Legislative Bill · Velinor
Failed

Financial Regulation And Competition Reform of 2024

Proposed by Velinor Social Nationals · fronted by Nathaniel Martin
Failing
passing in 0 of 2 chambers
Opened
9 May 2024
Voting closes
8 Jul 2024
Chambers
2 legislatures
Articles
2 changes

Rationale

These changes strengthen financial stability and fair competition, protecting consumers and the economy from systemic risks and monopolistic abuses.

Proposed Changes

1

Banking & Financial Regulation
Previous law
Deregulated financial centre
Strong prudential oversight

2

Competition & Monopolies
Previous law
Proactively break up dominant firms
Active competition enforcement

Timeline

  • Draft
    9 May 2024


  • Vote Open
    9 May 2024


  • Vote Closed
    8 July 2024


  • Did Not Become Law
    8 July 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

The Grand Assembly

Failed
0Yes 0No 360Abstained 0Not voted 360 seats

For: 0 / 360 seats (0.0%)

Against: 0 · Abstained: 360 · Not voted: 0

50.1% of those voting must vote in favour (actual = 0.0%)
Party Seats Vote
Paleolibertarian Alliance 360 Abstain
Velinor Social Nationals Proposer 0 Yes

The Upper Council

Failed
0Yes 0No 93Abstained 57Not voted 150 seats

For: 0 / 150 seats (0.0%)

Against: 0 · Abstained: 93 · Not voted: 57

50.1% of those voting must vote in favour (actual = 0.0%)
Party Seats Vote
Paleolibertarian Alliance 93 Abstain
Velinor Social Nationals Proposer 0 Yes
Empty seats 57 Not voted

President

Passed
0Yes 0No 1Abstained 0Not voted 1 seat

For: 0 / 1 seats (0.0%)

Against: 0 · Abstained: 1 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)
Party Seats Vote
Daphne Baker 1 Abstain

Voting record

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

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