Stronger Banking Oversight Act of 2020 - Saxenheim

Rationale

The financial system must serve the nation, not endanger it. Effective oversight protects savings, strengthens confidence in the banking sector, and ensures that financial institutions contribute to long-term economic stability rather than short-term speculation.

Proposed Changes

	Law	Previous		Proposed
1	Banking & Financial Regulation	Light-touch regulation		Strong prudential oversight

1

Banking & Financial Regulation

Previous law

Light-touch regulation

Strong prudential oversight

Proposer

Party

Saxenheim Workers’ Union

The Saxenheim Workers’ Movement (SWM) is a nationalist political movement focused on strengthening Saxenheim’s industry, protecting national interests, and promoting unity between workers, businesses, and the state. The movement emphasizes economic self-sufficiency, social order, and the belief that

Core pillars

Wolfgang Weber

Activist · Age 45

150,647 social followers

A former tabloid journalist turned firebrand activist, Wolfgang Weber wields media savvy like a weapon, crafting narratives that rally the base while his relentless ambition ensures he’s always angling for the next rung on the political ladder.

🚀 Ambitious 📺 Media Savvy ⚖️ Pragmatist 🔥 Firebrand

Timeline

Draft

5 June 2020
Vote Open

5 June 2020
Vote Closed

4 August 2020
Did Not Become Law

4 August 2020

Vote tally

Live tally across each chamber. Weighted by seats held.

Bundesrat

Failed

10Yes 26No 33Not voted 69 seats

For: 10 / 69 seats (14.5%)

Against: 26 · Abstained: 0 · Not voted: 33

50.1% of those voting must vote in favour (actual = 27.8%)

Party	Seats	Vote	Reason
Alliance For Digital Freedom And Rights	14	No	The current light-touch regulation is what allows this sector to be in excellent health, as economic data show: more growth means more work and more taxes paid to the State. A strong oversight is needed during times of financial crisis or to halt speculation, but that is not currently the case. For these reasons, we cannot support this bill.
Competence And Freedom	12	No	C&F will oppose this bill. Excessive regulation can only be justified during economic crises or when speculation spirals out of control, which is currently not the case. Otherwise, all it achieves is reducing economic flexibility and discouraging investment and growth.
Saxenheim Workers’ Union Proposer	10	Yes	No reason given
Empty seats	5	Not voted

Bundestag

Failed

90Yes 247No 313Not voted 650 seats

For: 90 / 650 seats (13.8%)

Against: 247 · Abstained: 0 · Not voted: 313

50.1% of those voting must vote in favour (actual = 26.7%)

Party	Seats	Vote	Reason
Alliance For Digital Freedom And Rights	130	No	The current light-touch regulation is what allows this sector to be in excellent health, as economic data show: more growth means more work and more taxes paid to the State. A strong oversight is needed during times of financial crisis or to halt speculation, but that is not currently the case. For these reasons, we cannot support this bill.
Competence And Freedom	117	No	C&F will oppose this bill. Excessive regulation can only be justified during economic crises or when speculation spirals out of control, which is currently not the case. Otherwise, all it achieves is reducing economic flexibility and discouraging investment and growth.
Saxenheim Workers’ Union Proposer	90	Yes	No reason given
Empty seats	52	Not voted

Voting record

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

Competence And Freedom

Voted June 7, 2020

No

“C&F will oppose this bill. Excessive regulation can only be justified during economic crises or when speculation spirals out of control, which is currently not the case. Otherwise, all it achieves is reducing economic flexibility and discouraging investment and growth.”

Alliance For Digital Freedom And Rights

Voted June 7, 2020

No

“The current light-touch regulation is what allows this sector to be in excellent health, as economic data show: more growth means more work and more taxes paid to the State. A strong oversight is needed during times of financial crisis or to halt speculation, but that is not currently the case. For these reasons, we cannot support this bill.”