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Bill: Economic Reform Bill 3535
Details
Submitted by[?]: Jelbénkai Utrji Spjogad
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: September 3535
Description[?]:
| The Economic Reform Bill proposed by Premier Jahan-Ara Kemal seeks to restrain the abuses and excesses of the private sector by bringing democratic accountability and transparency to some of our key industries. Reforms to the energy sector will return power plants to the public sector, while giving local government the power to build or veto nuclear power stations in their area. In terms of investment in commerce - we want to standardise foreign investment controls across the nation, so that foreign investors are free to place their money in Jelbania, as long as they do not wield overall control of a business. Along with this proposal we also seek to regulate and limit some of the more extreme practices occurring on our stock market. In terms of business we propose the nationalisation of certain key industries so that we can take a pro-active approach in running the economy, instead of having to react to bad situations as a lender of last resort. On top of this we will also never again allow key businesses to grow "too big to fail" by actively breaking up monopolies in the private sector. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: All banks are privately owned.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 2
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies which are not subject to any special regulations.
Current: Energy is provided by private companies which are not subject to any special regulations.
Proposed: Energy is provided by nationalised companies.
Article 3
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Local governments regulate foreign investments.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
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 does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: Certain industries are owned by the state, all others are under private ownership.
Article 5
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are only forbidden in specific sectors of the economy.
Current: There is no policy on monopolies, they are unregulated.
Proposed: Monopolies are forbidden, and are actively broken up.
Article 6
Proposal[?] to change Government policy on nuclear power.
Old value:: The government requires most energy to be generated by nuclear power.
Current: The government does not take any position on nuclear power.
Proposed: The decision is left up to local governments.
Article 7
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:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 161 | |
| no |
Total Seats: 139 | |
| abstain | Total Seats: 0 |
| 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: "The one bonus of not lifting the ban on gays in the military is that the next time the government mandates a draft we can all declare homosexuality instead of running off to Canada." - Lorne Bloch |