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Bill: Open Market and Trading Act
Details
Submitted by[?]: Regionalist Coalition
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: July 4078
Description[?]:
| An Act to privatise and deregulate certain areas of the economy |
Proposals
Article 1
Proposal[?] to change The government's policy on advertising
Old value:: Only advertising that meets certain set standards is permitted.
Current: Only advertising that meets certain set standards is permitted.
Proposed: All advertising is permitted.
Article 2
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 a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 3
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private, unregulated companies but subsidies are given to those on a low income.
Article 4
Proposal[?] to change The right to gamble.
Old value:: Gambling is legal, but only in private homes and casinos with special licences.
Current: Gambling is illegal unless taking place in a licensed casino.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
Article 5
Proposal[?] to change The government's policy concerning phone services.
Old value:: Telephone lines are provided free of charge to all citizens.
Current: There are no regulations on phone service.
Proposed: The state subsidizes the phone service of low income families but does not regulate the rates providers can charge for phone service.
Article 6
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: The government is entirely responsible for the controlled sales of recreational drugs through operating stores and other locations.
Proposed: Sales of recreational drugs is completely unregulated.
Article 7
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 | 10:58:24, August 21, 2016 CET | From | Regionalist Coalition | To | Debating the Open Market and Trading Act |
| Message | Madam Speaker, With our economy buoyed by an economic upturn, and by recent investment in the economy, it's time to let the free market take the reigns. With natural incentive to provide the best quality service at the keenest prices, these industries will prosper greatly from relaxation of government interference. Sen. John Bills Finance Spokesperson, New Liberal Party |
| Date | 23:49:39, August 21, 2016 CET | From | United Party of Centrists | To | Debating the Open Market and Trading Act |
| Message | Madam Speaker, While there are portions of this bill I don't agree with, such as the sale of recreational drugs and the deregulation of the stock market, I find that it does more good than it does harm. Our party will be voting for this bill. John Magonid, Founder and Leader of the UPC |
| Date | 01:24:02, August 22, 2016 CET | From | The Liberal Progressive Party of Beluzia | To | Debating the Open Market and Trading Act |
| Message | Madam Speaker, The Liberal Progressive party supports all articles besides article 4, but will vote for the bill... |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 44 | |||||
| no |
Total Seats: 468 | |||||
| abstain | Total Seats: 0 |
| Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
| Random quote: "The only difference between the Republican and Democratic parties is the velocities with which their knees hit the floor when corporations knock on their door. That's the only difference." - Ralph Nader |