Link to Commons debate.

Commonwealth Development Corporation Act 2017

A BILL TO

Amend the limit in section 15 of the Commonwealth Development Corporation Act 1999 on the levels of the government’s financial assistance

BE IT ENACTED by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:

Section 1

Amount of the limit on government assistance

(1) Section 15 of the Commonwealth Development Corporation Act 1999 (limit on government assistance) is amended as follows;

(a) In subsection (1), substitute “£1,500 million” for “£5,000 million”.

(b) After subsection (3) insert—

“(4) The Secretary of State may by regulations substitute for the amount for the time being specified in subsection (1) a larger amount not exceeding £10,000 million.

(5) Regulations made by the Secretary of State under this section are to be made by statutory instrument.

(6) A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.”

Section 2

Short title, extent and commencement

This Act may be cited as the 'Commonwealth Development Corporation Act 2017'

This Act extends to the whole of the United Kingdom

This Act comes into force on the 1st April 2017

This bill was written by /u/DrCaeserMD and sponsored by the SSoS for International Development /u/IFx_98 with support of the Conservative Party.

The voting period for this bill will end at 10PM BST on the 9th of January.

Vote Aye, No or Abstain. Comments with anything else will be deleted. Comments that are edited will be void and not counted.

If a member is voting by proxy, they must have gained permission from the speaker prior to this vote. If no permission was sought and granted, their vote will not be counted.

For full clarifications on the voting system see this post.