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Senate Session 2022/2023 4 speeches

May 17, 2023

Official Hansard Report - Senate

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Session Summary

Simplified for You

The Senate approved significant sports funding with detailed breakdowns for each organization, from $5,000 for rugby to $586,000 for the anti-doping authority. The Minister explained how applications are reviewed and organizations are held accountable for meeting objectives. A bill to make it easier for digital asset businesses to operate in Bermuda was passed, removing some licensing requirements and advertising obligations for share capital reductions. The session also included updates on cultural programs supporting local musicians and performers.

Chamber Senate
Date May 17, 2023
Session 2022/2023
Transcript View PDF
Speakers 2
Speeches 4

Key Topics

Sports funding allocations for 2023/24 - $1.4+ million distributed to 22 sporting organizationsCultural program updates including the "Creatives Live!" music seriesCompanies Act amendments to support digital asset businesses and streamline capital reduction proceduresMotion to dissolve Bermuda Land Development Company and merge it with WEDCO (carried over)

Bills & Motions

Companies Amendment Act 2023 - passed all three readings and became law
Motion to dissolve BLDC and merge with WEDCO - carried over to next meeting

Notable Moments

Senators praised the transparency of releasing detailed sports funding allocations, which isn't normally done publicly
Concerns were raised about Bermuda's reputation in the digital asset space, citing problems with companies like Arbitrade that left local firms unpaid
Discussion about the need for better official training in sports, as some events can't happen without properly certified referees

Debate Transcript

4 speeches from 2 speakers
Sen. Dr. Douglas De Couto Thank you, Madam President. I was glad to hear of some of the details from Senator Hodgson which did explain some of the thinking behind the Act. As you know, Madam President, we of course received these Bills without very much context. If we are lucky enough, we perhaps could …
Sen. Dr. Douglas De Couto I do have a follow -up on that ans wer. I guess my question is, is that amendment connected to the digital asset business stuff or is it something that the Registrar has, for example, had in mind to deal with for a while and would have done anyway? Thank …
Sen. Dr. Douglas De Couto Thank you, Madam President. And of course, I associate myself with all of the remarks regarding Mr. Warren. I could not say anything better than what has been said, so I will move on from that. I did want to congratulate Andira Crichlow. For those of you who watch Netflix, …
Sen. Rev. Dr. Emilygail A. Dill Thank you, Madam President. I would just like to take this opportunity since we last met there have been so many members of our community who have passed, and we would like to of-fer condolences to each family who has lost a loved one. And today in particular I would …
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