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Bill: Investors Confidence Act.
Details
Submitted by[?]: People of Freedom (P.F)
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: September 3711
Description[?]:
| Proposal This bill is an action to increase investor confidence and to set the economy up for success. Hugo Wafowitz D.A representative on Finance |
Proposals
Article 1
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 may freely invest in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 2
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Debate
These messages have been posted to debate on this bill:
| Date | 16:22:43, August 10, 2014 CET | From |  Great National Republican Guard | To | Debating the Investors Confidence Act. |
| Message | Mr. Speaker, This is absolute madness. The government's current policy regarding foreign investments is something we want to keep. We do not want to sell out Lodamun to foreign investors. Most of the profits from Lodamun's companies must stay in Lodamun. I do not see how a change in the law would improve investors' confidence. If anything, the proposed change would make us look desperate for investments. As the law stands, we seem to be doing so well that we want to restrict who can buy shares, so that improves the confidence of existing investors, because they know their shares are a precious commodity. Foreigners will be paying top dollar to compete for shares, since the shares that can be held by foreigners are a limited amount. As for the government policy on industry and subsidies to industrial operations, this administration is not a fan of bailouts. We will not subsidise or adopt "failing industries" for any reason. The current economic model is quite fine with a supermajority of the members of the Presidium. In the past, the P&A had called for all industry to be owned and operated by the state. The current law is the closest to privatization that we will go. -- Enlai Xinpusen, Trade/Industry Minister |
| Date | 11:13:57, August 11, 2014 CET | From | Grand Nationalist Fraction | To | Debating the Investors Confidence Act. |
| Message | Mr. Speaker, the Minister of Trade and Industry holds this function for nearly 25 years. We have no reason to doubt or question that position. Therefore we wish to follow the Trade Minister on this one. Dimitri Dewitte President of Lodamun |
| Date | 00:26:12, August 12, 2014 CET | From | Great National Republican Guard | To | Debating the Investors Confidence Act. |
| Message | Mr. Speaker, I continue to hold the stance that was held by my predecessor, Enlai Xinpusen. We must remember that it was the GNRG that fixed the economy after "free market reforms" caused the GDP to dip by 20,000,000,000 LOD. The economy is fine. -- Kristov DeKarav XIV Trade/Industry Minister |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 31 | |||
| no | Total Seats: 568 | |||
| abstain |
Total Seats: 0 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "Terror is only justice: prompt, severe and inflexible; it is then an emanation of virtue; it is less a distinct principle than a natural consequence of the general principle of democracy, applied to the most pressing wants of the country." - Maximilien Robespierre |