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Bill: Central Bank Act of 3511
Details
Submitted by[?]: Social Democratic People's 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: July 3512
Description[?]:
| A Central Bank would allow the government to maintain control of its national currency, as well as print it. The central bank would oversee operations of private banks and prevent any crises that may arise due to private banking. Central banks would make sure price fixing and loan manipulation by private banks do not occur. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 111 | ||
| no | Total Seats: 539 | ||
| abstain | Total Seats: 0 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "Democracy is in peril." - Ralph Nader (referring to turnout in the 1996 US presidential election) |