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The latest version of the capital control law will no longer appear on the agenda of a parliamentary session today after it was rejected by two parliamentary committees yesterday. Members of the Parliament’s Finance and Budget Committee and Administration and Law Committee determined not to embrace the law, while MPs on all sides of the political spectrum sharply criticized the document. MP Ibrahim Kanaan (FPM/Metn) and MP Georges Adwan (LF/Chouf), the respective chairs of the two committees that met, attributed the rejection to a lack of proper procedures in the transmission of the document to the committees and the content revealing a drastic departure from the version finalized by the joint committee in July 2021. Kanaan took issue with the fact that the special committee, designated in the document and composed of the finance and economy ministers, the central bank governor, and chaired by the prime minister, would monopolize the role of the Parliament and the judiciary, ensuring complete discretion over the financial affairs of the country. Hezbollah MP Ali Fayyad said that without a clause reiterating the depositors’ rights, further discussion of any capital control law is pointless. On Monday afternoon, the Amal Movement issued a press release in which it expressed a similar sentiment