Legislative Bill · Avalon
Failed

Financial Regulation Reform Bill of 2020

Proposed by Centrist Zone · fronted by Penelope Brown
Failing
in the Parliament
Opened
25 Jun 2020
Voting closes
24 Aug 2020
Chambers
1 legislature
Articles
1 change

Rationale

To reduce regulatory burdens, boost innovation, and lower costs for businesses and consumers while maintaining stability.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Strong prudential oversight
Light-touch regulation

Timeline

  • Draft
    25 June 2020


  • Vote Open
    25 June 2020


  • Vote Closed
    24 August 2020


  • Did Not Become Law
    24 August 2020

Vote tally

Live tally across each chamber. Weighted by seats held.

Parliament

Failed
32Yes 58No 10Not voted 100 seats

For: 32 / 100 seats (32.0%)

Against: 58 · Abstained: 0 · Not voted: 10

50.1% of those voting must vote in favour (actual = 35.6%)
Party Seats Vote
Centrist Zone Proposer 29 Yes
Democratic Group 20 No
Goats 0 Yes
Independent Freeholder League 0 Abstain
Kerstinbpartiet 0 Yes
Left Alliance 27 No
Religious People Alliance 3 Yes
Right Liberal Front 0 Yes
The Gaia Syndicate 11 No

Voting record

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

Goats
Voted Aug. 15, 2020
Yes

“Need the economy to thrive via less regulation. Growth and prosperity before all.”

Right Liberal Front
Voted July 21, 2020
Yes

“Its a great way to deregulate the economy in the Interests of people.”

Left Alliance
Voted June 25, 2020
No

“This law has been recently changed and LA is not supporting further deregulation”

No

“The DG said on the last piece of related legislation that we would not vote for anything more than strong prudential oversight, and our position has not changed.”

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