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Bill · started in the Lords

European Union (Approval of Treaty Amendment Decision) Act 2012

A Bill to make provision for the purposes of section 3 of the European Union Act 2011 in relation to the European Council decision of 25 March 2011 amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro.

Now an Act of Parliament

The story so farThe European Union (Approval of Treaty Amendment Decision) Bill was introduced in the House of Lords on 10 May 2012 by Lord Howell of Guildford (Conservative). It completed its passage through Parliament and became law as the European Union (Approval of Treaty Amendment Decision) Act 2012, receiving Royal Assent on 31 October 2012.

What the bill does

<p>The Bill enables the UK to ratify an amendment to Article 136 of the Treaty on the Functioning of the European Union. </p><p>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 &euro;500bn, in order to safeguard the economic stability of the eurozone. </p><p>The ESM is established in a separate treaty between the 17 Member States in the eurozone.</p>

Progress through Parliament

  1. 1st reading Lords 10 May 2012
  2. 2nd reading Lords 23 May 2012
  3. Committee stage Lords 13 Jun 2012
  4. Report stage Lords 27 Jun 2012
  5. 3rd reading Lords 4 Jul 2012
  6. 1st reading Commons 4 Jul 2012
  7. 2nd reading Commons 3 Sep 2012
  8. Programme motion Commons 3 Sep 2012
  9. Committee stage Commons 10 Sep 2012
  10. 3rd reading Commons 10 Sep 2012
  11. Royal Assent Unassigned 31 Oct 2012

Source: the official bill page. Last updated 2 Nov 2012.