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(Bloomberg) -- Taiwan lawmakers passed legislation that could curb the authority of newly inaugurated President Lai Ching-te as thousands of protesters gathered outside parliament to oppose the changes.Most Read from BloombergWall Street Moves to Fastest Settlement of Trades in a CenturyIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughTreasury Yields Spike After Pair of Weak US Sales: Markets WrapCaterin...

A bill to amend the Criminal Code to subject those found in contempt of the Legislature to criminal proceedings passed a third reading in the Legislative Yuan at 10:53 p.m. on Tuesday.

The Legislature on Tuesday passed the third reading of amendments to the Law Governing the Legislature's Power, including imposing fines for contempt of the Legislature and a provision whereby the president will be "invited" to give an annual report to the Legislature.

The main opposition Kuomintang (KMT) on Tuesday pledged to strengthen its anti-corruption efforts after lawmakers passed the third reading of amendments to the Law Governing the Legislature's Power.

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A mass protest erupted against a set of controversial bills expanding legislative power over the executive branch. The opposition-led bills, labeled as "democracy killers," faced resistance from the people, triggering sentiments similar to the 2014 Sunflower Movement.

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The Legislative Yuan on Tuesday completed the second reading of amendments to the "Law Governing the Legislative Yuan's Power," regarding how "government personnel" answer lawmakers' questions and how people are nominated into key government positions.

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