Head of the Economic Parliamentary Committee, MP Farid al-Boustani, addressed a letter to Prime Minister Nawaf Salam and the Ministers of Finance, Yassin Jaber, and Economy, Amer al-Bsat, announcing his opposition to the proposed "Financial Regulation and Deposit Recovery" bill.
Boustani said he would work "to prevent its passage and to amend it until it becomes fair and equitable for all depositors," noting that "trust in the banking sector and in the state will only be restored by returning all cash deposits, even if it takes six years."
The PM explained that the project law he submitted in February 2025, under the headline of protecting foreign currency deposits, restoring financial and banking order, and recovering deposits, is realistic and can be implemented, as it restores all deposits and preserves the banking sector, which is the cornerstone of the economy. "Unfortunately, it was not discussed in the government for suspicious reasons that I am still unaware of," he said.
Boustany considered that the law being drafted by the government is unjust to depositors, to the economy, and to Lebanon itself, because it neither restores confidence nor jumpstarts the economy. "This law will not pass. We will resist and fight it, and today we announce the opening of the honor roll of the MPs who will oppose it," he added.
The MP urged the Prime Minister to review the current bill with the scales of a just judge, while sounding the alarm and calling for resistance against this "unjust law".
Boustani said he would work "to prevent its passage and to amend it until it becomes fair and equitable for all depositors," noting that "trust in the banking sector and in the state will only be restored by returning all cash deposits, even if it takes six years."
The PM explained that the project law he submitted in February 2025, under the headline of protecting foreign currency deposits, restoring financial and banking order, and recovering deposits, is realistic and can be implemented, as it restores all deposits and preserves the banking sector, which is the cornerstone of the economy. "Unfortunately, it was not discussed in the government for suspicious reasons that I am still unaware of," he said.
Boustany considered that the law being drafted by the government is unjust to depositors, to the economy, and to Lebanon itself, because it neither restores confidence nor jumpstarts the economy. "This law will not pass. We will resist and fight it, and today we announce the opening of the honor roll of the MPs who will oppose it," he added.
The MP urged the Prime Minister to review the current bill with the scales of a just judge, while sounding the alarm and calling for resistance against this "unjust law".
