The Committee includes Public Utilities, the Judiciary, Ways, Means, Finance and Development Planning and Commerce.
The Plenary of the House on Tuesday’s session mandated the Joint Committee to report within two weeks.
The Bill entitled “An Act to Repeal Chapter 5 of the Public Authorities Law creating the Liberia Industrial Free Zone Authority”, is to enact in lieu thereof a New Chapter 5 to be known as the Special Economic Zones Act of 2017.
In the President’s letter to the Speaker of the House J. Emmanuel Nuquay, the President said that the draft law seeks to establish the SEZ framework to promote industrial, commercial, manufacturing, agri-business and other professional activities in Liberia.
“It (the Bill) will also act as a platform to strengthen the competitiveness of the nation’s economy, create new employment opportunities, improve Liberians’ skills, upgrade the country’s infrastructure, and encourage private-sector development, amongst others”, the President wrote.