Second Reading of the Draft Act (399 SE) on the Adoption of the Euro and the Amendment of Other Related Acts
Session: 15th Riigikogu, 3rd session, plenary session.
Date: 2024-05-08 22:13
Participating Politicians:
Total Speeches: 3
Membership: 15
Agenda Duration: 2m
AI Summaries: 3/3 Speeches (100.0%)
Analysis: Structured Analysis
Politicians Speaking Time
Politicians
Analysis
Summary
Next, we will address the seventh item on the agenda: the second reading of Bill 399, initiated by the Government of the Republic, concerning the Act on the introduction of the euro and related amendments to other legislation. The purpose of the bill is to reduce the need for the use of one- and two-cent coins, as their production and handling have a significant environmental impact, and the coins do not return to circulation most of the time. The rounding proposal would apply only to cash payments; the total purchase amount will be rounded to the nearest five cents, while electronic and card payments will remain payable exactly. No feedback was received from interest groups regarding the bill, and no amendment proposals were submitted by the deadline. The Finance Committee discussed the bill on April 30. No questions were raised, and the committee’s consensus decision was to conclude the second reading and, if concluded, to submit the bill for the third reading on the plenary agenda on May 15.
Decisions Made 1
The second reading is to be concluded, and the bill is to be placed on the plenary session agenda for the third reading on May 15th; no amendments were received; there was no feedback from interest groups; the lead committee made a consensual decision to conclude the second reading.
Most Active Speaker
The most active speaker was Jaak Aab, a member of the Finance Committee of the Riigikogu; his political position is categorized as 'other' (meaning neither left nor right, but rather a more central or professionally neutral role).
Esimees Lauri Hussar
AI Summary
This agenda item concerns the second reading of Draft Bill 399—the Act amending the Euro Adoption Act and related acts—which will be presented by Jaak Aab, a member of the Riigikogu Finance Committee.
AI Summary
The presentation clarifies amendments to other legislation alongside the Euro adoption law, and stresses the reduction in the use of one- and two-cent coins. This is achieved by proposing the rounding of cash transactions: the purchase amount will be rounded to the nearest five cents only when settling in cash, while electronic and card payments will remain exact. Furthermore, the Finance Committee recommends concluding the second reading and scheduling the draft bill for the third reading on the plenary agenda for May 15th.
Esimees Lauri Hussar
AI Summary
Chairman Lauri Hussar declared the second reading of Bill 399 closed and noted that neither requests to speak nor amendments had been submitted.