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Bill: Securities, Exchange, and Finance Accountability
Details
Submitted by[?]: People's Revolutionary Communist 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: August 3163
Description[?]:
| Without any regulation in place, the stock exchanges have been the happy hunting grounds of the few major equities holders whom own the economy lock, stock and barrel. The banking sector, slightly more regulated, is an industry eaten up by large finance capital. Reform is needed: the following proposals will create an independent governmental body which will impose regulation, provide oversight and have the authority to bring proven corporate criminals to justice. Everywhere the mass of peoples' real ownership in the economy is thwarted by big capital. As a result of any money seized from investigations or taxes paid in regulations will more than make up any shortfall in the budget caused by implementation of Article 6. |
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
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 freely invest in national companies.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
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 does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: Certain industries are owned by the state, all others are under private ownership.
Article 4
Proposal[?] to change The government's stance on a salary cap.
Old value:: The government has no stance on a salary cap.
Current: The government has no stance on a salary cap.
Proposed: The government enforces a salary cap.
Article 5
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 but are regulated.
Proposed: Stock exchanges are allowed but are regulated.
Article 6
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Debate
These messages have been posted to debate on this bill:
| Date | 20:11:45, August 05, 2011 CET | From | Baltusian Freedom Party | To | Debating the Securities, Exchange, and Finance Accountability |
| Message | We reject. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 51 | ||||
| no |
Total Seats: 229 | ||||
| abstain |
Total Seats: 120 |
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