Legislative Bill · Velinor
Passed

Financial And Industrial Modernization Act of 2021

Proposed by Social Democratic Alliance · fronted by Gordon Edwards
Passing
in all 2 chambers
Opened
21 Feb 2021
Voting closes
22 Apr 2021
Chambers
2 legislatures
Articles
3 changes

Rationale

These reforms modernise outdated rules to boost economic growth while protecting workers and the environment through balanced, future-focused policies.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Strong prudential oversight
Light-touch regulation

2

Fossil Fuel Extraction
Previous law
Managed wind-down
Licensed extraction with limits

3

Automation & the Workforce
Previous law
Actively incentivise automation
Permit automation with strong retraining/transition rights

Timeline

  • Draft
    21 February 2021


  • Vote Open
    21 February 2021


  • Vote Closed
    22 April 2021


  • Became Law
    22 April 2021

Vote tally

Live tally across each chamber. Weighted by seats held.

The Grand Assembly

Passed
276Yes 33No 51Not voted 360 seats

For: 276 / 360 seats (76.7%)

Against: 33 · Abstained: 0 · Not voted: 51

50.1% of those voting must vote in favour (actual = 89.3%)
Party Seats Vote
Conservative & Unionist League 13 Yes
Libertarian Left 33 No
National Conservative Alliance 81 Yes
Paleolibertarian Alliance 13 Yes
Social Democratic Alliance Proposer 169 Yes

The Upper Council

Passed
119Yes 16No 15Not voted 150 seats

For: 119 / 150 seats (79.3%)

Against: 16 · Abstained: 0 · Not voted: 15

50.1% of those voting must vote in favour (actual = 88.1%)
Party Seats Vote
Conservative & Unionist League 4 Yes
Libertarian Left 16 No
National Conservative Alliance 38 Yes
Paleolibertarian Alliance 7 Yes
Social Democratic Alliance Proposer 70 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
Social Democratic Alliance Proposer 1 Yes

Voting record

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

“We support responsible modernization that strengthens Velinor’s economy and energy security while ensuring people are not left behind. Innovation, investment and responsible resource use must go hand in hand with strong protections for workers and long-term national interests.”

Libertarian Left
Voted Feb. 23, 2021
No

“The second article goes against our beliefs of protecting the environment”

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