Where the law stands, Dossier 2025/0131(COD)
Amending Directives 2014/65/EU and (EU) 2022/2557 as regards the extension of certain mitigating measures available for small and medium sized enterprises to small mid-cap enterprises and further simplifying measures
Ordinary legislative procedure (COD): Parliament and the Council decide together as equals. · 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
Plenary vote
Parliament’s committee approved the deal reached with the Council on 2 July 2026; the plenary vote on it is still to come.
- Referred to committee(done) 7 July 2025
- Committee work(done) Report adopted 25 February 2026
- Tabled for plenary(done) 27 February 2026
- Plenary vote Awaiting the vote
- Negotiations with the Council Deal approved in committee 2 July 2026
- Published as law(to come)
No plenary decision on this dossier is in our records yet.
Who works on it
- Lead committee
- Economic and Monetary Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Mariateresa Vivaldini (ECR), Kristian Vigenin (S&D)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Isabel Benjumea Benjumea (EPP), Thomas Bajada (S&D), Mireia Borrás Pabón (Patriots), Ľudovít Ódor (Renew), Jussi Saramo (The Left), Lukas Mandl (EPP), Fabrice Leggeri (Patriots), Sebastian Tynkkynen (ECR), Ana Vasconcelos (Renew), Diana Riba I Giner (Greens), Pernando Barrena Arza (The Left)
- Committees giving an opinion
- Internal Market and Consumer Protection· rapporteurCynthia Ní Mhurchú (Renew)
- Industry, Research and Energy
The text, version by version
Newest first.
Tabled for plenary· 27 Feb 2026
Committee opinions: Opinion (IMCO)
Timeline
Newest first.
Negotiations with the Council 4 steps
2 July 2026
Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
3 June 2026
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
13 April 2026
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
11 March 2026
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
27 February 2026
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 5 steps
25 February 2026
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
27 January 2026
IMCO (Internal Market and Consumer Protection) adopted its opinion
The opinion is attached to the report for the lead committee to consider.
10 December 2025
Amendments tabled in committee
Members of the committee proposed changes to the draft.
14 November 2025
Draft report published
The rapporteur’s first text. Members can table amendments before the committee votes.
7 July 2025
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; IMCO (Internal Market and Consumer Protection), ITRE (Industry, Research and Energy) give an opinion.
Official record: Legislative Observatory, 2025/0131(COD)