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Bill: Federal Banking Act of 2548
Details
Submitted by[?]: Solentian Populist 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: April 2549
Description[?]:
| The current banking system is a mess. Solentia's banking system should not be controlled by a group of plutocratic bankers with only their own best interests in mind. The U.D.P. proposes a banking system featuring a central bank, along with several smaller private banks. The central bank would be quasi-public, being comprised of both private bank members and a government-appointed board of governors. The central bank would exist in order to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in Solentia, and for other purposes. The United Democratic Party believes that a central bank working alongside private banks would add efficiency to the banking system, as well as protection for the people of Solentia, who invest their life savings into the banking system. Signed, Party Chairman, Hillary Rodham Director of Finance, Jerry Ruby |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: All banks are privately owned.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 117 | |||||
| no | Total Seats: 95 | |||||
| abstain | Total Seats: 97 |
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