| Author (Corporate) | European Commission |
|---|---|
| Series Details | COM (2018) 324 |
| Publication Date | 02/05/2018 |
| Content Type | Policy-making |
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Summary: Legislative proposal published by the European Commission in May 2018 setting up protective measures of the European Union's own budget in case of generalised deficiencies as regards the rule of law in the Member States. Further information: This proposal establishes the rules necessary for the protection of the Union’s budget in case of generalised deficiencies as regards the rule of law in the Member States. It could be integrated into the Financial Regulation, which is based on the same legal basis, at the occasion of its future revision. The procedure would be launched with an investigation by the European Commission and, once it considers that the generalised deficiency as regards the rule of law is established, it submits a proposal for an implenting act on the appropriate measures to the Council of the European Union. The implementing act is adopted, unless the Council decides, by qualified majority, to reject the Commission proposal within one month of its adoption by the Commission. The Council, acting by a qualified majority, may also amend the Commission’s proposal and adopt the amended text as a Council decision. This proposal was adopted by the Commission as part of the discussions for the Multiannual Financial Framework (MFF) 2021-2027. The European Parliament's plenary session discussed its position in January 2019 and referred it back to the relevant committees for further discussion. A negotiating position was eventually adopted by the plenary session on 4 April. The rotating presidency of the Council of the European Union took the strengthening of the rule of law as one of its priorities in the second half of 2019, which included planning for progress on the proposed regulation. |
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| Source Link | https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:324:FIN |
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| Subject Categories | Values and Beliefs |
| Subject Tags | Multiannual Financial Framework [MFF], Rule of Law |
| Keywords | MFF 2021-2027 |
| International Organisations | European Union [EU] |
