Knesset Approves "Reasonableness" Bill In Second & Third Reading

The Knesset approved the "reasonableness" bill in second and third readings after rejecting all 140 opposition reservations.

• The bill was passed by 64 votes to zero after opposition MKs left the chamber in protest against the judicial overhaul.
• Defence Minister Yoav Gallant, who was pushing for a last-minute compromise, toed the coalition's line and voted in favour of the bill.
• The legislation becomes law despite widespread protests and intense last-minute attempts to broker a compromise.
• The bill strips courts off the right to scrutinise the "reasonableness" of government decisions, including appointments of officials.
• USD/ILS spikes higher in reaction to these headlines, rallying as high as to 3.6421 before ticking away from there.