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The Council decides; Parliament gives an opinion that the Council must consider but need not follow.
Where it stands: Parliament gave its opinion on 26 November 2025. The Council takes the final decision.
- ✓ Referred to committee 7 July 2025
- ✓ Committee work Report adopted 5 November 2025
- ✓ Tabled for plenary 12 November 2025
- ✓ Plenary vote Adopted 26 November 2025
- 5 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. The Council takes the final decision, and the act is published in the Official Journal.
Who is working on it
- Lead committee
- ECON — Economic and Monetary Affairs
- Rapporteur
- Aurore LALUCQ S&D
- Shadow rapporteurs
- Sirpa PIETIKÄINEN PPEAuke ZIJLSTRA PfERoberts ZĪLE ECRStéphanie YON-COURTIN RenewKira Marie PETER-HANSEN Verts/ALEJussi SARAMO The LeftRada LAYKOVA ESN
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
Open a version to read it in full. “What changed” shows the differences paragraph by paragraph.
Timeline
- Plenary stage
- 26 November 2025 Plenary voteAdopted Adopted by a large majorityFor 521 Against 110 Abstained 35
Final vote at 12:31 · 78% of votes cast in favour · every MEP’s position →
- 21 November 2025 13 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
- 12 November 2025 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 5 November 2025 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 7 October 2025 Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
- 23 September 2025 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 7 July 2025 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares Parliament’s report.