On the proposal for a decision of the European Parliament and of the Council authorising the Commission to vote in favour of the capital increase of the European Investment Fund

on the proposal for a decision of the European Parliament and of the Council authorising the Commission to vote in favour of the capital increase of the European Investment

(COM(2020)0774 – C90378/2020– 2020/0343(COD))

(Ordinary legislative procedure: first reading)

The European Parliament,

–having regard to the Commission proposal to Parliament and the Council (COM(2020)0774),

–having regard to Article 294(2) and Article 173(3) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C9-0378/2020),

–having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

–after consulting the European Economic and Social Committee,

–having regard to Rule 59 of its Rules of Procedure,

–having regard to the report of the Committee on Budgets (A9-0253/2020),

1.Adopts its position at first reading, taking over the Commission proposal;

2.Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

3.Instructs its President to forward its position to the Council, the Commission and the national parliaments.