This version of the Bill was first introduced in the House of Commons in March 2020 and has a lot of similarity to the previous version of the Bill that fell in the last Parliament—the Trade Bill in 2017-19. The 2019-20 Bill recently completed Report Stage in the House of Lords on 6 January, and the current version of the Bill contains amendments made during the Lords' as well as the Commons' stages.

Following its introduction back in December 2017, the 2017-19 version of the Bill underwent many rounds of scrutiny. The Senedd initially approved the legislative consent motion on 12 March 2019 and subsequently on 21 May 2019, in light of two supplementary memoranda. I'm back before you today in relation to the current 2019-2021 version, which contains some provisions that were in the original Bill, along with some additional amendments that require further consideration by the Senedd.