Steel Industry (Nationalisation) Act 2026
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
41 Suspension of obligations
(1) The Secretary of State may suspend obligations to make a payment, or delivery, under a contract where one of the parties to the contract is a steel undertaking in respect of which the Secretary of State is exercising a transfer power. (2) A suspension imposed under subsection (1)— (a) begins immediately after the regulations providing for the suspension are laid before Parliament, (b) must end no later than midnight at the end of the 7th business day following the day on which the regulations are laid before Parliament, and (c) suspends all obligations to make a payment or delivery under the contract in question, whether the obligation concerned is that of the steel undertaking in respect of which regulations made under a transfer power have effect or of any other party to the contract. (3) Where a payment or delivery under the contract concerned first fell due within the period of the suspension, that payment or delivery is treated as being due immediately on the expiry of the suspension. (4) The power under subsection (1) must be exercised by way of provision in share transfer regulations or property transfer regulations. (5) In this section and sections 42 and 43, “business day” means any day other than a Saturday, a Sunday, or a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.
41 Suspension of obligations
(1) The Secretary of State may suspend obligations to make a payment, or delivery, under a contract where one of the parties to the contract is a steel undertaking in respect of which the Secretary of State is exercising a transfer power. (2) A suspension imposed under subsection (1)— (a) begins immediately after the regulations providing for the suspension are laid before Parliament, (b) must end no later than midnight at the end of the 7th business day following the day on which the regulations are laid before Parliament, and (c) suspends all obligations to make a payment or delivery under the contract in question, whether the obligation concerned is that of the steel undertaking in respect of which regulations made under a transfer power have effect or of any other party to the contract. (3) Where a payment or delivery under the contract concerned first fell due within the period of the suspension, that payment or delivery is treated as being due immediately on the expiry of the suspension. (4) The power under subsection (1) must be exercised by way of provision in share transfer regulations or property transfer regulations. (5) In this section and sections 42 and 43, “business day” means any day other than a Saturday, a Sunday, or a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.