Jovan Johnson, Gleaner Writer KINGSTON, Jamaica: The Opposition says a government under pressure to pass International Monetary Fund (IMF) related laws was on display last week after a proposed legislation had to be withdrawn because it needed numerous amendments.
The bankruptcy and insolvency bill was withdrawn from the Senate, where it was first tabled, and is to be reintroduced through the House of Representatives.
Under the countrys agreement with the IMF, the bill must be passed by the end of the month.
The bill had to be withdrawn from the Upper House after a joint-select committee, recommended a major overhaul of its framework.
Opposition Spokesperson on Commerce and Industry, and committee member, Karl Samuda, says the bill should first have been brought to the Lower House, given the nature of its proposals.
He says while the forced-withdrawal of the proposed law has not compromised parliamentary integrity, the Government must be careful not to rush the peoples business.
The bill seeks to repeal the existing bankruptcy law and create new provisions to govern the regulation of bankruptcy and insolvency in Jamaica.
It is expected that with the IMF deadline being so close, Anthony Hylton, the minister of Industry, Investment and Commerce, will seek to have the insolvency bill tabled on Wednesday when the House meets.