Legislative Bill · Costavela
Passed

Prudential Oversight Strengthening Act of 2024

Proposed by Alliance · fronted by Gabriela Castillo
Passing
in all 2 chambers
Opened
25 Apr 2024
Voting closes
24 Jun 2024
Chambers
2 legislatures
Articles
1 change

Rationale

Strong prudential oversight enhances stability and consumer protection in the financial system, reducing systemic risks for the public.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Capital controls, separated retail/investment banking
Strong prudential oversight

Timeline

  • Draft
    25 April 2024


  • Vote Open
    25 April 2024


  • Vote Closed
    24 June 2024


  • Became Law
    24 June 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

Senado

Passed
141Yes 0No 45Abstained 80Not voted 266 seats

For: 141 / 266 seats (53.0%)

Against: 0 · Abstained: 45 · Not voted: 80

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Alliance Proposer 99 Yes
Costavela Democratic Union 21 Yes
Revolutionary Socialist Union 45 Abstain
Youth Of Costa 21 Yes
Empty seats 54 Not voted

Congress of Deputies

Passed
195Yes 0No 49Abstained 106Not voted 350 seats

For: 195 / 350 seats (55.7%)

Against: 0 · Abstained: 49 · Not voted: 106

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Alliance Proposer 105 Yes
Costavela Democratic Union 37 Yes
Revolutionary Socialist Union 49 Abstain
Youth Of Costa 53 Yes
Empty seats 80 Not voted

Voting record

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

Abstain

“We find the current regulations acceptable and sufficient; we don't want investing to become an endless bureaucratic nightmare. However, we will not take a position for or against further regulation”

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