Business, Legal & Accounting Glossary
A statute in draft before it becomes law
In Law, a Bill is a proposed new piece of legislation that will, if it is accepted by Parliament, become a Statute (see: Legislative process). Most Bills are introduced by Government ministers, and these occupy the largest proportion of Parliamentary time. However, sometimes a Private bill or a Private member’s bill can succeed and become law. Government Bills are usually introduced into Parliament in the form that the Government wishes to see enacted; they are therefore carefully drafted, usually after a period of consultation (see: Formulation of bills).
U.S. Treasury Bill
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This glossary post was last updated: 21st November, 2021 | 0 Views.