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Thursday, 2 November 2017

House Economic Committee to complete Consumer Protection Act within two weeks

LEGISLATION WATCH- The House Economic Committee signed off yesterday on the proposed text of Article 30 of the Consumer Protection Act following “heated debate,” Al Shorouk reports. The proposal would require vendors to print a receipt for consumers who pay for purchased goods in installments, clearly indicating the price of the goods, the interest rate being imposed, and the value of the down payment. The purpose of the article is to make clear the vendors’ profit margins, according to committee members. The committee should complete its debate and amendments of the Act within two weeks, after which the proposed changes to the Consumer Act will be discussed in the House’s general assembly, committee head Amr Ghallab said, according to Ahram Gate.

The committee will begin discussing the Capital Markets Act once it completes its review of the Consumer Protection Act, according to Ghallab.

Elsewhere in parliament: The House Manpower Committee is “putting the final touches” on the Labor Unions Act, and has begun putting up the legislation for community dialogue, Al Shorouk reports. It remains unclear when the committee expects to complete its review of the legislation.

The House Health Committee is also preparing to discuss draft laws on medical liability and regulating the practice of speech therapy next week, according to Al Mal.

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