Effective coordination of economic policies and multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97
A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.
Where it stands: Completed: published in the Official Journal on 30 April 2024 and now EU law.
- ✓ Referred to committee 12 June 2023
- ✓ Committee work Report adopted 11 December 2023
- ✓ Tabled for plenary 15 December 2023
- ✓ Negotiations with the Council Deal approved in committee 4 March 2024
- ✓ Plenary vote Adopted 23 April 2024
- ✓ Published as law 30 April 2024
How a file moves through Parliament
A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.
Who is working on it
- Lead committee
- ECON — Economic and Monetary Affairs
- Rapporteurs
- Markus FERBER PPEMEP #197638 S&D
- Shadow rapporteurs
- MEP #197787 IDJohan VAN OVERTVELDT ECRBilly KELLEHER RenewMEP #96648 Verts/ALEMEP #88715 The Left
The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.
The text, version by version
Committee opinions: Opinion (EMPL),Draft opinion (EMPL)
Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.
Timeline
- Outcome
- 30 April 2024 Published in the Official Journal
The act is now EU law.
- 29 April 2024 Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
- Plenary stage
- 23 April 2024 Plenary voteAdopted Adopted by a clear majorityFor 367 Against 161 Abstained 69
Final vote on the provisional agreement at 14:00 · 61% of votes cast in favour · every MEP’s position →
Show all 2 ballots in voting order
Rejected2. Final vote on the provisional agreement 14:00 A9-0439/2023 – Markus Ferber, Margarida Marques – Provisional agreement – Am 3Adopted - 23 April 2024 Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
- Negotiations with the Council
- 4 March 2024 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 17 January 2024 Plenary endorsed the mandate to negotiate with the Council
Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).
- Plenary stage
- 17 January 2024 Plenary voteAdopted Adopted by a large majorityFor 431 Against 172 Abstained 4
Decision to open negotiations with the Council at 12:18 · 71% of votes cast in favour · every MEP’s position →
- 15 December 2023 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 11 December 2023 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 25 October 2023 EMPL (Employment and Social Affairs) adopted its opinion
The opinion is attached to the report for the lead committee to consider.
- 12 October 2023 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 21 September 2023 Draft opinion from EMPL (Employment and Social Affairs)
An associated committee gives its view to the lead committee.
- 12 June 2023 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares Parliament’s report.