Strong Financial Prudential Oversight Act of 2019

Proposed by Labour Movement · fronted by Heinrich Möller

Opened

1 Feb 2019

Voting closes

2 Apr 2019

Chambers

2 legislatures

Articles

1 change

Rationale

Stronger prudential oversight reduces systemic risks from risky financial practices, protecting public savings and economic stability.

Proposed Changes

	Law	Previous		Proposed
1	Banking & Financial Regulation	Deregulated financial centre		Strong prudential oversight

1

Banking & Financial Regulation

Previous law

Deregulated financial centre

Strong prudential oversight

Proposer

Party

Labour Movement

We dig deep to build a future where no hand is left empty and no community is left behind.

Core pillars

Heinrich Möller

Activist · Age 38

66,129 social followers

A former student protest leader who cut his teeth in street-level activism, Heinrich Möller’s fiery rhetoric and media savvy have already made him a rising star in the party, though his unshakable loyalty to senior figures may limit his independence.

🚀 Ambitious 🌟 Idealist 🤝 Loyal 📺 Media Savvy 🔥 Firebrand

Timeline

Draft

1 February 2019
Vote Open

1 February 2019
Vote Closed

2 April 2019
Became Law

2 April 2019

Vote tally

Live tally across each chamber. Weighted by seats held.

Bundesrat

Failed

25Yes 29No 15Not voted 69 seats

For: 25 / 69 seats (36.2%)

Against: 29 · Abstained: 0 · Not voted: 15

50.1% of those voting must vote in favour (actual = 46.3%)

Party	Seats	Vote	Reason
Civic Platform	6	Yes	No reason given
Labour Movement Proposer	7	Yes	No reason given
Liberal Nationalist Coalition	12	No	No reason given
Liberal Union	10	No	No reason given
National League For Freedom And Democracy	8	Yes	No reason given
National People's Front	7	No	No reason given
Rheinland Heritage Union	0	Yes	No reason given
The Christian Democrats	4	Yes	No reason given

Bundestag

Failed

245Yes 252No 153Not voted 650 seats

For: 245 / 650 seats (37.7%)

Against: 252 · Abstained: 0 · Not voted: 153

50.1% of those voting must vote in favour (actual = 49.3%)

Party	Seats	Vote	Reason
Civic Platform	59	Yes	No reason given
Labour Movement Proposer	70	Yes	No reason given
Liberal Nationalist Coalition	110	No	No reason given
Liberal Union	66	No	No reason given
National League For Freedom And Democracy	69	Yes	No reason given
National People's Front	76	No	No reason given
Rheinland Heritage Union	7	Yes	No reason given
The Christian Democrats	40	Yes	No reason given

Voting record

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

No votes cast yet.