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EU Parl Watch

Adopted text, 15 December 2020

Authorising the Commission to vote in favour of the capital increase of the European Investment Fund ***I

Document TA-9-2020-0346 · P9_TA(2020)0346 · PE661.865

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AI:In short

Parliament adopted its first-reading position on a decision authorising the Commission to vote in favour of an increase in the authorised capital of the European Investment Fund. Parliament and Council reached an agreement, so Parliament's position corresponds to the final act, Decision (EU) 2021/8. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.

Key points

  1. Parliament adopts its position at first reading on the proposal for a decision authorising the Commission to vote in favour of the capital increase of the European Investment Fund.
  2. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.
  3. Parliament's position corresponds to the final legislative act, Decision (EU) 2021/8, as an agreement was reached between Parliament and Council.

Who is affected

  • The Commission, which is authorised to vote in favour of the capital increase of the European Investment Fund.
  • The European Investment Fund, whose authorised capital is to be increased.

Legal basis. Article 294(2) and Article 173(3) of the Treaty on the Functioning of the European Union.

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Full text

Text 16 paragraphs

Committee on Budgets

European Parliament legislative resolution of 15 December 2020 on the proposal for a decision of the European Parliament and of the Council authorising the Commission to vote in favour of the capital increase of the European Investment Fund (COM(2020)0774 – C9-0378/2020 – 2020/0343(COD))

(Ordinary legislative procedure: first reading)

The European Parliament,

–having regard to the Commission proposal to Parliament and the Council (COM(2020)0774),

–having regard to Article 294(2) and Article 173(3) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C9-0378/2020),

–having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

–after consulting the European Economic and Social Committee,

–having regard to Rule 59 of its Rules of Procedure,

–having regard to the report of the Committee on Budgets (A9-0253/2020),

1.Adopts its position at first reading hereinafter set out;

2.Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

3.Instructs its President to forward its position to the Council, the Commission and the national parliaments.

P9_TC1-COD(2020)0343

Position of the European Parliament adopted at first reading on 15 December 2020 with a view to the adoption of Decision (EU) 2021/… of the European Parliament and of the Council authorising the Commission to vote in favour of an increase in the authorised capital of the European Investment Fund

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Decision (EU) 2021/8.)