Regulatory Authorities (Level of Charges) Bill — Second Reading — 13 May 2011 at 11:32
The majority of MPs voted to stop regulatory bodies increasing fees above the rate of inflation and to require any additional charges by regulatory authorities be approved by Parliament.
MPs were considering the Regulatory Authorities (Level of Charges) Bill[1]. The motion rejected by the majority of MPs in this vote was:
- That the Bill be now read a Second time.
The rejection of the motion meant that the Bill was dropped and made no further progress towards becoming law.
The summary of the Bill provided on the Parliament website states:
- The Bill would place restrictions on regulatory authorities in England (defined as "any authority or body which regulates the carrying on of any business or activity, or the practice of any profession") so that they could not increase fees by more than the rate of inflation (measured by the Consumer Prices Index) over a specified period of time.
- In addition, if such authorities wished to introduce a charge for a service that had previously not been charged for, they would have to seek parliamentary approval for this.
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