New Clause 29 - Report into the merits of a fund for tackling economic crime

Economic Crime and Corporate Transparency Bill – in a Public Bill Committee at 12:00 pm on 24th November 2022.

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“(1) The Secretary of State must produce a report into the merits of a fund for tackling economic crime.

(2) The report must consider the case for penalties paid to the registrar to be ringfenced and used solely for the purposes of tackling economic crime.

(3) The report must be laid before Parliament within six months of this Act being passed.”—

This new clause requires a report into the merits of a fund for tackling economic crime to be laid before Parliament.

Brought up, and read the First time.

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

Division number 11 Economic Crime and Corporate Transparency Bill — New Clause 29 - Report into the merits of a fund for tackling economic crime

Aye: 7 MPs

No: 9 MPs

Ayes: A-Z by last name

Nos: A-Z by last name

The Committee divided: Ayes 7, Noes 9.

Question accordingly negatived.