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senate vote 2019-04-03#11

Edited by mackay staff

on 2019-04-26 12:31:21

Title

  • Bills — Export Finance and Insurance Corporation Amendment (Support for Infrastructure Financing) Bill 2019; Second Reading
  • Export Finance and Insurance Corporation Amendment (Support for Infrastructure Financing) Bill 2019 - Second Reading - Agree with bill's main idea

Description

  • <p class="speaker">Jane Hume</p>
  • <p>The question is that this bill be now read a second time.</p>
  • The majority voted in favour of the main idea of the bill, which means the Senate can now discuss it in more detail. In parliamentary jargon, they voted to read the bill [for a second time](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html).
  • ### What does the bill do?
  • The bill [was introduced to](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r6263):
  • > *expand the ability of the [Export Finance and Insurance Corporation](https://en.wikipedia.org/wiki/Export_Finance_and_Insurance_Corporation) to finance infrastructure projects by increasing its [callable capital](https://dictionary.cambridge.org/dictionary/english/callable-capital) and granting it a new overseas infrastructure financing power.*