It makes no sense to me whatever.
I am an educated man
I found one dictionary definition:
Redact \Re*dact"\ (r?*d?kt"), v. t. [L. redactus, p. p. of redigere; pref. red-, re-, again, back + agere to put in motion, to drive.]
To reduce to form, as literary matter; to digest and put in shape (matter for publication); to edit.
Source: Webster's Revised Unabridged Dictionary (1913)
and it still makes no sense whatever.
Why do MP's like to use words which are unintelligible to the vast majority of the population? Like "refute" which usually means "to disprove" but in a politicians mouth means "deny". Or "resile". What the hell does that mean?