Lawmakers may meet in a special legislative session by the end of the month to take up six bills dealing with reform of the nation's financial sector.
President Chen Shui-bian (陳水扁) officially asked the Legislative Yuan yesterday to hold the special session.
Legislative caucus leaders are set to meet today to negotiate the exact dates of the session. Proposals include holding the session on June 27 and June 28.
According to a statement sent to the legislature by the Presidential Office, the six bills are necessary to give a boost to the economy, which has been sputtering as a result of the global economic slowdown.
"To facilitate a sound development of the financial system and create a favorable environment for capital investment ... the legislative process for the six bills, which are urgent and crucial for financial reform, need to be completed as soon as possible," the statement said.
The legislation includes the Financial Holding Company Law (
The other three items concern amendments to the Business Tax Law (
Legislative Yuan speaker Wang Jin-pyng (
The Cabinet wants to see the bills passed by the end of this month, and one proposal includes holding the session on June 27 and June 28.
But Wang said yesterday that the session may start earlier, as the president's request had come sooner than expected.
The Cabinet had asked for a provisional legislative session after the six reform bills failed to pass before the closure of the last legislative session on June 6. The next session isn't scheduled to start until Sept. 18.
According to the nation's Constitution, a provisional session can be held at the request of the president or initiated by lawmakers with the endorsement of at least one quarter of the legislative body.
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