Powers and Functions
The Parliament and Council can be regarded as two chambers in a bicameral legislative branch of the European Union, with law-making power being officially distributed equally between both parliamentary chambers. However there are some differences from national legislatures; for example, neither the Parliament nor the Council have the power of legislative initiative (except for the fact that the Council has the power in some intergovernmental matters). In Community matters, this is a power uniquely reserved for the European Commission (the executive). Therefore, while Parliament can amend and reject legislation, to make a proposal for legislation, it needs the Commission to draft a bill before anything can become law. The value of such a power has been questioned by noting that in the national legislatures of the member states 85% of initiatives introduced without executive support fail to become law. Yet it has been argued by former Parliament president Hans-Gert Pöttering that as the Parliament does have the right to ask the Commission to draft such legislation, and as the Commission is following Parliament's proposals more and more Parliament does have a de facto right of legislative initiative.
The Parliament also has a great deal of indirect influence, through non-binding resolutions and committee hearings, as a "pan-European soapbox" with the ear of thousands of Brussels-based journalists. There is also an indirect effect on foreign policy; the Parliament must approve all development grants, including those overseas. For example, the support for post-war Iraq reconstruction, or incentives for the cessation of Iranian nuclear development, must be supported by the Parliament. Parliamentary support was also required for the transatlantic passenger data-sharing deal with the United States. Finally, Parliament holds a non-binding vote on new EU treaties but cannot veto it. However when Parliament threatened to vote down the Nice Treaty, the Belgian and Italian Parliaments said they would veto the treaty on the European Parliament's behalf.
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