Legislative Bill · Belvaria
Failed

Financial And Economic Reform Act of 2021

Proposed by Together We Can · fronted by Lukas Wolf
Failing
blocked by Federal Chancellor, President
Opened
5 Dec 2021
Voting closes
3 Feb 2022
Chambers
2 legislatures
Articles
3 changes

Rationale

These reforms strengthen stability, fairness, and sovereignty by preventing systemic risks, protecting consumers, and safeguarding housing for citizens.

Proposed Changes

1

Competition & Monopolies
Previous law
Active competition enforcement
Active competition enforcement

2

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

3

Foreign Land Ownership
Previous law
Foreign purchases require government approval
Foreign ownership limited to commercial property only; residential banned

Timeline

  • Draft
    5 December 2021


  • Vote Open
    5 December 2021


  • Vote Closed
    3 February 2022


  • Did Not Become Law
    3 February 2022

Vote tally

Live tally across each chamber. Weighted by seats held.

Federal Council

Failed
18Yes 45No 7Not voted 70 seats

For: 18 / 70 seats (25.7%)

Against: 45 · Abstained: 0 · Not voted: 7

50.1% of those voting must vote in favour (actual = 28.6%)
Party Seats Vote
Amish League 33 No
Liberty For Belvaria! 12 No
Together We Can Proposer 13 Yes
United Left Of Belvaria 5 Yes

National Parliament

Failed
141Yes 290No 69Not voted 500 seats

For: 141 / 500 seats (28.2%)

Against: 290 · Abstained: 0 · Not voted: 69

50.1% of those voting must vote in favour (actual = 32.7%)
Party Seats Vote
Amish League 184 No
Liberty For Belvaria! 106 No
Together We Can Proposer 111 Yes
United Left Of Belvaria 30 Yes
Empty seats 73 Not voted

Federal Chancellor

Failed
0Yes 1No 0Not voted 1 seat

For: 0 / 1 seats (0.0%)

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

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Liberty For Belvaria! 1 No

President

Failed
0Yes 1No 0Not voted 1 seat

For: 0 / 1 seats (0.0%)

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

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Amish League 1 No

Voting record

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

Amish League
Voted Dec. 8, 2021
No

“We are supportive of Article 2, but we do not support the rest of the bill. Thus, given widespread public disapproval of the bill, we must vote against.”

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