Dormant Bank and Building Society Accounts Bill [Lords]

– in a Public Bill Committee at on 14 October 2008.

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[Mr. Joe Benton in the Chair]

Photo of Joe Benton Joe Benton Labour, Bootle 10:30, 14 October 2008

Before we begin, I have a few announcements. Members may, if they wish, remove their jackets in Committee. Would all Members please ensure that mobile phones, pagers and so on are turned off or switched to silent running in Committee? I remind the Committee that there is a money resolution in connection with the Bill—copies are available in the room—and that adequate notice should be given of amendments. As a general rule, my fellow Chairman and I do not intend to call starred amendments. We also do not intend to call amendments that are not signed by members of the Committee, because we assume that they would not be moved.

Briefly, I remind the Committee of the procedure at the start of today’s sitting. The Committee will first consider the programme motion on the amendment paper. Debate is limited to half an hour. We will then proceed to a motion to report written evidence, before starting clause-by-clause scrutiny.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary, Department for Business, Enterprise & Regulatory Reform, Economic Secretary, HM Treasury

I beg to move,

That—

(1) the Committee shall (in addition to its first meeting at 10.30 a.m. on Tuesday 14th October) meet—

(a) at 2.30 p.m. on Wednesday 15th October;

(b) at 9.00 a.m. and 1.00 p.m. on Thursday 16th October;

(2) the proceedings shall be taken in the following order: Clauses 1-5; Schedule 1; Clauses 6 to 16; Schedule 2; Clause 17; Schedule 3; Clauses 18 to 33; new Clauses; new Schedules; remaining proceedings on the Bill;

(3) the proceedings shall (so far as not previously concluded) be brought to a conclusion at 4.30 p.m. on Thursday 16th October.

It is a real pleasure to serve under your chairmanship, Mr. Benton, and that of Dr McCrea.

It was evident from the debate on Second Reading that there was widespread support for the principles of the Bill. However, it is right to have detailed scrutiny of a number of issues. I welcome the sittings allocated to the Bill, which should allow sufficient scrutiny to enable the Bill to be improved.

Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury)

It is a pleasure to serve under your chairmanship, Mr. Benton, and that of your co-Chairman, Dr. McCrea.

As the Minister pointed out, there is widespread consensus on the Bill and its provisions. The Bill comes to us having been improved in the other place. From the amendments tabled, the Government clearly do not share that view. We have the time in our deliberations, I hope, to give proper airing to the Government’s arguments for those amendments. We shall have the opportunity to  argue for further refinements to the Bill—to improve it, so that it has the support not just of those who are beneficiaries of the proceeds that will arise from the process, but of consumers and others who are interested in how dormant accounts are identified and reunited with their rightful owners.

Question put and agreed to.

Ordered,

That, subject to the discretion of the Chairman, any written evidence received by the Committee shall be reported to the House for publication.—[Mr. Pearson.]

Photo of Joe Benton Joe Benton Labour, Bootle

Copies of any memorandum that the Committee receives will be made available in the Committee Room.