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Legislative Bill · Javosca
Passed

Financial Deregulation Act of 2022

Proposed by Red Green Labor · fronted by Peter Turner
Passing
in all 2 chambers
Opened
3 Apr 2022
Voting closes
2 Jun 2022
Chambers
2 legislatures
Articles
1 change

Rationale

Deregulation fosters economic growth, attracts investment, and strengthens global competitiveness for greater public prosperity.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Capital controls, separated retail/investment banking
Deregulated financial centre

Proposer

Party

Red Green Labor

Red Green Labor is a democratic eco-socialist movement uniting the people of Javosca. We stand for robust universal welfare, fair wages and worker protections, strict environmental stewardship, and a vibrant multicultural society where every background and working family thrives in dignity.

Core pillars

🔨
🌱
🎭
🛡️
Peter Turner

Peter Turner

Ministry of Social Welfare and Family Affairs · Age 51

22,534 social followers

Once a high-flying investment banker, Peter Turner abandoned finance after witnessing firsthand the human cost of unchecked capitalism, bringing both financial expertise and unwavering loyalty to the movement.

🎓 Academic 🏦 Former Banker 🌟 Idealist 🤝 Loyal 🏠 Reclusive

Timeline

  • Draft
    3 April 2022
  • Vote Open
    3 April 2022
  • Vote Closed
    2 June 2022
  • Became Law
    2 June 2022

Vote tally

Live tally across each chamber. Weighted by seats held.

Congress

Passed
254Yes 0No 289Not voted 543 seats

For: 254 / 543 seats (46.8%)

Against: 0 · Abstained: 0 · Not voted: 289

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Liberal Nationalist Alliance 0 Yes
Peoples Alliance 0 No
Red Green Labor Proposer 254 Yes
Socialist Labour Bloc 0 No

Senate

Passed
28Yes 0No 217Not voted 245 seats

For: 28 / 245 seats (11.4%)

Against: 0 · Abstained: 0 · Not voted: 217

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Liberal Nationalist Alliance 0 Yes
Peoples Alliance 0 No
Red Green Labor Proposer 28 Yes
Socialist Labour Bloc 0 No

Federal-State Governor

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
Red Green Labor Proposer 1 Yes

President

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
Red Green Labor Proposer 1 Yes

Voting record

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

Emblem for a red political party A circular red emblem showing a rising tide of waves beneath a raised fist, topped by a five-pointed star, symbolizing a people's tide rising together.
Peoples Alliance
Voted May 7, 2022
No

“We should vote NO on the Financial Deregulation Act because financial markets should serve ordinary people, not wealthy investors and corporations. Removing regulations would give banks more freedom to take risks with people’s savings while increasing the potential for financial crises and inequality. Instead of allowing the financial sector to operate with fewer protections, we should strengthen oversight, protect workers and savers, and make sure the wealth created by the economy benefits society as a whole. Deregulation may increase profits for the wealthy, but it does not guarantee a fairer or stronger economy for working people.”

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