present you the already announced project of a public financial institution which will act as investment bank in the form of a Joint-stock company which shares will be controlled by the Minister of Finance (80%) and Banking foundation (20%). Cassa Depositi e Prestiti will manage the entire Istalian Postal as first source of financial resources. These resources will be used by the bank to lend money to the Istalian State or local governments, acquire strategic equities and invest in financial, infrastructural and economical projects considered strategic for the development of the Istalian economy. In fact, the main mission of the institution will be to promote the development of Italy's economic and industrial system, maintaining an active role on the global scenario. Areas of intervention: Cassa Depositi e Prestiti carries out missions of public interest in support of the public policies implemented by the State and local government bodies. It will contribute to the development of enterprises in line with its own proprietorial interests, and may also exercise competitive activities. It ensures, on behalf of the State and local authorities, missions of general interest: - Loans to the State and local authorities and businesses - Participation in the share capital of medium and large national companies profitable and considered strategic for the development of the country - Financing of industrial and financial projects deemed relevant for the growth of the Italian economic system - Management of the postal savings funds - Management of pension plans in coordination with the National Insurance Agency - Key stakeholder and provider of funding for the urban policy - Supporting universities in their projects and providing funding for their autonomy - Financing the development of very small businesses, microcredit and small and medium enterprises - Promoting research and financing sustainable development - Developing territories alongside local authorities - Long-term institutional investor Governance - Supervisory Committee: exercises oversight in particular with regard to strategic policies, the administration of savings funds and the preparation of the financial statements. It is composed of members of the Parliamentary Finance Committee, members of the Council of state, the Governor of the Bank of Istalia (Central Bank), the Director of the Istalian Treasury and three members appointed by the president of the Chamber of Deputies for their financial or economic experience. - Board of Directors: it is responsible for administering the institution’s funds and assets. The directors are appointed by the Minister of Finance under adivece of the Supervisory Committee for a period of 5 years. Thank you OOC: This is an RP ordinary bill, it requires more yes votes than no votes like an ordinary bill. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 00:15:10, March 31, 2018 CET | From | Partito Nazionale Democratico | To | Debating the P.d.l. 02/4370 - Deposits and Consignments Fund/Cassa Depositi e Prestiti Establishment Act |
| Message | Silvia Rossi, AI Speaker for Finance, Again, we believe this may undermine the authority of the central bank. Please, prove us wrong. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 282 | |||||
| no | Total Seats: 201 | |||||
| abstain | Total Seats: 0 |
| Random fact: Whilst the use of non-English languages can be appropriate for nation names, party names, constitutional titles and other variables, English is the official language of communication in the game. All descriptive texts and public communications should be in English or at least appear alongside a full English translation. |
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