Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) Bill 2019-21

enable co-operative and community benefit societies to raise external share capital for the purpose of making environmentally sustainable investment; to make associated provisions about restricting conversion to company status and the distribution of capital on winding-up; and for connected purposes.

Private Members' Bill (Ballot Bill)

What is this Bill?

The Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) was a Ballot Bill tabled by Anna McMorrin.

Is this Bill currently before Parliament?

No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2019-21 Session.

Whose idea is this Bill?

As a Private Members' Bill, this Bill represents the individual initiative of an MP (Anna McMorrin), not the Government.

What type of Bill is this?

20 Ballot Bills places are awarded by lottery to backbench MP's at the start of each Session. These Bills receive precedence for debate in the Commons and a handful will succeed in becoming enacted into law.

The higher chance of success means MPs who win a ballot slot are frequently lobbied by groups wishing to have legislation tabled on their behalf, but the choice of bill ultimately remains with the MP.

So is this going to become a law?

No. This Bill did not complete it's passage before the Session completed and is no longer before Parliament. However, it may have been re-introduced under a similar name in a subsequent Session.

How can I find out exactly what this Bill does?

The most straightforward information is contained in the initial Explanatory Notes for the Bill.

Would you like to know more?

See these Glossary articles for more information: Ballot Bill, Private Members Bill, Process of a Bill

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