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Bill: Stock Exchange Act
Details
Submitted by[?]: Unsubmissive Beluzian Workers 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: June 4023
Description[?]:
| TBD |
Proposals
Article 1
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: Stock exchanges are allowed and are unregulated.
Debate
These messages have been posted to debate on this bill:
| Date | 13:16:37, May 02, 2016 CET | From | SLP-Libertarian Alliance | To | Debating the Stock Exchange Act |
| Message | Do I even have to point out how much of a terrible idea this is. The SLP wants regulation here to prevent stock market crashes. Will crashes be entirely prevented, no, but we must take every precaution we can to prevent them. |
| Date | 13:21:07, May 02, 2016 CET | From | Party of Liberty | To | Debating the Stock Exchange Act |
| Message | Yes, we agree with the SLP. Stock market crashes need to be prevented to keep the economy up and flowing. We cannot agree with this. |
| Date | 20:18:40, May 02, 2016 CET | From | Knights of the People | To | Debating the Stock Exchange Act |
| Message | This is a really bad idea. |
| Date | 20:35:31, May 03, 2016 CET | From | Beluz National Freedom Union | To | Debating the Stock Exchange Act |
| Message | We are all for deregulation and free markets, but free market competition can only thrive when fair play is ensured and excessive leveraging is prevented. This would drive the economy to boiler room trading and oligopoly cartels. We will have to vote against. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 93 | |||||
| no |
Total Seats: 469 | |||||
| abstain |
Total Seats: 78 |
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