Shadow international development minister IvanLewis said the minister had failed to give a "cast iron guarantee" the bill would be in the Queen's Speech.
Shadow culture secretary IvanLewis said the government should introduce a wider public interest test and allow regulators to apply a fit and proper persons test.
Shadow international development secretary IvanLewis said it was important to maintain financial help to "middle income" countries like South Africa, which he described as "strategically" very important.
"This Tory-led government are committed to promoting a discredited growth model of trickle-down economics which will do nothing to reduce poverty in the developing world, " said shadow international development secretary IvanLewis.
Shadow culture secretary IvanLewis questioned why Mr Hunt had changed his mind about referring the case to the commission, adding that people would want reassurance that he "has not put the perceived interests of his party and career ahead of the public interest".