UK Parliament · Public Bill · No. 2863
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Act 2021
[As Introduced]
A
BILL
to
This Act sets up a special fund to compensate people who lost savings when London Capital & Finance plc went bust in a fraud scandal. It ensures victims of this particular fraud receive financial help to recover their losses.
Presented by John Glen
supported by Viscount Younger of Leckie.
supported by Viscount Younger of Leckie.
✓ Passed into lawPublicLords
Official Ballot · Open Govt
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The people's count15 votes
100% Aye · 150% No · 0
MPs' vote344 MPs
15% Ayes · 5285% Noes · 292
The democratic gap
85% , a wide gap
Outcome mismatch, the public would pass this bill, but Parliament rejected it.
Bill passage
Commons
- 1st reading12 May 2021
- 2nd reading8 Jun 2021
- Committee stage15 Jun 2021
- Report stage22 Sept 2021
- 3rd reading22 Sept 2021
Lords
- 1st reading11 Oct 2021
- 2nd reading19 Oct 2021
- 3rd reading19 Oct 2021
Royal Assent20 Oct 2021