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Bill: The Banking System
Details
Submitted by[?]: United Party of Centrists
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: May 4077
Description[?]:
| This bill aims to privatize the majority of banks save once central bank. This allows individuals to run privatized banks under the regulation and supervision of a central bank. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
| Date | 08:55:51, August 18, 2016 CET | From | Regionalist Coalition | To | Debating the The Banking System |
| Message | Madam Speaker, This is the reasonable compromise that should never have been removed by our government. Banks should be mainly private to promote competition and push for excellence, but the government also needs the power to take action in the event of a crisis or period of economic instability - the kind of power provided by control of a central bank. We will support this Bill, and urge Senators to do so also. Sen. John Bills Finance Spokesperson, New Liberal Party |
| Date | 11:48:48, August 19, 2016 CET | From | Knights of the People | To | Debating the The Banking System |
| Message | No. This is completely opposed to the government's policy. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 44 | |||||
| no |
Total Seats: 468 | |||||
| abstain |
Total Seats: 238 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "A son can bear with equanimity the loss of his father, but the loss of his inheritance may drive him to despair." - Niccolo Machiavelli |