Enterprise and Innovation Act of 2018
Rationale
This Act reduces unneeded barriers to enterprise, investment, and innovation while preserving essential safeguards that protect consumers, financial stability, and fair competition. It rejects both excessive bureaucracy and laissez-faire extremism, pursuing a balanced framework for economic growth.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Strong prudential oversight
|
Light-touch regulation
|
|
| 2 | AI Development & Safety |
Balanced oversight
|
Light-touch, pro-innovation
|
|
| 3 | Public Ownership of Key Industries |
Privatise and lightly regulate
|
Privatise and lightly regulate
|
1
Banking & Financial Regulation2
AI Development & Safety3
Public Ownership of Key IndustriesProposer
Party
National League For Freedom And Democracy
Center-right liberal party, which wants to build a great future for the nation through patriotism, free market and economic solidarity in the ordoliberal spirit
Core pillars
Paul Mayer
Federal Minister of the Interior · Age 61
Raised in a factory town, Paul Mayer spent decades as a labor organizer before turning to politics, where his working-class roots and unshakable idealism now challenge both corporate excess and political cynicism.
Timeline
-
Draft13 April 2018
-
Vote Open13 April 2018
-
Vote Closed12 June 2018
-
Did Not Become Law12 June 2018
Vote tally
Live tally across each chamber. Weighted by seats held.
Bundesrat
FailedFor: 6 / 69 seats (8.7%)
Against: 12 · Abstained: 0 · Not voted: 51
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Green Alliance | 0 | Yes | No reason given |
| Liberal Nationalist Coalition | 7 | No | No reason given |
| National League For Freedom And Democracy Proposer | 4 | Yes | No reason given |
| National People's Front | 2 | Yes | No reason given |
| Social Democratic Forum | 0 | No | No reason given |
| The Christian Democrats | 5 | No | No reason given |
Bundestag
PassedFor: 143 / 650 seats (22.0%)
Against: 125 · Abstained: 0 · Not voted: 382
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Green Alliance | 0 | Yes | No reason given |
| Liberal Nationalist Coalition | 89 | No | No reason given |
| National League For Freedom And Democracy Proposer | 65 | Yes | No reason given |
| National People's Front | 78 | Yes | No reason given |
| Social Democratic Forum | 0 | No | No reason given |
| The Christian Democrats | 36 | No | No reason given |