We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Strong Solentia: Vital Industrial Protection Act
Details
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: March 4131
Description[?]:
| This bill proposes the receivership of failing industries dubbed 'vital' by the Ministry of Trade and Industry. Failed industries will go through a process of rehabilitation: bankruptcy, government receivership, reorganization, and released again as a publicly traded company. The government shall continue to possess 30% of all shares in the company. Profits will go to repay government reorganization expenses and added to government surplus. Shares shall be sold on the market at any time following rehabilitation of the company and at any time the government deems it necessary. This bill gives stability to industry, keeps our most important companies from foreign acquisition or failure, and long term provides the government with a steady revenue from partial ownership. |
Proposals
Article 1
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||||
| yes |
Total Seats: 361 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 139 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "Only the educated are free." - Epictetus |