Where the law stands, Dossier 2025/0312(COD)
Amending Regulation (EU) No 472/2013 as regards the economic and budgetary surveillance of Member States in the euro area experiencing or threatened with serious difficulties with respect to their financial stability
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 15 July 2026; the plenary vote on it is still to come.
- Referred to committee(done) 23 October 2025
- Committee work(done) Report adopted 14 April 2026
- Tabled for plenary(done) 17 April 2026
- Plenary vote Scheduled 6 October 2026
- Negotiations with the Council Deal approved in committee 15 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.
- Markus Ferber (EPP), Carla Tavares (S&D)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- Enikő Győri (Patriots), Denis Nesci (ECR), Billy Kelleher (Renew), Rasmus Andresen (Greens), Pasquale Tridico (The Left)
- Committees giving an opinion
- Employment and Social Affairs
The text, version by version
Newest first.
Tabled for plenary· 17 Apr 2026
Committee draft· 3 Feb 2026
AI summary:This is the rapporteur's draft report on a proposal to amend Regulation (EU) No 472/2013 on economic and budgetary surveillance of euro area member states in serious financial difficulty.
Timeline
Newest first.
Negotiations with the Council 4 steps
15 July 2026
Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
8 June 2026
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
6 May 2026
Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
29 April 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
17 April 2026
Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
Committee stage 4 steps
14 April 2026
Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
3 March 2026
Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
3 February 2026
Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
23 October 2025
Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares the report; EMPL (Employment and Social Affairs) gives an opinion.
Official record: Legislative Observatory, 2025/0312(COD)