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Bill: Economic Regulation Act of 3410
Details
Submitted by[?]: Imperial Conservative Union (IA)
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: August 3411
Description[?]:
Be it decreed by this Diet, that the economy of Luthori will continue to be a free and capitalistic system based on the principles of entrepreneurship, liberalism, and commercial innovation. However, in order for our empire to grow further and stronger, we must allow room for the middle and lower classes to grow in wealth. By doing so, we of privilege will also grow. - By regulating working hours to a reasonable amount of no more than 72 hours a week, we will ensure that the working underclasses of society are given the opportunity to spend, invest, and save their money. As such, our economy will grow from the increase in demand. -By promising to protect companies that are on the verge of failing from complete destruction, we shall establish a system of easing companies into bankruptcy. By doing so, we will prevent the sudden layoffs of workers and the collapse of an industry from causing massive damage to the economy. We will also have the ability to save entire sections of our economy from disappearing if they hit troubled times. The government, through the Ministry of Trade and Industry will of course promote reform within those industries, but will not take over or nationalized these private companies that should remain open to failure against competitors. -By finally bring some oversight to our Stock Markets, we will be able to ensure that all parties and actors in our system play honorably and honestly, and, as a result, will produce a sound and safe environment that investors will want to take part in. These reforms will make His Excellent Majesty's economy and empire a stronger than it has ever been before. |
Proposals
Article 1
Proposal[?] to change The government's policy towards daily working hours.
Old value:: The government has no policy concerning daily working hours.
Current: The government obligates trade unions and employers to negotiate the daily number of working hours.
Proposed: Daily working hours are regulated by the government.
Article 2
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 acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government subsidizes private enterprises that face bankruptcy.
Article 3
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:
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Vote | Seats | ||
yes | Total Seats: 352 | ||
no | Total Seats: 297 | ||
abstain | Total Seats: 0 |
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