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Bill: Financial Sector Reform Act
Details
Submitted by[?]: Democratic Progressive Alliance (IA)
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: November 2953
Description[?]:
| An act to re-establish a central bank. |
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.
Article 2
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed and are unregulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 12:07:55, June 13, 2010 CET | From | Constitutionalist Imperial League (IA) | To | Debating the Financial Sector Reform Act |
| Message | Mr Speaker, The central bank causes business cycles and the bust and boom phenomenon which is very detrimental to the economy. I yield. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 36 | |||
| no |
Total Seats: 126 | |||
| abstain | Total Seats: 39 |
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