Antara, Jakarta – The House of Representatives has removed four major bills from its 2026 priority legislative program, including several high-profile initiatives such as sovereign wealth fund Danantara and its related Patriot Bond framework.

The Legislative Body (Baleg) on Thursday confirmed that the Danantara Bill, the Patriot Bond Bill, the Industry Bill, and the Attorney General's Office Bill have been withdrawn from the 2026 Priority National Legislation Program (Prolegnas) and returned to the medium-term list.

Baleg chairman Bob Hasan said the move follows a year-end performance review and is intended to keep the legislature's workload "realistic and achievable."

"Should there be changes during our evaluation period, it's possible these bills will be adjusted again," he told reporters at the parliamentary complex in Jakarta.

The postponement is notable given that Danantara, Indonesia's long-anticipated state investment superholding, was formally established in February after lawmakers approved amendments to the State-Owned Enterprises Law. The entity oversees $600 billion in state assets by consolidating state-owned companies assets and its dividends.

The Patriot Bond, valued at Rp 50 trillion, is a key financing instrument linked to Danantara. Issued through a private placement at a 2 percent coupon, the bond is designed to support energy-transition projects, including waste-to-energy facilities.

Danantara is currently preparing a proposal to present to Chinese creditors in Beijing as it seeks to restructure Indonesia's hefty debt from the $7.3 billion Jakarta – Bandung high-speed rail project. The issue has fallen under Danantara's mandate because several state firms now grouped under the superholding hold stakes in the railway, which has carried at least 5.1 million passengers this year.

Source: https://jakartaglobe.id/business/parliament-pulls-danantara-patriot-bond-bills-from-priority-lis