I welcome the Minister of State to the House. If it were ever timely to bring in an item of legislation, that is certainly the case with regard to this Bill given many people will, clearly, face significant challenges in the near future. Fianna Fáil welcomes the Bill, the main purpose of which is to restrict the total cost of credit on moneylending loans, probably as a result of the report on moneylending policy proposals. The report examined the moneylending industry in Ireland and assessed the potential impacts o…