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Steel Industry (Nationalisation) Act 2026
Steel Industry (Nationalisation) Act 2026 has received Royal Assent on 15 Jul 2026 and is retained here for reference.
Current position
- Latest completed stage
- Royal Assent15 Jul 2026
- Current stage
- Royal Assent
- House
- Unassigned
- Bill type
- Government Bill
- Last updated
- 19 Aug 2026
- Proposer / sponsor
- Peter Kyle Proposer / sponsor · Labour · House of Commons
What this bill is about
The Steel Industry (Nationalisation) Bill would allow the Secretary of State to make regulations to transfer shares and/or certain property, rights and liabilities of a “steel undertaking” into public ownership. It sets out when these transfer powers may be used, including a public interest test, and includes rules intended to help affected companies continue operating and manage issues like directors’ roles, termination rights and restrictions on security interests. The Bill also provides for compensation scheme regulations, including independent valuation arrangements, and includes provisions on financial assistance and reporting connected to the transfer framework.
What it would do
- Define “steel undertaking” and set out when the Secretary of State may exercise “principal transfer” powers.
- Create regulation-making powers for share transfers into public ownership.
- Create regulation-making powers for transfers of property into public ownership.
- Provide for compensation scheme regulations, including independent valuation arrangements.
- Include further rules for continuity, restrictions on security interests, financial assistance and reporting.
Bill journey
Matched Commons vote groups are shown inside the relevant stage where the stored dates allow a match.
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1st reading 14 May 2026 · House of Commons
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2nd reading 21 May 2026 · House of Commons1 division
1 matched vote group 1 Commons division
Steel Industry (Nationalisation) Bill
1 Commons divisionMPs voted on whether the Steel Industry (Nationalisation) Bill should receive a Second Reading and continue to its next stage in Parliament.
Linked division records- Second Reading 21 May 2026 at 17:00 · Motion negatived
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Money resolution 21 May 2026 · House of Commons
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Programme motion 21 May 2026 · House of Commons
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Ways and Means resolution 21 May 2026 · House of Commons
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3rd reading 9 Jun 2026 · House of Commons
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Committee of the whole House 9 Jun 2026 · House of Commons
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1st reading 10 Jun 2026 · House of Lords
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2nd reading 16 Jun 2026 · House of Lords
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Committee stage 1 Jul 2026 · House of Lords
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Report stage 8 Jul 2026 · House of Lords
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3rd reading 13 Jul 2026 · House of Lords
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Consideration of Lords amendments 14 Jul 2026 · House of Commons
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Royal Assent 15 Jul 2026 · Unassigned
Related daily summaries
Published daily summaries where this bill appears in the day’s parliamentary or government business.