The ceiling on the Livret A, a widely used savings account in France, may rise from 22,950 euros to 30,000 euros. This proposal is one of several under discussion aimed at speeding up the implementation of the National Climate Adaptation Plan, backed by Minister of Ecological Transition Monique Barbut. The amendment, introduced by LFI deputy Eric Coquerel, was approved by the Finance, General Economy, and Budget Control Committee of the National Assembly on October 9. The goal of the measure is to free up 5 billion euros to fund loans for renovating social housing. The proposal also includes increasing the centralized share held by the Caisse des dépôts et consignations, a state-owned financial institution. The amendment specifies that interest earned on amounts over 22,950 euros deposited in Livret A accounts would be exempt from social contributions until December 31, 2029. However, this exemption would need to be formally approved under the 2027 Social Security Financing Act. The French Banking Federation (FBF), through its president Olivier Gavalda, has criticized the proposal, calling it a poor idea. Gavalda argued that raising the ceiling would immediately increase the amount of money subject to interest that would escape taxation. He also noted that the savings in Livret A are not as widespread as commonly believed, with many of the account holders already at the current limit. Additionally, the FBF warned that the measure might encourage more savings to be locked in short-term, liquid investments rather than long-term ones that businesses need for growth. The amendment has only been approved by the Finance Committee so far. On Tuesday, the 2027 budget proposal will be reviewed in its first reading by the National Assembly. According to Article 42 of the Constitution, the public session will focus on the government's original text, not the version approved by the committee. As a result, the amendments currently adopted do not take immediate effect but indicate potential trends. These amendments are often reintroduced later by members of parliament during the plenary session, where they may be voted on or rejected.