“You're going to decrease regulations on the banks that just crashed the economy...”
Banking Regulation Reform Act of 2021
Rationale
Reducing regulatory burdens will stimulate economic growth and innovation, benefiting businesses and consumers without compromising stability.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Strong prudential oversight
|
Light-touch regulation
|
1
Banking & Financial RegulationProposer
Party
Free People Liberals
We believe in the power of free hands to build a nation of unshackled dreams and unbreakable roads.
Core pillars
Roderick Nicholson
Activist · Age 32
A decorated veteran turned political strategist, Roderick Nicholson leverages his military precision and shadowy connections to dismantle opposition while championing working-class causes behind the scenes.
Timeline
-
Draft8 January 2021
-
Vote Open8 January 2021
-
Vote Closed9 March 2021
-
Became Law9 March 2021
Vote tally
Live tally across each chamber. Weighted by seats held.
House of Representatives
PassedFor: 282 / 435 seats (64.8%)
Against: 47 · Abstained: 0 · Not voted: 106
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Free People Liberals Proposer | 8 | Yes | No reason given |
| Homeland Union | 85 | Yes | I would agree on that, that banks should be able to act more freely |
| Pax Americana | 189 | Yes | well the recession has already happened, might as well |
| Progressive Reform | 34 | No | Some regulations are required |
| Socialist Broadlands Union Technocrats | 13 | No | You're going to decrease regulations on the banks that just crashed the economy... |
Senate
PassedFor: 54 / 100 seats (54.0%)
Against: 10 · Abstained: 0 · Not voted: 36
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Free People Liberals Proposer | 0 | Yes | No reason given |
| Homeland Union | 8 | Yes | I would agree on that, that banks should be able to act more freely |
| Pax Americana | 46 | Yes | well the recession has already happened, might as well |
| Progressive Reform | 6 | No | Some regulations are required |
| Socialist Broadlands Union Technocrats | 4 | No | You're going to decrease regulations on the banks that just crashed the economy... |
| Empty seats | 6 | Not voted |
Presidency
PassedFor: 1 / 1 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Homeland Union | 1 | Yes | No reason given |
Voting record
Every vote must state a public reason. Most recent first.
“Some regulations are required”
“well the recession has already happened, might as well”
“I would agree on that, that banks should be able to act more freely”