Fast-Track Period Squeezed From 330 to 90 Days... Cabinet Approves Revised National Assembly Act

The review period for fast-tracked parliamentary bills has been shortened from 330 days to 90 days.

During a Cabinet meeting presided over by President Lee Jae-myung on the 1st, the government deliberated and voted on the promulgated bill for the revised National Assembly Act.

The new law, which goes into effect immediately upon promulgation, shortens the review deadline for fast-track agenda items from the previous "up to 330 days or more" to "90 days or more."

Previously, when the bill passed the National Assembly plenary session led by the ruling party on the 20th of last month, President Lee expressed his welcome, saying, "I am glad that things will now move a bit more swiftly."

Also approved at the Cabinet meeting that day was the promulgation bill for the Act on Regulation and Punishment of Criminal Proceeds Concealment, which introduces an "independent confiscation system" allowing criminal proceeds to be confiscated even without a court conviction.

Accordingly, starting next year, prosecutors will be able to petition the court for confiscation and collection orders if criminal proceeds are verified, even if prosecution is difficult due to the suspect's death, fleeing abroad, or whereabouts being unknown.

In addition, criminal proceeds will be able to be confiscated even after the statute of limitations has expired for crimes that destroy constitutional order, such as the crime of insurrection.

Promulgation bills were also passed by the Cabinet, including revisions to the National Assembly Act and the Hearing Act to include the head of the Serious Crimes Investigation Agency as a subject of parliamentary confirmation hearings, as well as a special civil retrial bill to provide relief for the rights of victims of emergency decrees ruled unconstitutional and invalid who have not yet received state compensation.

Furthermore, follow-up bills for the September 7 real estate supply measures—such as revisions to the School Sites Act, the Aging Public Buildings Act, the Public Housing Act, and the Real Estate Transaction Reporting Act—along with revision promulgation bills for the May 18 Democratic Meritholders Act, the National Meritholders Act, and the Veterans Compensation Act, were also approved.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.