Ríkisstofnun

Ríkisstofnun, also known as the Icelandic Parliament, is the unicameral legislature of Iceland. It is composed of 63 members, known as Alþingismenn, who are elected by universal suffrage for a four-year term. The Parliament is responsible for making laws, approving the national budget, and overseeing the government. It meets in the Alþingishúsið, located in Reykjavík, the capital of Iceland.

The Icelandic Parliament was established in 1844, following the adoption of the Icelandic Constitution. It is one of the oldest parliaments in the world, and its history is marked by periods of significant political and social change. The Parliament has played a crucial role in Iceland's transition from a monarchy to a republic, and it continues to be a vital institution in the country's democratic system.

The Parliament operates under a parliamentary system, where the Prime Minister and the Cabinet are responsible to the Parliament. The Speaker of the Parliament, who is elected by the members, presides over the sessions and ensures the smooth functioning of the legislative process. The Parliament's work is guided by the Constitution and various laws, which outline the powers and responsibilities of its members.

In recent years, the Icelandic Parliament has faced challenges such as economic crises and political instability. However, it has also demonstrated resilience and adaptability, continuing to fulfill its role as a representative body of the Icelandic people. The Parliament's work is characterized by a commitment to democratic principles, transparency, and the public interest.