“We really like this act”
Strengthening Market Regulation Measures of 2020
Rationale
Föreslagen lagstiftning stärker konsumentskydd, finansiell stabilitet och konkurrens genom minskad marknadsmissbruk och ökad tillsyn för allmänhetens trygghet.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Deregulated financial centre
|
Strong prudential oversight
|
|
| 2 | Competition & Monopolies |
No competition intervention
|
Active competition enforcement
|
|
| 3 | Consumer Protection |
Multi-year warranties, no-quibble refunds for faulty goods, enforced safety standards
|
Lifetime right to repair, mandatory long warranties, automatic recalls, class actions, a regulator that fines and bans products
|
|
| 4 | Public Ownership of Key Industries |
Full privatisation, market discipline
|
Private, with strong regulation
|
1
Banking & Financial Regulation2
Competition & Monopolies3
Consumer Protection4
Public Ownership of Key IndustriesProposer
Party
United Working Families
We lift the shoulders of working families with arms strong as oak and hearts fierce as flame. The future is built here.
Core pillars
Lukas Jung
Activist · Age 36
Lukas Jung’s unorthodox takes and encyclopedic policy expertise made him a viral sensation, though his social missteps and eccentric antics often overshadow his sharp academic mind.
Timeline
-
Draft9 October 2020
-
Vote Open9 October 2020
-
Vote Closed8 December 2020
-
Did Not Become Law8 December 2020
Vote tally
Live tally across each chamber. Weighted by seats held.
Bundesrat
FailedFor: 18 / 69 seats (26.1%)
Against: 35 · Abstained: 0 · Not voted: 16
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Alternative Democratic Reform | 0 | No | We can't support this. |
| Civic Platform | 7 | Yes | We really like this act |
| Labour Movement | 7 | Yes | We support this wholeheartedly |
| Liberal Union | 20 | No | This harms free market massively and threatens to destroy entrepreneurship |
| National League For Freedom And Democracy | 15 | No | We cannot agree to socialism. |
| United Working Families Proposer | 4 | Yes | No reason given |
Bundestag
FailedFor: 132 / 650 seats (20.3%)
Against: 294 · Abstained: 0 · Not voted: 224
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Alternative Democratic Reform | 0 | No | We can't support this. |
| Civic Platform | 43 | Yes | We really like this act |
| Labour Movement | 89 | Yes | We support this wholeheartedly |
| Liberal Union | 117 | No | This harms free market massively and threatens to destroy entrepreneurship |
| National League For Freedom And Democracy | 177 | No | We cannot agree to socialism. |
| United Working Families Proposer | 0 | Yes | No reason given |
Voting record
Every vote must state a public reason. Most recent first.
“We can't support this.”
“This harms free market massively and threatens to destroy entrepreneurship”
“We support this wholeheartedly”
“We cannot agree to socialism.”