Where the law stands, Dossier 2024/0803(CNS)
Amendment of the EIB's Statute
Consultation procedure (CNS): Parliament gives an opinion; the Council decides. · Parliament gives its opinion on a proposal. The Council decides, but must wait for Parliament’s opinion. · First reading
Parliament is consulted: it gives an opinion and can propose amendments, but the Council takes the decision and need not follow them.
Where it stands
Adopted by the Council
Completed: published in the Official Journal on 14 March 2025 and now EU law.
- Referred to committee(done) 10 October 2024
- Committee work(done) Report adopted 6 November 2024
- Tabled for plenary(done) 7 November 2024
- Plenary vote(done) Adopted 14 November 2024
- Adopted by the Council(done) 14 March 2025
Decided in plenary
14 November 2024 · decision 4
EU institutions & Parliament, New EU law
Amendment of the EIB’s Statute
Passed 510 for · 105 against · 27 abstained by a large majority
AI summary:The European Parliament approved the proposal to amend the Statute of the European Investment Bank (EIB), which aims to remove the statutory lending limit and replace the maximum 250% gearing ratio with a unanimous decision by the Board of Governors.
What changed
Latest Tabled for plenary → Adopted by Parliament
No change of substance: the two versions differ only in presentation — cover page, numbering or the parts a report carries that the adopted text does not.
Committee draft → Tabled for plenary
No change of substance: the two versions differ only in presentation — cover page, numbering or the parts a report carries that the adopted text does not.
Who works on it
- Lead committee
- Budgets
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Joachim Streit (Renew)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Karlo Ressler (EPP), Carla Tavares (S&D), Johan van Overtveldt (ECR), Damian Boeselager (Greens), Younous Omarjee (The Left), Alexander Jungbluth (ESN)
- Committees giving an opinion
- Economic and Monetary Affairs
The text, version by version
Newest first.
Adopted by Parliament· 14 Nov 2024
AI summary:Parliament approved the draft Council decision amending the European Investment Bank's Statute, and asks the Council to notify or consult it again if the Council departs from or substantially amends the approved text.
Tabled for plenary· 7 Nov 2024
AI summary:Parliament approves the draft Council decision amending the EIB Statute, which replaces the statutory lending limit with a unanimous Board of Governors decision.
Committee draft· 18 Oct 2024
AI summary:The draft report approves the Council decision amending the EIB Statute, which replaces the 250% gearing ratio with a unanimous Board of Governors decision.
Timeline
Newest first.
Outcome 1 step
14 March 2025
Published in the Official Journal
The act is now EU law.
Plenary stage 2 steps
14 November 2024
Plenary vote
Sitting of 14 Nov 2024 Adopted text TA10-0034/2024Report A10-0013/2024
7 November 2024
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 3 steps
6 November 2024
Committee vote: report adopted
BUDG (Budgets) voted on the amendments and adopted the report that goes to plenary.
18 October 2024
Draft report published
The rapporteur’s first text in BUDG (Budgets). Members can table amendments before the committee votes.
10 October 2024
Referred to the BUDG (Budgets) committee
The lead committee prepares the report; ECON (Economic and Monetary Affairs) gives an opinion.
Official record: Legislative Observatory, 2024/0803(CNS)