Legislative and Regulatory Reform Bill

With this it will be convenient to discuss the following: New clause 7—Expiry—"‘Part 1 of this Act shall cease to have effect at the end of the period of five years beginning with the day on which it is brought into force.'." New clause 24—Renewal by Parliament of part 1—"‘(1) Before the end of each subsequent period of two years following Royal Assent of the Act Ministers must bring Part 1 before Parliament to be re-approved or rejected by resolution.""(2) If, within each two-year period, Ministers do not bring Part 1 before Parliament, pursuant to subsection (1), it will cease to have effect.""(3) If Parliament re-approves Part 1 by resolution, pursuant to subsection (1), it will have effect for the subsequent two-year period.""(4) If Parliament rejects Part 1 by resolution, pursuant to subsection (1), it will cease to have effect.'."