DPR to Set Fast Track for Financial Sector Omnibus Law

The House of Representatives (DPR) approved the Bill on the Development and Strengthening of the Financial Sector (Bill PPSK) as a legislative initiative in a plenary meeting on Tuesday. The PPSK Bill uses the Omnibus Law concept by integrating 16 laws in the financial sector. Deputy Speaker of the House Loedwijk F. Paulus said, from nine factions in the House, only the Prosperous Justice Party (PKS) faction agreed with a note.

Deputy Chairman of the House Finance Commission Dolfie of Palit said that the PPSK Bill would encourage inclusive and sustainable economic growth. The PPSK Bill focuses on efforts to improve deepening, efficiency, inclusion, and increase market confidence in the financial sector," says Dolfie, a politician from the Indonesian Democratic Party of Struggle (PDI-P). Dolfie said the PPSK Bill was prepared to obtain more efficient financial sector regulations.