The Industry and Exports (Financial Support) Act 2009 (c. 5) is an act of the Parliament of the United Kingdom. It was enacted in response to the "global downturn".
Legislative passage The act was passed through emergency procedure.
Provisions
The act amended the Export and Investment Guarantees Act 1991 to require that exporting companies can apply to the Export Credits Guarantee Department for insurance after they have started constructing overseas projects. The amendments allowed companies to circumvent the department's commitments to human rights, the environment and sustainable development safeguards.
Reception The Conservative spokesperson criticised for not being the "practical aid", that in his view, businesses were seeking.
Nicholas Hildyard of the Corner House criticised the legislation for weakening the UK Government’s commitment to human rights.
References "Industry and Exports (Financial Support) Act 2009". Current Law Statutes Annotated 2009. Sweet & Maxwell. Thomson Reuters. 2010. Volume 1. Chapter 5. pp 5-1 and 5-2. Halsbury's Statutes,
External links The Industry and Exports (Financial Support) Act 2009, as amended from the National Archives. The Industry and Exports (Financial Support) Act 2009, as originally enacted from the National Archives. Explanatory notes to the Industry and Exports (Financial Support) Act 2009.