“It is possible for us to work with this”
Economic Liberalization Act of 2024
Rationale
These reforms modernize outdated rules to boost competitiveness, reduce bureaucracy, and protect public welfare through clearer, faster, and more transparent economic processes.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Agricultural Market Regime |
Mixed regime: tariffs on some staples, intervention only in a crisis
|
Open agricultural trade; intervention only in emergencies
|
|
| 2 | Bankruptcy & Insolvency |
Court-supervised repayment plans, discharge after several years
|
Fresh start: discharge after one year for individuals and small firms
|
|
| 3 | Foreign Investment & Takeovers |
Screening of sensitive sectors on national-security grounds
|
No restrictions on foreign investment or takeovers
|
1
Agricultural Market Regime2
Bankruptcy & Insolvency3
Foreign Investment & TakeoversProposer
Party
Technocratic Union
Following a split from the Socialist Planning Association, The Technocratic Union (TU) builds prosperity not through ideology but through expertise, where data and analysis forge decision making towards tomorrow's nation.
Core pillars
Patrick Chambers
Secretary of Infrastructure/Agriculture · Age 58
Once a beloved sports commentator, Patrick Chambers traded the spotlight for the hustings, wielding his rock-star fame to rally crowds while his instincts for power keeps the party’s base energized and united.
Timeline
-
Draft9 October 2024
-
Vote Open9 October 2024
-
Vote Closed8 December 2024
-
Became Law8 December 2024
Vote tally
Live tally across each chamber. Weighted by seats held.
House Of Commons
PassedFor: 168 / 240 seats (70.0%)
Against: 0 · Abstained: 0 · Not voted: 72
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Labour | 110 | Yes | It is possible for us to work with this |
| Technocratic Union Proposer | 58 | Yes | No reason given |
House Of Representatives
PassedFor: 22 / 48 seats (45.8%)
Against: 0 · Abstained: 0 · Not voted: 26
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Labour | 5 | Yes | It is possible for us to work with this |
| Technocratic Union Proposer | 17 | Yes | No reason given |
| Empty seats | 16 | Not voted |
Prime Minister
PassedFor: 0 / 1 seats (0.0%)
Against: 0 · Abstained: 0 · Not voted: 1
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Caroline Cunningham | 1 | Not voted |