Legislative Bill · Velinor
Passed

Economic And Regulatory Modernization Act of 2023

Proposed by Liberal-Republican Movement · fronted by Amelia Turner
Passing
in all 2 chambers
Opened
13 Apr 2023
Voting closes
12 Jun 2023
Chambers
2 legislatures
Articles
4 changes

Rationale

These reforms modernise regulation to boost economic growth, empower schools to manage behaviour effectively, streamline foreign investment, and balance public interest with private efficiency for better public services.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Light-touch regulation
Deregulated financial centre

2

Mobile Phones in Schools
Previous law
Restricted to break times
Left to teacher discretion

3

Foreign Land Ownership
Previous law
Foreign ownership limited to commercial property only; residential banned
Foreign purchases require government approval

4

Public Ownership of Key Industries
Previous law
Nationalise all key utilities and transport
Public ownership of natural monopolies

Timeline

  • Draft
    13 April 2023


  • Vote Open
    13 April 2023


  • Vote Closed
    12 June 2023


  • Became Law
    12 June 2023

Vote tally

Live tally across each chamber. Weighted by seats held.

The Grand Assembly

Passed
181Yes 136No 43Not voted 360 seats

For: 181 / 360 seats (50.3%)

Against: 136 · Abstained: 0 · Not voted: 43

50.1% of those voting must vote in favour (actual = 57.1%)
Party Seats Vote
Liberal-Republican Movement Proposer 94 Yes
Libertarian Left 136 No
Paleolibertarian Alliance 87 Yes
Representative Coalition Of Velinordese Communists 0 Yes

The Upper Council

Passed
70Yes 55No 25Not voted 150 seats

For: 70 / 150 seats (46.7%)

Against: 55 · Abstained: 0 · Not voted: 25

50.1% of those voting must vote in favour (actual = 56.0%)
Party Seats Vote
Liberal-Republican Movement Proposer 61 Yes
Libertarian Left 55 No
Paleolibertarian Alliance 9 Yes
Representative Coalition Of Velinordese Communists 0 Yes
Empty seats 57 Not voted

President

Passed
1Yes 0No 0Not voted 1 seat

For: 1 / 1 seats (100.0%)

Against: 0 · Abstained: 0 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Liberal-Republican Movement Proposer 1 Yes

Voting record

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

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