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senate vote 2019-04-03#12
Edited by
mackay staff
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2019-04-18 14:45:57
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Title
Bills — Export Finance and Insurance Corporation Amendment (Support for Infrastructure Financing) Bill 2019; Third Reading- Export Finance and Insurance Corporation Amendment (Support for Infrastructure Financing) Bill 2019 - Third Reading - Pass the bill
Description
<p class="speaker">Jane Hume</p><p>The question now is that the remaining stages of this bill be agreed to and the bill now be passed.</p> - The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?id=2019-04-03.217.1) to pass the [bill](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r6263) in the Senate. In parliamentary jargon, they voted to read the bill [for a third time](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html). Since the bill was already passed in the House of Representatives, it will now become law.
- ### What does this bill do?
- The bill was introduced to:
- > *expand the ability of the [Export Finance and Insurance Corporation](https://en.wikipedia.org/wiki/Export_Finance_and_Insurance_Corporation) to finance infrastructure projects by increasing its callable capital and granting it a new overseas infrastructure financing power.*
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