Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021

Plain-English summary AI · claude-haiku-4-5-20251001

• Approves Ireland's participation in updated European Stability Mechanism and Single Resolution Fund agreements signed in early 2021.
• Amends three existing finance acts to align Irish law with new EU financial stability and bank resolution arrangements.
• Enables Ireland to contribute to eurozone crisis management and banking sector stability mechanisms as agreed internationally.

Stage timeline

1. First Stage 26th Seanad

   31 Aug 2021
2. Second Stage 26th Seanad

   14 Oct 2021
3. Committee Stage 26th Seanad

   14 Oct 2021
4. Report Stage 26th Seanad

   21 Oct 2021
5. Fifth Stage 26th Seanad

   4 Nov 2021
6. Second Stage 33rd Dáil

   4 Nov 2021
7. Committee Stage 33rd Dáil

   10 Nov 2021
8. Report Stage 33rd Dáil

   25 Nov 2021
9. Fifth Stage 33rd Dáil

   2 Dec 2021
10. Enacted

    9 Dec 2021