“Modern Alliance recognises the importance of maintaining a competitive economy while protecting the environment. We support sensible financial regulation and policies that allow businesses to grow, invest, and achieve economies of scale. However, this proposal also introduces a high living wage and immediate, strict emissions requirements backed by heavy penalties. While these objectives are well intentioned, such measures risk placing a significant burden on businesses, increasing costs for employers, and reducing economic competitiveness. Environmental progress should be achieved through realistic and predictable reforms that allow households and businesses time to adapt. We believe economic growth and environmental protection must go hand in hand, not come at each other’s expense. As this proposal does not strike the right balance, Modern Alliance votes against it.”
Economic and Environmental Bill of 2020
Rationale
Modernize our economy whilst preserving our environment in the 21st century, the wellbeing of our citizens and maintaining a competetive economy at the forefront.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Deregulated financial centre
|
Light-touch regulation
|
|
| 2 | Competition & Monopolies |
No competition intervention
|
Permissive on mergers and scale
|
|
| 3 | Minimum Wage Policy |
Basic minimum wage
|
High living wage
|
|
| 4 | Renewable Energy Mandates |
Balanced energy mix
|
Renewables priority
|
|
| 5 | Vehicle Emissions Standards |
Emissions limits with gradual phase-in for new vehicles
|
Strict emissions standards with immediate enforcement and heavy fines
|
1
Banking & Financial Regulation2
Competition & Monopolies3
Minimum Wage Policy4
Renewable Energy Mandates5
Vehicle Emissions StandardsProposer
Party
Liberal Sveria
Liberal Sveria believes in a centrist path that balances the ability of the market, and the State helping where it can. The freedom of the individual is of utmost importance, referring to freedom of speech, religion, property, and more.
Core pillars
Iris King
Activist · Age 59
A seasoned labor leader turned fiery orator, Iris King rose from factory floors to podiums, where her sharp wit and analytical mind dismantle opposition arguments while her working-class roots keep her rooted in reality.
Timeline
-
Draft24 May 2020
-
Vote Open24 May 2020
-
Vote Closed23 July 2020
-
Became Law23 July 2020
Vote tally
Live tally across each chamber. Weighted by seats held.
National Parliament
PassedFor: 200 / 200 seats (100.0%)
Against: 149 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Liberal Sveria Proposer | 200 | Yes | No reason given |
| Modern Alliance Of Sveria | 149 | No | Modern Alliance recognises the importance of maintaining a competitive economy while protecting the environment. We support sensible financial regulation and policies that allow businesses to grow, invest, and achieve economies of scale. However, this proposal also introduces a high living wage and immediate, strict emissions requirements backed by heavy penalties. While these objectives are well intentioned, such measures risk placing a significant burden on businesses, increasing costs for employers, and reducing economic competitiveness. Environmental progress should be achieved through realistic and predictable reforms that allow households and businesses time to adapt. We believe economic growth and environmental protection must go hand in hand, not come at each other’s expense. As this proposal does not strike the right balance, Modern Alliance votes against it. |
Union Parliament
PassedFor: 412 / 700 seats (58.9%)
Against: 308 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Liberal Sveria Proposer | 412 | Yes | No reason given |
| Modern Alliance Of Sveria | 308 | No | Modern Alliance recognises the importance of maintaining a competitive economy while protecting the environment. We support sensible financial regulation and policies that allow businesses to grow, invest, and achieve economies of scale. However, this proposal also introduces a high living wage and immediate, strict emissions requirements backed by heavy penalties. While these objectives are well intentioned, such measures risk placing a significant burden on businesses, increasing costs for employers, and reducing economic competitiveness. Environmental progress should be achieved through realistic and predictable reforms that allow households and businesses time to adapt. We believe economic growth and environmental protection must go hand in hand, not come at each other’s expense. As this proposal does not strike the right balance, Modern Alliance votes against it. |