Deregulation Act of 2020
Proposed by Democratic Conservative
Passing
in all 2 chambers
Opened
2 Mar 2020
Voting closes
1 May 2020
Chambers
2 legislatures
Articles
3 changes
Rationale
These reforms boost economic growth by reducing regulatory burdens, lowering costs for businesses and consumers while maximising domestic energy independence and job creation.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Strong prudential oversight
|
Deregulated financial centre
|
|
| 2 | Competition & Monopolies |
Active competition enforcement
|
No competition intervention
|
|
| 3 | Fossil Fuel Extraction |
Managed wind-down
|
Maximise domestic extraction
|
1
Banking & Financial RegulationPrevious law
Strong prudential oversight
Deregulated financial centre
2
Competition & MonopoliesPrevious law
Active competition enforcement
No competition intervention
3
Fossil Fuel ExtractionPrevious law
Managed wind-down
Maximise domestic extraction
Timeline
-
Draft2 March 2020
-
Vote Open2 March 2020
-
Vote Closed1 May 2020
-
Became Law1 May 2020
Vote tally
Live tally across each chamber. Weighted by seats held.
Congress of Deputies
Passed
350Yes
0No
0Not voted
350 seats
For: 350 / 350 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
50.1% of those voting must vote in favour (actual = 100.0%)
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Conservative Proposer | 350 | Yes | No reason given |
| Empty seats | 38 | Not voted |
Senado
Passed
266Yes
0No
0Not voted
266 seats
For: 266 / 266 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
50.1% of those voting must vote in favour (actual = 100.0%)
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Conservative Proposer | 266 | Yes | No reason given |
| Empty seats | 29 | Not voted |