Article 60 of the Statute of the Seimas. Remit of the Committee on Economics
The remit of the Committee on Economics shall be:
1) to prepare and consider drafts of laws and other legislative acts pending the adoption by the Seimas and proposals on the State regulation of Lithuania’s economy in the fields of energy, transport (air, waterway, railway, and road transport), safe traffic and transport infrastructure, logistics, investments, industry, trade, services, business and tourism, on the management, use, disposal and privatisation of the State property, public procurement and free economic zones;
2) to prepare and consider drafts of laws and other legislative acts pending the adoption by the Seimas and proposals on the legal regulation of activities of economic entities (setting up, registration, activities, reorganisation, competition, bankruptcy of enterprises), partnership of State and private capital (concessions), the legal regulation of activities of public institutions;
3) to consider drafts of laws and other legislative acts pending the adoption by the Seimas, where such drafts are referred to the Committee by the Seimas, and to prepare and submit conclusions thereon;
4) to submit conclusions and proposals on the long-term strategy of the development of Lithuania’s economy, formation of the general economic (macroeconomic), economic competitiveness, economic sectors, small and medium-sized enterprises, investment policy;
5) to consider and submit proposals on the issues which are within the remit of the Committee and which are related to a draft law on the approval of financial indices of State and municipal budgets of the Republic of Lithuania presented by the Government and to the State investment programme provided for in the said draft;
6) to consider and submit proposals, with regard to the issues within the remit of the Committee, on state monetary funds the estimates of which are approved by the Seimas and on sets of annual statements;
7) to exercise parliamentary scrutiny of activities of institutions engaged in administration and control of the economy (the Ministry of Transport and Communications, the Ministry of Economy and the agencies of the fields of their administration, the Competition Council, the Privatisation Commission, the National Control Commission for Prices and Energy, the State Nuclear Power Safety Inspectorate, the State Tobacco and Alcohol Control Service under the Government of the Republic of Lithuania, and the Public Procurement Office under the Government of the Republic of Lithuania) and to submit proposals and recommendations concerning the improvement of the activities thereof;
8) to examine the use of the appropriations allocated for the programmes and investment projects implemented by the Ministry of Transport and Communications, the Ministry of Economy and the agencies of the fields of their administration, the Competition Council, the Privatisation Commission, the National Control Commission for Prices and Energy, the State Nuclear Power Safety Inspectorate, the State Tobacco and Alcohol Control Service under the Government of the Republic of Lithuania, and the Public Procurement Office under the Government of the Republic of Lithuania;
9) to coordinate the activities of interested institutions of state administration and other organisations in the course of preparation of drafts of laws and other legal acts pending the adoption by the Seimas on the issues within the remit of the Committee;
10) to cooperate on the issues within the remit of the Committee with economic entities, associations and other institutions representing them and employees.
