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Bill: Federal Economic Adjustment Act of 3987
Details
Submitted by[?]: National Progressive Union
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 3987
Description[?]:
| This bill would change a number of laws regarding the government's involvement in the economy. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
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 but the prices they can charge are regulated.
Current: Energy is provided by private companies but the prices they can charge are regulated.
Proposed: Energy is provided by nationalised companies.
Article 3
Proposal[?] to change Government law concerning the sales of recreational drugs.
Old value:: Recreational drugs sales are handled by private foundations which are heavily regulated by the government.
Current: Recreational drugs sales are handled by private foundations which are heavily regulated by the government.
Proposed: The government is entirely responsible for the controlled sales of recreational drugs through operating stores and other locations.
Article 4
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: The government owns the stock exchange(s).
Debate
These messages have been posted to debate on this bill:
| Date | 22:42:36, February 21, 2016 CET | From |  Liberal Party of Hutori | To | Debating the Federal Economic Adjustment Act of 3987 |
| Message | Mr. Speaker Can the NDP explain how this will aid the country during this time of conflict? Scott Taylor Minister of Trade and Industry |
| Date | 03:07:34, February 22, 2016 CET | From | National Progressive Union | To | Debating the Federal Economic Adjustment Act of 3987 |
| Message | Mr. Speaker, We believe that this has very little to do with the current conflict; rather, that this measure will aid the country regardless. Moving the banking system and the stock exchange into the federal domain will ensure that there are countermeasures in place to prevent corruption and ensure equity. Further, energy is an essential good and should be supplied to the people at a reasonable cost. Lastly, the sale of recreational drugs must be regulated beyond the scope of the private sector, so that they are not abused. James R. Garrison (NDP-KN) |
| Date | 14:33:58, February 22, 2016 CET | From | Liberal Party of Hutori | To | Debating the Federal Economic Adjustment Act of 3987 |
| Message | Mr. Speaker What we dont understand is how changing the status quo in regards the banking sector and stock exchanges will aid the economy. Both the Hutori Central Stock Exchange (HCSE) and the Kenai Stock Exchange (KSX) are heavily regulated by the Ministry of Finance, the government seizing control of them makes little sense... and the government nationalizing or banning thr largest banks may encourage them to leave the nation which includes the International Terran Bank which makes its home here in Hutori and is the largest financial institution in the world...Unless of course this isn't what will happen if this Bill is allowed to pass. Hutori is attempting to be taken seriously on the international financial market and yet the governments meddling appears to seek to undermine it. Scott Taylor Minister of Trade and Industry |
| Date | 23:41:47, February 22, 2016 CET | From | National Progressive Union | To | Debating the Federal Economic Adjustment Act of 3987 |
| Message | Mr. Speaker, While I understand the concerns brought forth by Minister Taylor, much of his claim is based on a misconception: the International Terran Bank and other large international financial firms will still be allowed to operate under this new change. Under the ITB's rules for operation for nations drafted in 3836, the document provides for the government owning the large banks in the country, as long as smaller banks are permitted. This would not impact our agreement with the ITB. James R. Garrison (NDP-KN) |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 112 | |||||
| no | Total Seats: 100 | |||||
| abstain | Total Seats: 0 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "Every month we do not have an economic recovery package, 500 million Americans lose their jobs." - Nancy Pelosi |