At a regular meeting of parliament’s budget committee, members of various parties agreed it was "unfeasible" to vote on the bill before the end of the current parliament.

For the governing Socialist Party, João Paulo Correia said that "there is no way to conclude the legislative process of financial supervision" due to the need to hear the various entities involved in the process.

For the main opposition, the Social Democratic Party, António Leitão Amaro said that position was "very sensible" but that his own party’s proposal "was compatible" with "the set of entities and personalities" that should be heard. "Our impression is that this was already unfeasible since the date when the option was for this bill only to be scheduled for June 7th.”

João Almeida, of the People’s Party (CDS-PP), said that he in the debate in committee already "considered the time of debate very short" and said that the government had "taken four years, or three years and a bit" to prepare the bill. "It would be an irresponsibility on the part of parliament towards the entities that contributed [to the bill] to [try to have] a serious debate in a month.”

The government on 7 March approved draft legislation to reform financial supervision in Portugal that would reinforce the relationship between sector supervisors, assigns new functions to the National Council of Financial Supervisors (CNSF) and spins off from the Bank of Portugal the authority responsible for the winding up of banks.

Under the government's proposal, which was delivered to parliament on 20 March, the new system would consist of an Insurance and Pension Funds Supervisory Authority (ASF), the Bank of Portugal itself, the securities markets commission the CMVM, the CNSF – made up of the ASF, the Bank of Portugal and the CMVM - and the Authority for Resolution and Administration of Guarantee Systems (ARSG).