Where the law stands, Dossier 2024/2116(INI)
Facilitating the financing of investments and reforms to boost European competitiveness and creating a Capital Markets Union (Draghi Report)
Own-initiative report (INI): Parliament’s own position on a topic. It is not binding. · First reading
Parliament sets out its own position on a topic. The resolution is not binding but signals what Parliament wants.
Where it stands
Parliament’s position
Parliament adopted the text on 10 September 2025. This is its final position on the matter.
- Referred to committee(done) 23 January 2025
- Committee work(done) Report adopted 24 June 2025
- Tabled for plenary(done) 1 July 2025
- Plenary vote(done) Adopted 10 September 2025
- Parliament’s position(done) Final
Decided in plenary
10 September 2025 · decision 11
Economy & single market, Resolution
Investments and reforms for European competitiveness and the creation of a Capital Markets Union
Adopted 407 for · 161 against · 97 abstained by a clear majority
AI summary:The text calls for accelerating the Capital Markets Union agenda, improving access to venture capital and equity financing, and harmonising regulatory frameworks to facilitate cross-border investment.
What changed
Latest Tabled for plenary → Adopted by Parliament
AI summary:Substantive changes: securitisation paragraph now references the Commission's review and removes rejection of weakening macroprudential rules. Defence paragraph 81 now includes the Defence Equity Facility text, and a new paragraph 82 is added with that content. Other changes are formal: decimal commas replaced with decimal points throughout.
Committee draft → Tabled for plenary
AI summary:The report expands significantly, adding detailed analysis on competitiveness, investment gaps, and financial literacy, and introduces new calls on capital markets integration, public investment, and defence financing. It updates figures and adds new data on savings, market fragmentation, and trade wars, reflecting a broader scope. The report now includes specific proposals on supervisory convergence, clearing activities, and financial education. It also addresses public investment sustainability, safe assets, and defence financing instruments. The other changes are formal and wording updates, including rephrasing and reordering of paragraphs.
Who works on it
- Lead committee
- Economic and Monetary Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Aurore Lalucq (S&D)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Isabel Benjumea Benjumea (EPP), Enikő Győri (Patriots), Giovanni Crosetto (ECR), Ľudovít Ódor (Renew), Rasmus Andresen (Greens), Jussi Saramo (The Left)
- Committees giving an opinion
- Budgets· rapporteurKarlo Ressler (EPP)
The text, version by version
Newest first.
Adopted by Parliament· 10 Sept 2025
AI summary:Parliament's resolution on financing investments and reforms for European competitiveness and creating a Capital Markets Union responds to the Draghi report, calling for mobilising private and public investment, completing the Banking Union, and boosting financial literacy.
Tabled for plenary· 1 Jul 2025
AI summary:Parliament's resolution on facilitating investment financing and creating a Capital Markets Union responds to the Draghi Report, calling for mobilising private and public capital to close the EU's investment gap and boost competitiveness.
Committee draft· 12 Mar 2025
AI summary:This draft report addresses financing investments and reforms to boost EU competitiveness and create a Capital Markets Union. It calls for mobilising private and public investment, integrating capital markets, and supporting defence and green transitions.
Committee opinions: Draft opinion (BUDG), Opinion (BUDG)
Timeline
Newest first.
Plenary stage 4 steps
10 September 2025
Plenary vote
Sitting of 10 Sept 2025 Report A10-0124/2025Adopted text TA10-0185/2025
8 September 2025
Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
5 September 2025
1 amendment tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
1 July 2025
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 6 steps
24 June 2025
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
4 June 2025
BUDG (Budgets) adopted its opinion
The opinion is attached to the report for the lead committee to consider.
5 May 2025
Amendments tabled in committee (2 batches)
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
Amendments in committee (ECON)Amendments in committee (ECON)
9 April 2025
Draft opinion from BUDG (Budgets)
An associated committee gives its view to the lead committee.
12 March 2025
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
23 January 2025
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; BUDG (Budgets) gives an opinion.
Official record: Legislative Observatory, 2024/2116(INI)