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Bill: Business and Banking Act
Details
Submitted by[?]: Social Democratic 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: October 3509
Description[?]:
This bill changes some major topics of Beiteynu's current economical policy concerning business issues in general, government intervention on the exchange rate regime and the shutdown of the Central Bank so that all banking system may be private. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is kept within a defined band of fluctuation.
Current: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Article 3
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 need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
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.
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |||
yes | Total Seats: 0 | |||
no | Total Seats: 20 | |||
abstain | Total Seats: 53 |
Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
Random quote: "In politics, madame, you need two things: friends, but above all an enemy." - Brian Mulroney |