Tok! The House Of Representatives (DPR) Has Ratified The P2SK Bill Into Law, Finance Sector Reform Has BEGUN

Photo: Capture the screen of the DPR RI Youtube

Today's plenary session of the House of Representatives (DPR) has officially ratified the Draft Law on the Development and Strengthening of the Financial Sector (RUU P2SK) to become law.

The Speaker of the House of Representatives, Puan Maharani, at the opening of the trial, said that today's plenary meeting was attended by 92 people, virtually 240 people, with a permit of 55 people, bringing the total to 387 people from all factions in the House of Representatives.

"Thus the forum has been reached," he said at the Senayan Parliament Complex, Jakarta on Thursday, December 15.

On this occasion, Puan then gave the Chairperson of the Working Committee for the P2SK Bill, Dolfie Othniel Frederic Palit, to submit a validation report at level I. According to Dolfie, the P2SK Bill has been approved by all factions in Commission XI of the DPR (the commission in charge of the financial sector).

After receiving the report, the Speaker of the DPR then asked all participants of the plenary session for the final decision.

"We will ask all factions whether the Draft Law on the Development and Strengthening of the Financial Sector can be approved and passed into law?" asked Puan, who immediately answered the meeting participants agreed.

"(Tok!) Thank you," continued the Speaker of the DPR while tapping the hammer as a symbol of validation.

After it was agreed, the government, represented by the Minister of Finance (Menkeu) Sri Mulyani, was given the opportunity to give a view of this stipulation.

"The P2SK Bill aims to reform Indonesia's financial sector for a more prosperous future," said the Minister of Finance.

The state treasurer also said that the latest regulation would make the Indonesian economy more dynamic, especially in balancing the development of community and technological needs.

"There are 17 laws related to the financial sector that are quite old, some even exceed 30 years. Thus this needs to be adjusted to the dynamics of the times," said Minister of Finance Sri Mulyani.

VOI noted that the P2SK Bill consists of 27 chapters and 341 articles containing a number of provisions, ranging from the shift in cooperative supervision to OJK, supervision of financial sector conglomerates, online loans (pinjol), crypto governance, to plans for issuing digital rupiah.