Question 1

What does the Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021 do?

Accepted Answer

Ministers for Enterprise and Agriculture gain power to enter loan guarantee agreements with SBCI, funded up to €50 million total, to help eligible businesses access finance. Enables the Brexit Impact Loan Scheme for SMEs and agricultural enterprises to address liquidity issues and support post-Brexit investment. Act subject to review after four years; administration costs covered by Oireachtas appropriation; maximum Exchequer cost of €29 million for the scheme.

Question 2

What stage is the Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021 at?

Accepted Answer

As of 11 Sep 2024, the Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021?

Accepted Answer

The Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021 was sponsored by Minister for Enterprise, Trade and Employment, and was introduced on 4 May 2021.

Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021

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