Reduction of the Use of Cash Law (Amendment No. 2) (Restriction on Granting Cash Loans by Supervised Financial Entities) Bill
Translated from Hebrew: הצעת חוק לצמצום השימוש במזומן (תיקון מס' 2) (הגבלה על מתן הלוואות במזומן על ידי גופים פיננסיים מפוקחים)
TL;DRCanceling an exception that allows regulated financial bodies to grant cash loans without limit, so that the cash restriction will also apply to them.
Translated from Hebrew
What does the bill do?
The bill amends the Law for Reducing the Use of Cash by repealing a section that grants regulated financial bodies an exception from the restriction on granting cash loans. Under the existing law, cash payments (including loans) above a certain amount are prohibited, but regulated financial bodies were exempt from this restriction for loans. The bill imposes on these bodies the same restriction that applies to every person and business, in order to reduce the amount of cash in the market that may be used for criminal activities.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown