The conciliation committee is the ultimate bicameral dispute settlement mechanism of the ordinary legislative procedure of the European Union. Who gets what, and why, in this committee? We argue that its institutional setup is biased in favour of the Council of Ministers. Employing the Wordfish algorithm, we show that the joint text is more similar to the Council common position than to the parliamentary reading in almost 70 percent of the dossiers that reached conciliation up to February 2012. The European Parliament is more successful in the post-Amsterdam period, when the Council decides by qualified majority voting, the rapporteur comes from a large party, the European Commission is supportive, and when national administrations are more involved in the implementation process than the Commission.