Economic Crime (Transparency and Enforcement) Bill – in the House of Commons at 9:34 pm on 7 March 2022.
“(1) The Sanctions and Anti-Money Laundering Act 2018 (referred to in this Chapter as the “2018 Act”) is amended as follows.
(2) In section 1 (power to make sanctions regulations) omit subsection (4).
(3) Omit section 2 (additional requirements for regulations for a purpose within section 1(2)).
(4) In section 45 (revocation and amendment of regulations under section 1)—
(a) in subsection (2)—
(i) omit the “and” at the end of paragraph (a);
(ii) omit paragraph (b);
(b) omit subsections (3) to (5);
(c) in subsection (6) omit “, section 2”.”—(Paul Scully.)
This new clause and NC33 to NC40 would form a new Chapter 2 in Part 3 of the Bill and would make provision (a) streamlining the process by which an appropriate Minister can make designations for the purposes of sanctions regulations, (b) amending provision relating to reviews and reports and (c) making connected provision.
Brought up, and added to the Bill.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.
