Powers
Since the ratification and entry into force of the Lisbon Treaty the adoption of nearly all EU legislation requires the approval of both the European Parliament and the Council of the European Union. Under the co-decision procedure, they each have up to three readings of legislative proposals put forward by the European Commission in which they can each amend the proposal, but must ultimately approve a text in identical terms for it to be passed. This amounts to bicameralism.
MEPs also elect the President of the Commission, on the basis of a proposal by the European Council and, following public hearings of the candidates, approve the appointment of the Commission as a whole. The Parliament may also dismiss the Commission in a vote of no-confidence (for instance, in 1999, the Commission presided by Jacques Santer resigned when faced with the certain adoption of such a vote of no confidence). MEPs may table parliamentary questions for Question time or for a written answer.
International agreements entered into by the European Union (e.g. WTO, trade agreements, etc.) must be approved by the European Parliament, as must the accession of new Member States to the Union.
The EU's annual budget is adopted jointly by Parliament and the Council of the European Union, within overall limit on EU spending decided on by unanimous agreement of all Member States and a multilateral Financial Framework laid down by Council with Parliament's consent.
The Parliament may also block certain Commission decisions where there has been a delegation of powers to the Commission and may repeal such delegation of powers.
The Parliament also elects the European Ombudsman and holds hearings with candidates for the President and Board members of European Central Bank, the Court of Auditors and various EU agencies.
Read more about this topic: Member Of The European Parliament
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