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Bill: Senate Resolution 12:Restructured Economic Systems Act (RES Act)
Details
Submitted by[?]: Federal Independent Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: December 2438
Description[?]:
| Restructuring the economy. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: All banks are privately owned.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 6
Current: 0
Proposed: 0
Article 3
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Debate
These messages have been posted to debate on this bill:
| Date | 14:08:38, August 02, 2007 CET | From | Liberal Party of Solentia | To | Debating the Senate Resolution 12:Restructured Economic Systems Act (RES Act) |
| Message | Articles 2 and 3 are supported. We feel the banking system works well in its current state. Xavier Evans, Party Leader |
| Date | 20:58:49, August 02, 2007 CET | From | Conservative Party of Solentia | To | Debating the Senate Resolution 12:Restructured Economic Systems Act (RES Act) |
| Message | Article 2 will see our support. Julia Taylor, Inner Party Leader |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 124 | ||||||
| no | Total Seats: 51 | ||||||
| abstain | Total Seats: 0 |
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