2016/0274(COD)

Guarantee Fund for external actions: asset management

Awaiting Council 1st reading position / budgetary conciliation convocation

2016/0274(COD) Guarantee Fund for external actions: asset management
RoleCommitteeRapporteurShadows
Opinion AFET KUKAN Eduard (EPP)
Lead BUDG GARDIAZABAL RUBIAL Eider (S&D) MUREŞAN Siegfried (EPP), DEPREZ Gérard (ALDE), BENITO ZILUAGA Xabier (GUE/NGL), HAUTALA Heidi (Verts/ALE), ZANNI Marco (ENF)
Opinion DEVE DEVA Nirj (ECR)
Opinion INTA QUISTHOUDT-ROWOHL Godelieve (EPP)
Opinion LIBE
Lead committee dossier: BUDG/8/07915
Legal Basis TFEU TFEU 209-p1, TFEU TFEU 212
Subjects
Links

Activites

  • 2018/02/08 Decision by Parliament, 1st reading/single reading
    • T8-0037/2018 summary
  • 2018/02/07 Debate in Parliament
  • 2017/12/04 Approval in committee of the text agreed at 1st reading interinstitutional negotiations
  • 2017/04/06 Referral to associated committees announced in Parliament
  • 2017/03/30 Committee report tabled for plenary, 1st reading/single reading
    • A8-0132/2017 summary
    • AFET KUKAN Eduard EPP
    • BUDG BUDG/8/07915 GARDIAZABAL RUBIAL Eider S&D
    • DEVE DEVA Nirj ECR
    • INTA QUISTHOUDT-ROWOHL Godelieve EPP
    • LIBE
  • 2017/03/27 Committee decision to open interinstitutional negotiations with report adopted in committee
  • 2017/03/27 Vote in committee, 1st reading/single reading
  • 2016/10/06 Committee referral announced in Parliament, 1st reading/single reading
  • 2016/09/14 Legislative proposal published
    • COM(2016)0582 summary
    • DG {u'url': u'http://ec.europa.eu/info/departments/economic-and-financial-affairs_en', u'title': u'Economic and Financial Affairs'}, MOSCOVICI Pierre

Documents

Votes

A8-0132/2017 - Eider Gardiazabal Rubial - Am 7

2018/02/08
Position Total ALDE ECR EFDD ENF GUE/NGL NI PPE S&D Verts/ALE correctional
For 506 62 59 16 1 1 0 167 157 43 0
Against 83 0 0 21 12 37 12 1 0 0 0
Abstain 36 0 5 0 17 4 0 10 0 0 0
AmendmentsDossier
44 2016/0274(COD) Guarantee Fund for external actions: asset management
2017/01/23 AFET 3 amendments...
source: PE-595.733
2017/02/07 INTA 3 amendments...
source: PE-599.646
2017/02/08 BUDG, BUDG 1 amendments...
source: PE-599.626
2017/02/10 DEVE 3 amendments...
source: PE-599.689
2017/02/20 AFET 4 amendments...
source: PE-599.636
2017/03/03 DEVE 23 amendments...
source: PE-601.034
2017/03/22 AFET 5 amendments...
source: PE-595.733
2017/03/24 DEVE 2 amendments...
source: PE-599.689

History

(these mark the time of scraping, not the official date of the change)

2018-02-16
activities/8/docs/0/text added
  • The European Parliament adopted by 506 votes to 83, with 36 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC, Euratom) No 480/2009 establishing a Guarantee Fund for external actions.

    The European Parliament’s position adopted at first reading following the ordinary legislative procedure should amend the Commission proposal as follows:

    Financial management of the Guarantee Fund: according to the amended text, the Commission shall entrust the financial management of the Fund to the European Investment Bank (EIB). By 30 June 2019, the Commission shall submit an independent external evaluation of the advantages and disadvantages of entrusting the financial management of the assets of the Fund and of the European Fund for Sustainable Development to the Commission, the EIB, or a combination of the two. The evaluation shall, where appropriate, be accompanied with a legislative proposal.

    Annual report: this shall contain a presentation of the financial position and information on the functioning of the Fund at the end of the previous calendar year, the financial flows as well as the significant transactions and any relevant information on the financial accounts, such as detailed information on the outstanding capital of guaranteed loans or the Fund's assets during the previous calendar year, as well as conclusions and lessons learned.

    As of 2019 and every third year thereafter, it shall also include an assessment on the adequacy of the 9 % target and the 10% threshold for the Fund.

    The text stressed that where the amount of the Fund exceeds 10 % of the Union's total outstanding capital liabilities, the surplus should be paid back into the general budget of the Union in order to better protect the general budget of the Union against potential additional risk of default of the EIB financing operations addressing the long-term economic resilience of refugees, migrants, host and transit communities, and communities of origin as a strategic response to addressing root causes of migration.

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