Amending Regulations (EU) No 1173/2011 and (EU) No 473/2013 as regards alignment with the EU economic governance framework and further simplification of that framework
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: Parliament approved the text agreed with the Council on 6 October 2026. The Council must now adopt it formally before it is published as law.
- ✓ Referred to committee 23 October 2025
- ✓ Committee work Report adopted 14 April 2026
- ✓ Tabled for plenary 17 April 2026
- ✓ Negotiations with the Council Deal approved in committee 15 July 2026
- ✓ Plenary vote Adopted 6 October 2026
- 6 Published as law
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 PPECarla TAVARES S&D
- Shadow rapporteurs
- Enikő GYŐRI PfEDenis NESCI ECRBilly KELLEHER RenewRasmus ANDRESEN Verts/ALEPasquale TRIDICO The Left
- For opinion
- EMPL — Employment and Social Affairs
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
Latest Tabled for plenary → Adopted by Parliament: The new version removes the interest-bearing deposit for significant deviation and deletes Chapter III and Article 5, and it adds rules on fines not being imposed when the excessive deficit procedure is in abeyance and on fines entering the Union budget as revenue. It adds reporting requirements for Member States subject to an excessive deficit procedure, including follow-up reports on effective action every six months or quarterly, and it removes the Commission recommendation at risk of non-compliance with the correction deadline. It adds that Member States must explain in their medium-term fiscal-structural plans how reforms and investments address country-specific recommendations and common priorities, and it requires draft budgetary plans to explain compliance with the corrective net expenditure path. It sets a deadline of 31 December 2030 for the Commission to publish and transmit reports on the application of both Regulations, and it replaces the requirement for independent bodies with independent fiscal institutions. The other changes are formal: updated citations, headings and cross-references, and wording changes that rephrase provisions without altering their effect. see the changes →
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
- Plenary stage
- 6 October 2026 Plenary voteAdopted Adopted by a large majorityFor 450 Against 135 Abstained 75
Final vote on the provisional agreement at 13:39 · 68% of votes cast in favour · every MEP’s position →
Show all 2 ballots in voting order
1. Proposal to reject the text Proposal for rejectionRejectedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded2. Final vote on the provisional agreement 13:39 A10-0099/2026 – Markus Ferber, Carla Tavares – Provisional agreement – Am 2Adopted - 30 September – 2 October 2026 3 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
- Negotiations with the Council
- 15 July 2026 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 8 June 2026 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 6 May 2026 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 29 April 2026 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 April 2026 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 14 April 2026 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 2 March 2026 Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
- 3 February 2026 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 23 October 2025 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; EMPL (Employment and Social Affairs) gives an opinion.