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Bill: Economic Protection Act (2596)
Details
Submitted by[?]: Selucian People's Party
Status[?]: defeated
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: March 2597
Description[?]:
Resolved, by the Senate of the Republic of Selucia, that: I) No person who is not a citizen of the Republic of Selucia shall be permitted to invest in any corporation located in the Republic of Selucia. II) All investments found to be held by non-citizens three (3) years of passage of this Act shall be purchased by the government at fair market value and subsequentally resold to Selucian citizens. III) Investments held by non-citizens must be sold within three (3) years of passage of this Act. All properties not sold in this timeframe shall be subject to Section II of this Act. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors are not allowed to invest in national companies.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||||
yes |
Total Seats: 115 | |||||
no |
Total Seats: 326 | |||||
abstain |
Total Seats: 59 |
Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
Random quote: The Wolfsheim Virus is not a real actual disease in the conventional medical sense of the term. Rather, it is a cluster of symptoms which are just part of the general socio-economic disease that is capitalism. The main symptoms the sufferers are experiencing are a direct result of capitalist poverty, as in malnutrition, poor housing and so on, combined with psycho-somatic symptoms which are a direct consequence of the contradictions and stresses which are inherent to the capitalist system. ~ Friedrich Pfeiffer, General Secretary of the Dorvish Communist Party |