A plenary meeting of the National Assembly House Steering Committee is under way at the National Assembly in Seoul, Monday. Yonhap

A parliamentary committee on Wednesday approved a bill that would significantly shorten the deliberation period for bills designated for fast-track from a maximum of 330 days to around 90 days.

The parliamentary house steering committee, led by the ruling Democratic Party of Korea, gave its nod to the revision to the National Assembly Act in a plenary session. Lawmakers of the main opposition People Power Party boycotted the vote.

The bill, if passed at the Assembly's plenary meeting, would shorten the review period of fast-track bills to around 90 days, including 60 days in a standing committee and 30 days in the legislation and judiciary committee.

A fast-track bill that clears the legislation and judiciary committee will need to be proposed to the first parliamentary plenary session held after approval by the committee.