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Cabinet pleads for provisional session

In what was seen as a desperate effort to resuscitate the sluggish economy, the Executive Yuan yesterday called on the Legislative Yuan to convene a 15-day provisional legislative session to expedite reviews of six bills deemed as important to reform the financial sector and revive the economy.

"Our request is simple and humble," said Cabinet Spokesman Lin Chia-lung (林佳龍). "If the legislature doesn't approve the six bills before it reconvenes its next session in September, it'll be preoccupied with the review of next year's annual budget during the next legislative session and then the public attention will shift to the presidential election in March."

If the legislature eventually grants the Cabinet's request, it will mark the fourth extra legislative session held since the DPP came to power in May 2000. Only five extra legislative sessions were held during the 50-year KMT rule.

Lin made the remark yesterday morning during a press conference.

The six bills are financially-related draft amendments to the Statute Governing the Relations of People on Both Sides of the Taiwan Strait (台灣地區與大陸地區人民關係條例) and the Resolution Trust Committee Fund Regulatory Provisions (金融重建基金設置及管理條例).

Draft bills include the establishment and management of the free-trade harbor zone (自由貿易港區設置管理條例), the agricultural financial law (農業金融法), the real estate securitization act (不動產證券化條例), and the financial supervisory board law (金融監督管理委員會組織法).
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