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Bill: Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill)
Details
Submitted by[?]: Liberal Party of Hutori
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: June 3889
Description[?]:
| Article I.) National Reserve Currency 1. Budgets resulting in Surpluses will be converted into two foreign currencies, the Primary Reserve Currency, and Secondary Reserve Currency, and sustained in case of "times of economic hardship". 2. The Primary Reserve Currency will be the Artanian Union Mark (ARM/ART). 66% of the surplus will be converted into Artanian Union Marks. 3. The Secondary Reserve Currency will be the Luthori Pound (LRP). 34% of the surplus will be converted into Luthori Pounds. 4. All Reserve Currencies will be stored with the Central Bank of Hutori. Article II.) Records 5. It will be the job of the Ministry of Finance to release public records of the current record of and level of all Foreign Reserve Currencies at the beginning of January of each new Fiscal Year. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 02:01:08, August 07, 2015 CET | From | Hutori Republican Alliance | To | Debating the Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill) |
| Message | We will not be voting in favor of this bill. Mandatory surpluses often lead to austerity measures which directly harm the people. |
| Date | 11:44:44, August 07, 2015 CET | From | Choice | To | Debating the Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill) |
| Message | We lean towards agreement with the HRA on this matter. |
| Date | 13:06:50, August 07, 2015 CET | From |  Liberal Party of Hutori | To | Debating the Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill) |
| Message | Mr. Speaker If the Article on Mandatory Surpluses were removed would our Honorable Colleagues in thr Opposition be more open to voting in favor? Megan Burns Minister of Finance |
| Date | 21:49:23, August 07, 2015 CET | From | Hutori Republican Alliance | To | Debating the Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill) |
| Message | Mr. Speaker Would the Minister of Finance please explain why these currencies work best? |
| Date | 23:28:39, August 07, 2015 CET | From | Liberal Party of Hutori | To | Debating the Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill) |
| Message | Mr. Speaker The Artanian Union Mark is the official currency of the world's most powerful intercontinental union, the Artanian Union. The ARM or ART is pegged at 1 ARM = 8.0989 HLR. Securing the bulk of our surplus funds into this currency will ensure during any times of economic hardship we will have a stable currency to fall back on. The Luthori Pound is traditionally our reserve currency, a hold over from our time as a Commonwealth of the Holy Luthori Empire. Most importantly the Luthori Pound or LPD remains one of the most powerful independent currencies in the world, pegged at 1 LPD = 4.8681 HLR. The Holy Luthori Empire has one of the oldest and most powerful international economy, and their several centuries of straight stability are enough to ensure that the remainder of our surpluses will continue to be secure. Also by keeping them in two different currencies it will mean that should anything happen to one, we'll still be stable in the other. Rt. Honourable Megan Burns Minister of Finance MP for Carter City Centre |
| Date | 08:53:31, August 08, 2015 CET | From | Hutori Republican Alliance | To | Debating the Bill C-7: Budgetary Surplus and Reserve Currency Investment Act (RP Bill) |
| Message | Mr. Speaker I would favor this bill were Article One to be removed. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 338 | ||||||
| no | Total Seats: 0 | ||||||
| abstain | Total Seats: 0 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: "What we are doing to the forests of the world is but a mirror reflection of what we are doing to ourselves and to one another." - Gandhi |