Economic Deregulation And Liberalisation Act of 2024 - Costavela

Rationale

These reforms modernise policy to boost economic growth, innovation and global competitiveness while maintaining essential safeguards.

Proposed Changes

	Law	Previous	Proposed
1	Arms Exports	Export only to close allies	Sell arms with minimal restriction
2	Automation & the Workforce	Permit automation with strong retraining/transition rights	Actively incentivise automation
3	Banking & Financial Regulation	Strong prudential oversight	Deregulated financial centre
4	Public Ownership of Key Industries	Private, with strong regulation	Privatise and lightly regulate
5	Foreign Investment & Takeovers	Screening of sensitive sectors on national-security grounds	Large deals must be notified to the government; no veto

1

Arms Exports

Previous law

Export only to close allies

Sell arms with minimal restriction

2

Automation & the Workforce

Previous law

Permit automation with strong retraining/transition rights

Actively incentivise automation

3

Banking & Financial Regulation

Previous law

Strong prudential oversight

Deregulated financial centre

4

Public Ownership of Key Industries

Previous law

Private, with strong regulation

Privatise and lightly regulate

5

Foreign Investment & Takeovers

Previous law

Screening of sensitive sectors on national-security grounds

Large deals must be notified to the government; no veto

Proposer

Party

Alliance

The Alliance champions free enterprise as the engine of progress where liberty fuels ambition and diplomacy paves the road to stability

Core pillars

RM

Ricardo Medina

Prime Minister · Age 30

102,160 social followers

A silver-tongued dealmaker with friends in high places, Ricardo Medina leverages his sharp pragmatism and unyielding principles to broker compromises, though his gift for persuasion sometimes draws suspicion about his true motives.

🎤 Fantastic Speaker 🛡️ Incorruptible ⚖️ Pragmatist 🔗 Well Connected

Timeline

Draft

24 July 2024
Vote Open

24 July 2024
Vote Closed

22 September 2024
Became Law

22 September 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

Senado

Passed

155Yes 57No 54Not voted 266 seats

For: 155 / 266 seats (58.3%)

Against: 57 · Abstained: 0 · Not voted: 54

50.1% of those voting must vote in favour (actual = 73.1%)

Party	Seats	Vote	Reason
Alliance Proposer	97	Yes	No reason given
Costavela Workers' Front	12	No	This bill is a very serious and dangerous threat to the working class of Costavela. Adopting the measures contained within this proposal will increase unemployment and harm the national economy. It will only serve to boost our dependency on foreign economies and increase income inequality. It will make workers poorer, while corporate millionaires get richer and richer.
Revolutionary Socialist Union	45	No	We support Article 4, although we believe it is insufficient; in other matters, we will definitely not allow this government to subject Costavela to foreign interests. Automation will only take away the jobs of millions of hard-working Costavens people who earn a living through hard work
Youth Of Costa	58	Yes	Make Costavela great again !
Empty seats	54	Not voted

Congress of Deputies

Passed

196Yes 74No 80Not voted 350 seats

For: 196 / 350 seats (56.0%)

Against: 74 · Abstained: 0 · Not voted: 80

50.1% of those voting must vote in favour (actual = 72.6%)

Party	Seats	Vote	Reason
Alliance Proposer	108	Yes	No reason given
Costavela Workers' Front	25	No	This bill is a very serious and dangerous threat to the working class of Costavela. Adopting the measures contained within this proposal will increase unemployment and harm the national economy. It will only serve to boost our dependency on foreign economies and increase income inequality. It will make workers poorer, while corporate millionaires get richer and richer.
Revolutionary Socialist Union	49	No	We support Article 4, although we believe it is insufficient; in other matters, we will definitely not allow this government to subject Costavela to foreign interests. Automation will only take away the jobs of millions of hard-working Costavens people who earn a living through hard work
Youth Of Costa	88	Yes	Make Costavela great again !
Empty seats	80	Not voted

Voting record

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

Costavela Workers' Front

Voted July 25, 2024

No

“This bill is a very serious and dangerous threat to the working class of Costavela. Adopting the measures contained within this proposal will increase unemployment and harm the national economy. It will only serve to boost our dependency on foreign economies and increase income inequality. It will make workers poorer, while corporate millionaires get richer and richer.”

Revolutionary Socialist Union

Voted July 24, 2024

No

“We support Article 4, although we believe it is insufficient; in other matters, we will definitely not allow this government to subject Costavela to foreign interests. Automation will only take away the jobs of millions of hard-working Costavens people who earn a living through hard work”

Youth Of Costa

Voted July 24, 2024

Yes

“Make Costavela great again !”