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Bill: Free Market Act
Details
Submitted by[?]: Parti de Garde Royales
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: September 2644
Description[?]:
| It is time to welcome back the free market in Lourenne. Jacque Potour - Minister of Finance |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 17
Current: 60
Proposed: 12
Article 3
Proposal[?] to change Government policy on energy generation.
Old value:: Private and public power stations exist side-by-side.
Current: All power stations are publicly owned.
Proposed: Private power stations provide energy for the entire power grid.
Article 4
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private companies but the prices they can charge are regulated.
Article 5
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors need to obtain government approval for all investments in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 6
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Debate
These messages have been posted to debate on this bill:
| Date | 12:26:07, September 27, 2008 CET | From | Lourenne Democratic Party | To | Debating the Free Market Act |
| Message | We have absolutely no problems with this bill and would like to see it pass. Sen. Meribeth Cherry (D-AL), Democratic spokesperson for Infrastructure |
| Date | 16:14:54, September 27, 2008 CET | From | People's Power Party | To | Debating the Free Market Act |
| Message | Our party must stand against this bill. It gives the government no room to regulate and ensure stability in the various markets that are important to our economy |
| Date | 19:27:14, September 27, 2008 CET | From | . | To | Debating the Free Market Act |
| Message | The Lourennian Radical Party agrees with the Socailist People's Party and their coalition on this proposal.We will be voting against this bill. Milan K Party President - LRP |
| Date | 16:06:26, September 29, 2008 CET | From | Social Democratic Party of Lourenne | To | Debating the Free Market Act |
| Message | We have objection about article 3 and 4, but vote yes because this bill lead better economy |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 180 | |||
| no |
Total Seats: 119 | |||
| abstain |
Total Seats: 0 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "Take our country back" - Conservative Republican campaign slogan for the 4690 Likatonian election |