The Lok Sabha on December 05, 2025, introduced the Foreign Exchange Management (Amendment) Bill, 2025, to further amend the Foreign Exchange Management Act, 1999.
The following has been stated namely: -
• Chapter VIA which states “Oversight and Accountability” has been inserted, it stated the following namely: -
o The Central Government shall, by notification in the Official Gazette, establish an Oversight and Accountability Committee (OAC) consisting of eminent legal experts, retired judges and senior bureaucrats, to oversee the conduct of investigations and actions taken by the Directorate of Enforcement under this Act.
o The Obligation of Directorate of Enforcement to cooperate with OAC.
The safeguards and criteria that prevent misuse of powers has been introduced to ensure that the enforcement agency operates transparently, fairly, and in accordance with principles of justice.
[Bill No. 69 of 2025]
