Legislative Bill · Lysenne
Failed

Financial Oversight Strengthening Act of 2024

Proposed by Lysenne Reform League · fronted by Raphaël Petit
Failing
blocked by Presidency
Opened
16 Feb 2024
Voting closes
16 Apr 2024
Chambers
2 legislatures
Articles
1 change

Rationale

Strong prudential oversight protects public savings and prevents financial crises by ensuring banks operate safely and transparently.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Deregulated financial centre
Strong prudential oversight

Timeline

  • Draft
    16 February 2024


  • Vote Open
    16 February 2024


  • Vote Closed
    16 April 2024


  • Did Not Become Law
    16 April 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

Senate

Failed
18Yes 75No 255Not voted 348 seats

For: 18 / 348 seats (5.2%)

Against: 75 · Abstained: 0 · Not voted: 255

50.1% of those voting must vote in favour (actual = 19.4%)
Party Seats Vote
Lysenne Reform League Proposer 0 Yes
New Centre 18 Yes
Renaissance 75 No
Empty seats 125 Not voted

National Assembly

Failed
74Yes 90No 413Not voted 577 seats

For: 74 / 577 seats (12.8%)

Against: 90 · Abstained: 0 · Not voted: 413

50.1% of those voting must vote in favour (actual = 45.1%)
Party Seats Vote
Lysenne Reform League Proposer 0 Yes
New Centre 74 Yes
Renaissance 90 No
Empty seats 240 Not voted

Presidency

Failed
0Yes 1No 0Not voted 1 seat

For: 0 / 1 seats (0.0%)

Against: 1 · Abstained: 0 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Renaissance 1 No

Voting record

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

Renaissance
Voted Feb. 17, 2024
No

“this will make our sector uncompetitive”

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