Legislative Bill · Northsea
Passed

Financial Deregulation Act of 2023

Proposed by Liberal Center · fronted by Nigel Chapman
Passing
in the National Assembly
Opened
17 Jan 2023
Voting closes
18 Mar 2023
Chambers
1 legislature
Articles
1 change

Rationale

Deregulation fosters economic growth by attracting investment and increasing financial sector competitiveness for public benefit.

Proposed Changes

1

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

Timeline

  • Draft
    17 January 2023


  • Vote Open
    17 January 2023


  • Vote Closed
    18 March 2023


  • Became Law
    18 March 2023

Vote tally

Live tally across each chamber. Weighted by seats held.

National Assembly

Passed
68Yes 0No 32Not voted 100 seats

For: 68 / 100 seats (68.0%)

Against: 0 · Abstained: 0 · Not voted: 32

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Capitalistic Liberals 0 Yes
Democratic Socialist Of The Northsea 38 Yes
Environment Of The North Sea 0 Yes
Liberal Center Proposer 30 Yes
The Moderates 0 Yes

Voting record

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

Yes

“We support financial deregulation when it encourages innovation, investment, and sustainable economic growth. However, deregulation must not weaken essential consumer protections, financial stability, or environmental standards.”

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