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Bill: Economic Reform Act
Details
Submitted by[?]: Potensian National Congress
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 4148
Description[?]:
| We need to allow the free market and private initiative more of a role in our economy. The state has a role to play, but at the moment, it is interfering and controlling far too much. We need to step back several steps. President Vijay Tripathi |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
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.
Article 2
Proposal[?] to change The government's policy concerning child labour.
Old value:: Child labour is forbidden.
Current: Child labour is mandatory; all children must seek employment.
Proposed: Child labour is allowed, but with additional regulations to those of adult labourers.
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 15
Proposed: 20
Article 4
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors are not allowed to invest in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
Article 5
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Current: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Proposed: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Article 6
Proposal[?] to change The government's policy concerning phone services.
Old value:: The state subsidizes the phone service of low income families but does not regulate the rates providers can charge for phone service.
Current: Telephone lines are provided free of charge to all citizens.
Proposed: The state regulates the rates providers can charge for phone service.
Debate
These messages have been posted to debate on this bill:
| Date | 03:11:09, January 08, 2017 CET | From |  Metzism movement party of Pontesi | To | Debating the Economic Reform Act |
| Message | Dear speaker You are allowing child labour? You want to keeping our children from education? Thats just sounds like a dictatorship coming ahead! Keeping people dumb, so they would believe every word you say... |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 164 | ||
| no | Total Seats: 136 | ||
| abstain | Total Seats: 0 |
| Random fact: In order for a Cabinet bill to pass, more than half of the legislature must vote for it and all of the parties included in the proposed Cabinet must support it. If your nation has a Head of State who is also the Head of Government, then the party controlling this character must also vote for the bill, since the Head of Government is also a member of the Cabinet. If any of these requirements are not met, the bill will not pass. |
| Random quote: "Conservative, n: A statesman who is enamored of existing evils, as distinguished from the Liberal who wishes to replace them with others." - Ambrose Bierce |