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Tue, Jun 26, 2001 - Page 3 News List

Key finance bill looks in doubt

LEGISLATIVE POLITICS Opposition lawmakers want to create a board to oversee the financial industry before allowing licenses to financial holding companies

By Stanley Chou and Stephanie Low  /  STAFF REPORTERS

"This isn't a matter of my personal preference, but of the constitutional system," Chang said.

Chang said that the Cabinet, according to the Constitution, is obliged to deliver a policy report to the legislature every six months, but this does not apply to a provisional session, which is held for a special and specific purpose.

Furthermore, officials from related ministries had already delivered reports and accepted lawmakers' interpellation on the six bills when the bills were going through debate in committee, Chang added.

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