Legislative Bill · Azonia
Passed

Financial Regulation Modernization Act of 2024

Proposed by The National Unity Front · fronted by William Sullivan
Passing
in all 2 chambers
Opened
15 Jun 2024
Voting closes
14 Aug 2024
Chambers
2 legislatures
Articles
1 change

Rationale

Light-touch regulation balances financial growth with public protection, reducing systemic risk while supporting innovation and investment.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Deregulated financial centre
Light-touch regulation

Timeline

  • Draft
    15 June 2024


  • Vote Open
    15 June 2024


  • Vote Closed
    14 August 2024


  • Became Law
    14 August 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

Azonian Senate

Passed
87Yes 45No 68Not voted 200 seats

For: 87 / 200 seats (43.5%)

Against: 45 · Abstained: 0 · Not voted: 68

50.1% of those voting must vote in favour (actual = 65.9%)
Party Seats Vote
Centrist Alliance For National Unity 1 No
Liberty League 44 No
The National Unity Front Proposer 87 Yes
Empty seats 8 Not voted

Azonian Parliament

Passed
81Yes 32No 87Not voted 200 seats

For: 81 / 200 seats (40.5%)

Against: 32 · Abstained: 0 · Not voted: 87

50.1% of those voting must vote in favour (actual = 71.7%)
Party Seats Vote
Centrist Alliance For National Unity 0 No
Liberty League 32 No
The National Unity Front Proposer 81 Yes
Empty seats 51 Not voted

Deputy Chancellor

Passed
0Yes 0No 1Not voted 1 seat

For: 0 / 1 seats (0.0%)

Against: 0 · Abstained: 0 · Not voted: 1

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Simon Jennings 1 Not voted

Governor of Azonian City

Passed
1Yes 0No 0Not voted 1 seat

For: 1 / 1 seats (100.0%)

Against: 0 · Abstained: 0 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
William Sullivan Proposer 1 Yes

Head Chancellor

Passed
1Yes 0No 0Not voted 1 seat

For: 1 / 1 seats (100.0%)

Against: 0 · Abstained: 0 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Clarissa Armstrong Proposer 1 Yes

Voting record

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

“Deregulate banks create opportunity in the banking sector. Regulation can come when time is appropriate. We need more business, not more red tape.”

Liberty League
Voted June 24, 2024
No

“As a free market party, we prefer the current laissez faire approach enshrined into Azonian law and believe that light regulation will be a slippery slope into more burdensome regulations.”

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