New Clause 27 - Compensation for Victims of Economic Crime

Economic Crime and Corporate Transparency Bill – in the House of Commons at 5:00 pm on 25 January 2023.

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Votes in this debate

“(1) The Secretary of State must, no later than 90 days from the date on which this Act comes into force, publish and lay before Parliament a strategy for the potential establishment of a fund for the compensation of victims of economic crime.

(2) The strategy may include provisions on the management and disposal of any assets realised by the government, or any body with law enforcement responsibilities in relation to economic crime, under relevant UK legislation.”—(Stephen Kinnock.)

This new clause would require the Secretary of State to prepare and publish a strategy on the potential establishment of a fund to provide compensation to victims of economic crime.

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Division number 161 Economic Crime and Corporate Transparency Bill Report Stage: New Clause 27

Aye: 218 MPs

No: 289 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

The House divided: Ayes 221, Noes 289.

Question accordingly negatived.