European Union (Approval of Treaty Amendment Decision) Act 2012
- Type of Bill:
- Government Bill
- Sponsors:
- Lord Howell of Guildford
Foreign & Commonwealth Office - Mr William Hague
Foreign & Commonwealth Office
Progress of the Bill
Bill started in the House of Lords
- House of Lords
-
- House of Commons
-
-
- Royal Assent
Last event
-
Royal Assent 31 October, 2012
|
31.10.2012
Act of Parliament
| House | Act | Date |
|---|---|---|
|
Bill 57 2012-13 (as introduced) | PDF version, 78KB | 05.07.2012 |
Latest news on the European Union (Approval of Treaty Amendment Decision) Act 2012
Following agreement by both Houses on the text of the Bill it received Royal Assent on 31 October.
The Bill is now an Act of Parliament (law).
Summary of the European Union (Approval of Treaty Amendment Decision) Act 2012
The Bill enables the UK to ratify an amendment to Article 136 of the Treaty on the Functioning of the European Union.
The amendment will give legal basis to the creation of a permanent European Stability Mechanism (ESM), which will provide financial assistance to eurozone States, up to a limit of €500bn, in order to safeguard the economic stability of the eurozone.
The ESM is established in a separate treaty between the 17 Member States in the eurozone.
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