The proposed legislation for Hungary’s National Asset Recovery and Protection Agency will not be submitted next week as previously anticipated. Péter Magyar, a key figure involved, stated the bill will first undergo public consultation to gather societal feedback. Despite the delay in formal submission, there is optimism that the agency will be operational by September. The agency’s purpose is to recover and protect national assets. The decision to prioritize public debate suggests a desire for broader support and transparency surrounding the agency’s establishment. This postponement impacts the timeline for the agency’s creation and potential impact on national asset management. Further details regarding the consultation process are expected to be announced soon.