Financial Regulation Standards Act of 2022 - Charlemont

Rationale

Balances financial growth with stronger consumer protections to reduce systemic risks and build public trust.

Proposed Changes

	Law	Previous		Proposed
1	Banking & Financial Regulation	Deregulated financial centre		Light-touch regulation

1

Banking & Financial Regulation

Previous law

Deregulated financial centre

Light-touch regulation

Proposer

Party

ALAYON

ALAYON builds a future where order and opportunity rise together, forging a nation of strength and vision.

Core pillars

LG

Léo Girard

Chancellor of the exchequer · Age 47

481,025 social followers

Léo Girard, a fiery orator with a working-class upbringing, uses his street-smart instincts and idealistic vision to rally crowds and challenge the status quo with passionate, principled speeches.

🎤 Fantastic Speaker 🌟 Idealist 🏙️ Street Smart 🔨 Working Class Background

Timeline

Draft

22 April 2022
Vote Open

22 April 2022
Vote Closed

21 June 2022
Became Law

21 June 2022

Vote tally

Live tally across each chamber. Weighted by seats held.

Senate

Passed

329Yes 0No 19Not voted 348 seats

For: 329 / 348 seats (94.5%)

Against: 0 · Abstained: 0 · Not voted: 19

50.1% of those voting must vote in favour (actual = 100.0%)

Party	Seats	Vote	Reason
ALAYON Proposer	26	Yes	No reason given
Blue Labour	0	Yes	We support the proposal
Green-left Movement	100	Yes	The Green-Left Movement supports this bill because strong financial regulation protects consumers, prevents reckless practices, and reduces the risk of another damaging financial crisis. A stable financial sector should serve the public interest while supporting sustainable economic growth.
National Front	194	Yes	This will reduce systemic risk, build public trust, and stop harm to the automotive industry. This will also help Rural communities by boosting our agricultural and mining sectors while increasing food security and resource access.
Progressive Front	9	Yes	We support this legislation.
Empty seats	14	Not voted

National Assembly

Passed

553Yes 0No 24Not voted 577 seats

For: 553 / 577 seats (95.8%)

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

50.1% of those voting must vote in favour (actual = 100.0%)

Party	Seats	Vote	Reason
ALAYON Proposer	8	Yes	No reason given
Blue Labour	31	Yes	We support the proposal
Green-left Movement	168	Yes	The Green-Left Movement supports this bill because strong financial regulation protects consumers, prevents reckless practices, and reduces the risk of another damaging financial crisis. A stable financial sector should serve the public interest while supporting sustainable economic growth.
National Front	286	Yes	This will reduce systemic risk, build public trust, and stop harm to the automotive industry. This will also help Rural communities by boosting our agricultural and mining sectors while increasing food security and resource access.
Progressive Front	60	Yes	We support this legislation.
Empty seats	17	Not voted

Presidency

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	Reason
National Front	1	Yes	No reason given

Voting record

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

National Front

Voted June 12, 2022

Yes

“This will reduce systemic risk, build public trust, and stop harm to the automotive industry. This will also help Rural communities by boosting our agricultural and mining sectors while increasing food security and resource access.”

Green-left Movement

Voted May 31, 2022

Yes

“The Green-Left Movement supports this bill because strong financial regulation protects consumers, prevents reckless practices, and reduces the risk of another damaging financial crisis. A stable financial sector should serve the public interest while supporting sustainable economic growth.”

Progressive Front

Voted May 28, 2022

Yes

“We support this legislation.”

Blue Labour

Voted April 26, 2022

Yes

“We support the proposal”