Legislative Bill · Costavela
Passed

Economic Deregulation Acceleration Act of 2020

Proposed by Liberal Union · fronted by Rafael Santos
Passing
in all 2 chambers
Opened
15 Jul 2020
Voting closes
13 Sep 2020
Chambers
2 legislatures
Articles
5 changes

Rationale

To boost economic growth and global competitiveness by reducing regulatory barriers, maximizing natural resources, and accelerating innovation for public prosperity.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Strong prudential oversight
Deregulated financial centre

2

Fossil Fuel Extraction
Previous law
Managed wind-down
Maximise domestic extraction

3

AI Development & Safety
Previous law
Balanced oversight
No restrictions; accelerate AI

4

Public Ownership of Key Industries
Previous law
Private, with strong regulation
Full privatisation, market discipline

5

Automation & the Workforce
Previous law
Permit automation with strong retraining/transition rights
Actively incentivise automation

Timeline

  • Draft
    24 June 2020


  • Vote Open
    15 July 2020


  • Vote Closed
    13 September 2020


  • Became Law
    13 September 2020

Vote tally

Live tally across each chamber. Weighted by seats held.

Senado

Passed
229Yes 37No 0Not voted 266 seats

For: 229 / 266 seats (86.1%)

Against: 37 · Abstained: 0 · Not voted: 0

50.1% of those voting must vote in favour (actual = 86.1%)
Party Seats Vote
Liberal Union Proposer 229 Yes
Revolutionary Socialist Union 37 No
The Social Democrats 0 No
Empty seats 54 Not voted

Congress of Deputies

Passed
259Yes 91No 0Not voted 350 seats

For: 259 / 350 seats (74.0%)

Against: 91 · Abstained: 0 · Not voted: 0

50.1% of those voting must vote in favour (actual = 74.0%)
Party Seats Vote
Liberal Union Proposer 259 Yes
Revolutionary Socialist Union 91 No
The Social Democrats 0 No
Empty seats 80 Not voted

Voting record

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

The Social Democrats
Voted July 19, 2020
No

“This legislation goes against the interest of the working class.”

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