text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 1 - Report on Impact of Bank Levy Rate Reduction and Introduction of a Surcharge on Banking Company Profits
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require a report on the impact of the reduction in bank levy rates and introduction of a surcharge on banking company profits. 
  @ MP voted no against requiring a report on the impact of the reduction in bank levy rates and introduction of a surcharge on banking company profits.
  
  The majority of MPs voted against requiring a report on the impact of the reduction in bank levy rates and introduction of a surcharge on banking company profits introduced via the Bill. MPs were considering the Finance Bill[1]:
  
  The proposed new clause rejected in this vote was titled: ''Impact of changes to the bank levy rate and of the banking companies surcharge'' and stated:
  
  : (1) The Chancellor of the Exchequer shall, within three months of the passing of this Act, undertake a review of the overall impact of the changes made by [http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0057/cbill_2015-20160057_en_3.htm#pt3-pb1-l1g16 sections 16 and 17] of, and schedules [http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0057/cbill_2015-20160057_en_8.htm#sch2 2] and [http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0057/cbill_2015-20160057_en_9.htm#sch3 3] to, this Act, on:
  
  : (a) the structure of bank balance sheets;
  
  : (b) the long-term tax revenue from the banking sector; and
  
  : (c) competition and diversity within the banking sector.
  
  : (2) The Chancellor of the Exchequer must lay a copy of the review before both Houses of Parliament.â
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2015-16/finance.html Parliament's webpage on the Finance Bill]
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  