The Minister of Economy, Trade and Business and recently appointed First Deputy Prime Minister, Carlos Cuerpo, currently has three bills stalled in the Congress's Economy Committee, one of which has been stalled for more than two years.
The three texts that the Executive promoted and approved in the Council of Ministers, and that continue without advancing in the Lower House, are the project that modifies the criteria for company size for financial reporting purposes, the initiative that regulates credit administrators and buyers, and the law to create the Independent Administrative Authority for the Defense of the Financial Client.
This latest project has been dragging on since the previous legislature, when the first vice-president and head of Economy was the current president of the European Investment Bank (EIB), Nadia Calviño. Its purpose is to launch a new supervisory body in the financial sector that unifies the criteria when processing claims between users and banking entities.
A frustrated processing in the previous legislature
The norm, which in the past legislature managed to pass through Congress, lapsed with the early election, and Minister Cuerpo recovered it, committing to push it forward. In the current legislature, the Government again approved the text in the Council of Ministers and sent it to Congress, but the meeting of the Economy Committee to analyze the project and initiate its processing remains unheld since December 2024.
The political context, with PP, Vox, and Junts in constant opposition to the Executive, makes it difficult for the text to complete its parliamentary journey. As a consequence, the Financial Client Authority disappeared from the list of legislative reforms that the Government had promised to undertake to access the European funds of the Recovery Plan.
That the law has been left out of the reform package linked to European funds does not mean that the project is discarded, but it does anticipate a complex path due to the tight parliamentary arithmetic. Even so, sources from the Ministry of Economy told Europa Press that this Financial Client Authority "is a priority" and that its approval will be sought in Congress.
Two other economic laws deadlocked
Besides, the Economy Commission has pending to process the bill on credit administrators and buyers, which also emanates from a European Directive and pursues, among other purposes, to impose on lenders the obligation to have a debt renegotiation policy and strengthen the protection of financial consumers. This initiative arrived at Congress more than a year ago, in March 2025, and since then the deadline to register amendments to the text has been successively extended.
Finally, the law that revises company size criteria for financial reporting purposes entered the Lower House in November 2025 and, like the previous bill, continues in the amendment phase, with the period for submitting proposals to the articles still open.