With the passage of the bill, the NCBC, a statutory body under the Ministry of Social Justice and Empowerment, will get a constitutional status.
The bill was referred to the Rajya Sabha's select committee after the opposition prevailed on the government to do so.
It was passed by the Lok Sabha in April this year, but the opposition blocked its consideration in the upper house.
The member added that the panel, led by BJP MP Bhupender Yadav, will submit its report in the first week of the monsoon session, which will commence on July 17.
The 25-member Rajya Sabha select committee includes senior members like Sharad Yadav, Ram Gopal Yadav, Satish Misra and Praful Patel.
Yadav has in the past also successfully managed all parties into agreeing for many controversial legislations, including the GST bill, the Mines and Minerals bill and the Enemy Property bill.
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