President Fernandez vetoes mortgage bill
President Leonel Fernandez has not signed the Bill for the Development of the Mortgage Market and Trust Funds into law. The President says that in its review, Congress eliminated some paragraphs that he believes affect the bill. He says the two paragraphs that were eliminated from Art. 69 of the bill are the ones that guarantee control and prudence in the use of the pension funds.
He returned the bill to the Senate.
The bill designates part of the pension plan funds for the construction of housing.
President Fernandez drew parallels in the bill as approved by Congress with legislation in the US that caused the financial crisis there.
From DR1 news.
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What do you think of this? Can two paragraphs that were eliminated from Art. 69 of the bill be so important and strong, that they protected this bill from landing under the same vice as the US Congress legislation which caused the financial crisis there?
Hmmm...
President Leonel Fernandez has not signed the Bill for the Development of the Mortgage Market and Trust Funds into law. The President says that in its review, Congress eliminated some paragraphs that he believes affect the bill. He says the two paragraphs that were eliminated from Art. 69 of the bill are the ones that guarantee control and prudence in the use of the pension funds.
He returned the bill to the Senate.
The bill designates part of the pension plan funds for the construction of housing.
President Fernandez drew parallels in the bill as approved by Congress with legislation in the US that caused the financial crisis there.
From DR1 news.
---------------------------------------------------------------------------------------------------
What do you think of this? Can two paragraphs that were eliminated from Art. 69 of the bill be so important and strong, that they protected this bill from landing under the same vice as the US Congress legislation which caused the financial crisis there?
Hmmm...