Ruling and Opposition Parties to Hold Plenary Session on the 12th to Pass Special Act on Investment in the United States... Jin Sungjoon Recommended as Budget Committee Chair

The ruling and opposition parties have agreed to prioritize the passage of the Special Act on Investment in the United States at the upcoming plenary session on March 12. However, they failed to reach an agreement on the Daegu-Gyeongbuk (TK) Special Act. They also decided to recommend Assemblyman Jin Sungjoon of the Democratic Party of Korea as the Chair of the National Assembly Special Committee on Budget and Accounts.

On March 10, Junho Chun, Senior Deputy Floor Leader of the Democratic Party of Korea, and Sangbum Yoo, Senior Deputy Floor Leader of the People Power Party, met at the National Assembly to discuss the agenda for the plenary session. Chun stated, “Through the meeting of the two parties’ senior deputy floor leaders, we have decided to convene a plenary session on March 12. We plan to give priority to the Special Act on Investment in the United States and will also handle more than 60 livelihood bills that have been agreed upon by both parties.” The details of the bills to be processed will be discussed at a later time.

Junho Chun, Senior Deputy Floor Leader of the Democratic Party of Korea (right), and Sangbum Yoo, Senior Deputy Floor Leader of the People Power Party, shake hands during a meeting at the National Assembly Steering Committee Chairman's office on the 4th. Photo by Yonhap News Agency

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They have decided to recommend Assemblyman Jin for the currently vacant position of Chair of the Special Committee on Budget and Accounts.

No agreement was reached on the TK Integration Act. Yoo stated, “The People Power Party strongly requested the passage of the TK Integration Special Act, but the Democratic Party of Korea has not changed its previous position, so it seems unlikely that the bill will be passed.”

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