Vice Premier Lin Hsin-yi (
Lin Chia-lung said the Executive Yuan officials hope to tell the public about the negative consequences of failing to pass the legislature at the earliest possible date.
The ruling DPP caucus at the Legislative Yuan has proposed that an extra legislative session be held in July to ratify pressing bills.
The DPP caucus plans to initiate an endorsement of legislators in late June for an extra session, according to Lin Chia-lung.
Among the six draft bills, two are revisions of existing laws -- 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).
Lin Chia-lung said the Cabinet expects that with the ratification of the revised Resolution Trust Committee (RTC) provisions, the fund -- which is urgently needed to clear financial problems -- can be enlarged to NT$1.05 trillion.
Cabinet statistics indicate that after clearing debts for 44 local financial institutions, only some NT$40 billion of the NT$140 billion fund is available, while several pressing cases involving problem banks are pending due to the small size of the RTC fund.
As to the revision of the Statute Governing the Relations of People on Both Sides of the Taiwan Strait, the spokesman said that any further delay in ratifying the revised statute will hinder cross-strait cargo transportation and commercial exchanges.
Lin Chia-lung also stressed the importance of passing new laws regulating real estate and securities, free-trade harbor zone management and the agricultural monetary system, as well as the establishment of a monetary supervision and management committee, in order to implement monetary reform that can bolster the country's ailing economy.
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