Building Societies Act 1986 (Amendment) Bill 2023-24
make provision about the funding of building societies and the assimilation of the law relating to companies and the law relating to building societies.
Private Members' Bill (Ballot Bill)
The Building Societies Act 1986 (Amendment) Bill is a Ballot Bill tabled by Julie Elliott.
Is this Bill currently before Parliament?Yes. This Bill was introduced on 06 December 2023 and is currently before Parliament.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an MP (Julie Elliott), not the Government.
What type of Bill is this?20 Ballot Bills places are awarded by lottery to backbench MP's at the start of each Session. These Bills receive precedence for debate in the Commons and a handful will succeed in becoming enacted into law.
The higher chance of success means MPs who win a ballot slot are frequently lobbied by groups wishing to have legislation tabled on their behalf, but the choice of bill ultimately remains with the MP.
So is this going to become a law?Historically, between 3 and 13 of the 20 Ballot Bills have succeeded in becoming enacted into law. Therefore, provided this bill is sufficiently high in the Ballot and the Government has no means to object to the bill, it has the greatest chance of PMBs to be enacted into law.
How can I find out exactly what this Bill does?The most straightforward information is contained in the initial Explanatory Notes for the Bill.
Would you like to know more?See these Glossary articles for more information: Ballot Bill, Private Members Bill, Process of a Bill
Official Bill Page Initial Explanatory Notes Initial Briefing papers Ministerial Extracts from Debates All Bill Debates
Next Event: Friday 10th May 2024 - 2nd reading
Order Paper number: 5
(Possibly be Debated)
Last Event: Monday 22nd April 2024 - 1st reading: Minutes of Proceedings (Lords)
Bill Progession through Parliament