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Bill: Investor of Last Resort Act
Details
Submitted by[?]: Populist Liberal 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: June 2150
Description[?]:
| Whereas, there are industries so vital to Kanjor that they cannot be allowed to go under, given the dire consequences to the economy, but Whereas, we do not wish to subsidize failing businesses, We hereby propose that the government act as the investor of last resort and nationalize an industry that is truly vital, with the intent of returning it to private ownership if and when it is possible. |
Proposals
Article 1
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: Certain industries are owned by the state, all others are under private ownership.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Debate
These messages have been posted to debate on this bill:
| Date | 11:25:04, December 02, 2005 CET | From | Malfico Progressive Fascist Party | To | Debating the Investor of Last Resort Act |
| Message | We oppose this, government must not be involved in industry. |
| Date | 23:18:24, December 02, 2005 CET | From | Populist Liberal Party | To | Debating the Investor of Last Resort Act |
| Message | Voting against this is a vote to deprive the nation of vital goods and services, even in emergency situations. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 278 | ||||||
| no | Total Seats: 338 | ||||||
| abstain |
Total Seats: 133 |
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