Insolvency Act passed despite some legislators unsure about bill
The Insolvency (Amendment) Act 2022, is the principal legislation for restructuring, reorganisation, and insolvencies in the Virgin Islands.
Rushing of bills must stop - Hon Fraser
Opposition Leader Hon Julian Fraser RA (R3) had slammed the bill as being rushed when it should not be.
Hon Fraser said, “This first, second, and third reading thing, I trust that the Premier has really and truly seriously re-considered the practice,” he told the House during the debates of the Act.
According to the legislator, bills require meaningful discussions and that cannot happen once a bill is rushed, especially bills like the one that was being debated.
Meanwhile, the Deputy Speaker of the House Hon Neville A. Smith (AL) said while he will support the bill, it was the last time he will support a bill that he was not fully informed about.
Wrong to rush bills of that nature - Hon Smith
“It is wrong for us to bring a bill of this magnitude to the House of Assembly and pass it in the first, second and third sitting… it is wrong, I can clearly say I do not understand the bill, I have not read it,” he said.
Hon Smith said he is the type of person who likes to read bills ahead of passing them, and that was not the case with the Insolvency (Amendment) Act 2022.
Hon Smith said he cannot explain the bill if people ask about it and that legislators ought to stop the rush to pass new legislation.
“I support the bill because… it's important, but the next one that comes like this and I here, I am not [supporting]" he added.
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10 Responses to “Insolvency Act passed despite some legislators unsure about bill”
Did they actually pass a law without knowing what it is?
What does that say to the voting public ?
1) Why would you pass a bill that you don't understand?
2) What happens if you don't pass it?