Parliament resumes sitting on Tuesday and the business community will be looking forward to the passage of two crucial financial sector bills.

They are the Credit Reporting and the Foreign Exchange bills which were laid before the house in July by the Finance Minister.

The Credit Reporting Bill is to provide a legal framework for the licensing, operation and supervision of credit reference bureaus. It also has the controversial clause which empowers financial institutions to seize assets of the borrower used in securing the loan without going to court.

The Foreign Exchange Bill on the other hand is to provide a new framework for the management of foreign exchange transactions in the country.

The house will also consider the lotto bill which has generated so much controversy between the Department of National Lotteries and private lotto operators.