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EU Parl Watch

Where the law stands, Dossier 2025/0040(COD)

Increasing the efficiency of the EU guarantee under the InvestEU Regulation and simplifying reporting requirements

Amending Regulations (EU) 2015/1017, (EU) 2021/523, (EU) 2021/695 and (EU) 2021/1153 as regards increasing the efficiency of the EU guarantee under Regulation (EU) 2021/523 and simplifying reporting requirements

· First reading

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

Published as law

Completed: published in the Official Journal on 23 December 2025 and now EU law.

  1. Referred to committee(done) 3 April 2025
  2. Committee work(done) Report adopted 24 June 2025
  3. Tabled for plenary(done) 26 June 2025
  4. Negotiations with the Council(done) Deal approved in committee 5 November 2025
  5. Plenary vote(done) Adopted 26 November 2025
  6. Published as law(done) 23 December 2025

Decided in plenary

26 November 2025 · decision 2

Economy & single market, New EU law

Increasing the efficiency of the EU guarantee under the InvestEU Regulation and simplifying reporting requirements

Passed 519 for · 65 against · 73 abstained by a large majority

AI summary:The changes aim to improve access to finance for small and medium-sized enterprises, reduce administrative burdens, and support EU priorities like innovation, green and digital transitions, and defence.

Who works on it

Lead committee
Budgets
Aura Salla (EPP), Irene Tinagli (S&D)
Nils Ušakovs (S&D), Angéline Furet (Patriots), Ruggero Razza (ECR), Stine Bosse (Renew), Rasmus Nordqvist (Greens), Markus Ferber (EPP), Enikő Győri (Patriots), Denis Nesci (ECR), Gerben-Jan Gerbrandy (Renew), Damian Boeselager (Greens)
Committees giving an opinion

The text, version by version

Newest first.

  1. Adopted by Parliament· 26 Nov 2025

    Adopted text TA10-0296/2025

    AI summary:Parliament's amended version of the proposed regulation increases the efficiency of the EU guarantee under the InvestEU Regulation and simplifies reporting requirements.

    What changed since Report A10-0117/2025 →

  2. Tabled for plenary· 26 Jun 2025

    Report A10-0117/2025

    AI summary:Parliament's amended version of the proposed regulation amends the InvestEU Regulation and related acts to increase the EU guarantee, add an InvestEU financial instrument, and simplify reporting.

Committee opinions: Opinion (TRAN), Opinion (ITRE), Draft opinion (TRAN)

Timeline

Newest first.

Outcome 2 steps

  1. 23 December 2025

    Published in the Official Journal

    The act is now EU law.

  2. 16 December 2025

    Signed by the Presidents of Parliament and the Council

    The last step before the act is published in the Official Journal.

Plenary stage 3 steps

  1. 26 November 2025

    Plenary vote

    Sitting of 26 Nov 2025 Adopted text TA10-0296/2025Report A10-0117/2025

  2. 25 November 2025

    Debated in plenary

    MEPs debated the text in the chamber ahead of the vote.

    Sitting of 25 Nov 2025 Council / Commission text C10-0036/2025Report A10-0117/2025

  3. 19 November – 21 November 2025

    9 amendments tabled for the plenary vote

    Groups propose changes to the tabled text; each is voted on before the final vote.

    Amendment 1Amendment 2Amendments 3–8Amendment 8

Negotiations with the Council 4 steps

  1. 5 November 2025

    Committee approved the deal reached with the Council

    The provisional agreement from the trilogues goes to the whole Parliament for a vote.

    CJ16-AG-778281

  2. 23 September 2025

    Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  3. 2 September 2025

    Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  4. 9 July 2025

    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 1 step

  1. 26 June 2025

    Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

    Report A10-0117/2025

Committee stage 7 steps

  1. 24 June 2025

    Committee vote: report adopted

    BUDG (Budgets) voted on the amendments and adopted the report that goes to plenary.

  2. 3 June 2025

    TRAN (Transport and Tourism) adopted its opinion

    The opinion is attached to the report for the lead committee to consider.

    Opinion (TRAN)

  3. 3 June 2025

    ITRE (Industry, Research and Energy) adopted its opinion

    The opinion is attached to the report for the lead committee to consider.

    Opinion (ITRE)

  4. 8 May 2025

    Amendments tabled in committee

    Members of the committee proposed changes to the draft.

    CJ16-AM-773205

  5. 25 April 2025

    Draft report published

    The rapporteur’s first text. Members can table amendments before the committee votes.

    CJ16-PR-773087

  6. 22 April 2025

    Draft opinion from TRAN (Transport and Tourism)

    An associated committee gives its view to the lead committee.

    Draft opinion (TRAN)

  7. 3 April 2025

    Referred to the BUDG (Budgets) committee

    The lead committee prepares the report; TRAN (Transport and Tourism), ENVI (Environment, Climate and Food Safety), ITRE (Industry, Research and Energy) give an opinion.

Official record: Legislative Observatory, 2025/0040(COD)