Legislative Bill · Lavaria
Passed

Financial Regulation Reform Act of 2023

Proposed by Center-Left Coalition · fronted by Diana Vaughan
Passing
in all 2 chambers
Opened
23 Jan 2024
Voting closes
23 Mar 2024
Chambers
2 legislatures
Articles
1 change

Rationale

Light-touch regulation reduces compliance costs for banks, boosting lending and economic growth while maintaining stability.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Strong prudential oversight
Light-touch regulation

Timeline

  • Draft
    9 December 2023


  • Vote Open
    23 January 2024


  • Vote Closed
    23 March 2024


  • Became Law
    23 March 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

Proletarian Assembly

Passed
113Yes 0No 378Abstained 29Not voted 520 seats

For: 113 / 520 seats (21.7%)

Against: 0 · Abstained: 378 · Not voted: 29

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Center-Left Coalition Proposer 113 Yes
Freedom Alliance 0 Yes
Parti Communiste Révolutionnaire 82 Abstain
Structural Centrist Academic Conference 296 Abstain

Union Assembly

Passed
16Yes 0No 47Abstained 0Not voted 50 seats

For: 16 / 50 seats (32.0%)

Against: 0 · Abstained: 47 · Not voted: 0

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Center-Left Coalition Proposer 16 Yes
Freedom Alliance 0 Yes
Parti Communiste Révolutionnaire 22 Abstain
Structural Centrist Academic Conference 25 Abstain

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
Center-Left Coalition Proposer 1 Yes

Voting record

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

Freedom Alliance
Voted Jan. 31, 2024
Yes

“Light law that can change a lot in the duration. Congratulations.”

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