Parliament already passed the bill after months of debate. The impact on Iceland's seafood exports is an issue of concern for firms in Iceland and Europe.
Reverberations are being felt on Humberside, where much of the fish from Iceland enters the United Kingdom.
The United Kingdom and Dutch governments, who stepped in to compensate those who had deposited money in the failed Landsbanki have been pressuring Iceland to come up with a schedule to repay the £3.4 billion (€3.8 billion/$5.4 billion).
The issue has been highly controversial in Iceland and has dominated every aspect of Icelandic politics the last year.
