KTFA:

MilitiaMan:  Recovering $1 trillion in stolen money and put back into the coffers will go along way in maintaining the new exchange rate. imo.. Even $150 billion would be nice.. lol ~ MM

Samson:  The President of the Republic presents a bill to recover the stolen money and hold the corrupt accountable

23rd May, 2021

The President of the Republic, Barham Salih, announced, on Sunday, his intention to send a bill to recover the proceeds of corruption through a series of preemptive and deterrent measures, while noting that Iraq has lost a thousand billion dollars since 2003 due to corruption

In a special speech broadcast by state television and followed by Al-Iktissad News, Saleh said, "The draft law on recovering the proceeds of corruption includes pre-emptive and deterrent measures," noting that "the draft law includes subsequent steps to recover the money of corruption

He added that "the law includes support for financial and supervisory institutions and activating their tools," noting that "150 billion dollars were smuggled into the countries of the world through corruption deals

He continued, "Corruption and terrorism are interlinked and perpetuate one another, and because of them, thousands of young people have come out demanding an end to it  LINK

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Samson:  Representative economics: Social security revives the private sector after its clinical death

14:24 - 23/05/2021

The Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, confirmed, on Sunday, that the approval of the workers' social security law contributes to ending dependence on the government sector, indicating that the passage of the law contributes to reviving the private sector after its clinical death.

Jawdat said in a statement to / information / that "the House of Representatives, during next Saturday's session, will start the (second reading) of the draft law on social security and retirement for workers, which is very important.

He added that "all workers in the government sector came to him in order to retire, and in the event that retirement is provided by the private sector, the young man will go to self-employment without pressure on the public sector."

Jawdat indicated that "raising the price of the dollar contributed to the reduction of manpower and recession, and that the approval of the insurance law reduces that pressure and creates an opportunity for labor in the private sector with the government and revives the first."  LINK

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MilitiaMan:  The agenda looks to be stacked for this next Saturday.  All items seemingly to be oriented around topics that have the private sector and the citizens of Iraq in mind which bleeds over to the neighboring countries, as the are major trading partners.

A key point that has my interest is in the above they mention amendments or new laws. Well, if we look at the laws two stand out to be very very very important. The Federal Oil and Gas Law (FOGL) and the Iraqi National Oil Company Law (INOC). Those two are extremely important to the future of the country of Iraq and her citizens.

What has me focused, is they are mentioning new laws or possibly just one. There is a report out by an expert on the FOGL and INOC laws that have serious implications that if not sorted by the HoR and or the CoM in a very diligent and professional manner to protect the country's hydrocarbon wealth in serving Iraq and her citizens could be catastrophic. But, if done properly could have profound impacts to the good of the Country and her people for future generations.

My view from the report is that there is a need to quickly resolve the matter with utmost urgency and necessity to complete the or a "Final Version" of the FOGL.

The final version whether being an amendment to the 2007 FOGL or a "New Law" altogether is to be determined.

Report suggest the 2007 amendment is not likely. But, I suspect that if the report has been reviewed by the HoR and CoM and it is taken seriously, the "New Law" may very well be on the table this weekend.

Both the INOC and FOGL are interrelated. From the looks of it the FOGL has been sorted, as noted in the report and articles in the forum. The INOC is, however, needed to be voted on for the final version of the FOGL to take the rightful position to save the wealth of the country.

The country will need this to usher in the private sector, as well. The private sector is to be the focus going forward not the government enterprises. The streets are demanding it.

 I would not want to be a member of the HoR that doesn't show up to vote for the people. It would not be lost on anyone and could have serious repercussions from not showing up or not voting in favor. Especially as the recent devaluation is hammering home 30-100% increases in pricing for goods and services.  Something the street is very aware of.

So the likely hood of the "New Law" final version being on the table appears to be the course that is being taken. We will have to wait to see what they HoR accomplishes. Regardless the interests of the Iraqi's are at stake. imo ~ MM

https://www.iraq-businessnews.com/wp-content/uploads/2021/03/FOGL-IBN-March-2021-b.pdf

Samson:  Deputy: The upcoming parliamentary sessions will include voting on these laws

23rd May, 2021

Salam al-Shammari, the deputy of the Saireon Alliance, revealed, on Sunday, the laws that will be voted on in the upcoming parliamentary sessions.

Al-Shammari said, in a statement that Mawazine News received a copy of, that "the upcoming sessions of the Council will include voting on important laws in order to leave positive imprints for the work of the current council." He said in a press statement that:

"Many laws have been completed by the relevant committees, whether an amendment or new laws, and they are awaiting the inclusion of the Presidency of Parliament for it in the coming sessions for the vote."

Al-Shammari added, "Among the most important of these laws is the amendment of the provincial councils law, the criminal court law, oil and gas, the Federation Council, in addition to other laws." He pointed out, "The necessity of attending the sessions and achieving the required quorum in order to pass laws and continue the oversight work of Parliament in the service of the public interest."   LINK