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Bill: Banking Reform Act
Details
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: November 3512
Description[?]:
| The State recognizes the importance of a functional and mutually beneficial partnership between the government and private entities. Banks are vital cogs in an economy, and as such, it is important to ensure that power is not monopolized towards one entity alone. Freedom, therefore, shall be accorded to the public to operate banking institutions. Their conduct, however, shall be subject to the policies set forth by a government-controlled Central Bank. The Central Bank shall have the power to interfere in the operation of private banks that the government deems to be disruptive and perilous to public welfare. Lastly, allowing the proliferation of banks would increase competition, leading to improved services for the public. Provisions are already in place that would disallow the monopolization of power. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: All banks are privately owned.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
| Date | 13:40:22, July 07, 2013 CET | From |  Gilde Mercantile Solentia | To | Debating the Banking Reform Act |
| Message | We concur. |
| Date | 16:03:24, July 07, 2013 CET | From | Arcturus | To | Debating the Banking Reform Act |
| Message | Arcturus is pleased that the honorable party accedes to our proposal. |
| Date | 12:02:11, July 08, 2013 CET | From | Arcturus | To | Debating the Banking Reform Act |
| Message | Would anyone object to having this moved to a vote? |
| Date | 13:07:36, July 08, 2013 CET | From | Gilde Mercantile Solentia | To | Debating the Banking Reform Act |
| Message | No. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 238 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 187 |
| Random fact: Party organizations are eligible for deletion if they are over 50 in-game years old, do not have at least 1 active member or are historically significant and possess historically significant information. |
| Random quote: "What difference does it make to the dead, the orphans, and the homeless, whether the mad destruction is wrought under the name of totalitarianism or the holy name of liberty and democracy?" - Mahatma Gandhi. |