establish a new model of company structure for Thames Water, to be called a public benefit corporation; to require that public benefit corporation to consider public policy benefits, including reducing leaks and sewage dumping, as well as returns for shareholders; to limit the payment of dividends until a plan is in place to cut the corporation’s debt; and to require membership of the corporation’s board to include representatives of local environment groups.
The Thames Water (Public Benefit Corporation) Bill was a Presentation Bill tabled by Tim Farron.
Is this Bill currently before Parliament?No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2022-23 Session.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an MP (Tim Farron), not the Government.
What type of Bill is this?A Presentation Bill can be tabled by any MP after the fifth Wednesday of the Session. There is no limit to the number of Presentation Bills an individual MP may table.
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.
Would you like to know more?See these Glossary articles for more information: Presentation Bill, Private Members Bill, Process of a Bill
Next Event: There is no future stage currently scheduled for this bill
Last Event: Thursday 29th June 2023 - 1st reading (Commons)
Bill Progession through Parliament