Legislative Bill · Avalon
Passed

Financial Deregulation And Innovation Act of 2022

Proposed by Centrist Zone · fronted by Charles Robinson
Passing
in the Parliament
Opened
15 Apr 2022
Voting closes
14 Jun 2022
Chambers
1 legislature
Articles
5 changes

Rationale

These changes will drive economic growth by fostering innovation, competitiveness, and efficiency across key sectors for the public benefit.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Strong prudential oversight
Deregulated financial centre

2

Competition & Monopolies
Previous law
Active competition enforcement
Permissive on mergers and scale

3

AI Development & Safety
Previous law
Balanced oversight
No restrictions; accelerate AI

4

Automation & the Workforce
Previous law
Permit automation with strong retraining/transition rights
Actively incentivise automation

5

Arms Exports
Previous law
Licensed exports with end-use checks
Export only to close allies

Timeline

  • Draft
    5 April 2022


  • Vote Open
    15 April 2022


  • Vote Closed
    14 June 2022


  • Became Law
    14 June 2022

Vote tally

Live tally across each chamber. Weighted by seats held.

Parliament

Passed
47Yes 24No 29Not voted 100 seats

For: 47 / 100 seats (47.0%)

Against: 24 · Abstained: 0 · Not voted: 29

50.1% of those voting must vote in favour (actual = 66.2%)
Party Seats Vote
Cashmen 22 Yes
Centrist Zone Proposer 25 Yes
Democratic Group 24 No

Voting record

Every vote must state a public reason. Most recent first.

Democratic Group
Voted April 25, 2022
No

“These laws give power to big business and make it far, far too easy to exploit workers, consumers and every person affected by an economy which will now essentially say "you're on your own". The proposal is unacceptable.”

Cashmen
Voted April 16, 2022
Yes

“We don’t need no bloody reason”

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