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Bill: The Sokhrannost Investment Programme.
Details
Submitted by[?]: Центральная партия
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: February 4208
Description[?]:
| Preamble:- Recognizing our oil-based economy is in danger of decrease due to the loom of falling oil prices in the northern hemisphere, it has come to our attention that a fail-safe be formed in order to stabilize our economy. Article 1: The Stabilization Fund of the Trigunian Empire. There shall be an expenditure fund which will act as the balancer of the State Budget in the event that oil prices were to drop to detrimental levels, whose name shall be "The Stabilization Fund of the Trigunian Empire" and its aim should be as follows (a) to insulate the domestic economy from large influxes of revenue, as from commodities such as oil. Article 2: The Stabilization Fund of the Trigunian Empire and Accumulation Policy The Stabilization Fund of the Trigunian Empire shall accumulate revenue from the following:- (a) Export Duty for Oil and Petrochemicals (which a Duty Fax of 25%) (b) Oil Mining Operations (As apart of the Trans National Oil Mining Tax Act) (c) 12% of the Government Surplus (Every Two Fiscal Terms) Article 3: The Stabilization Fund of the Trigunian Empire and Investment Policy The Stabilization Fund of the Trigunian Empire shall be governed by the Ministry of Finance and asset management being left to the Central Bank of the Trigunian Empire whose obligations to the fund shall be:- (a) Make accessible the accounts of the National Depository with the Central Bank with return based on indices composed of eligible foreign debt securities. (b) Invest into Foreign Debt Security Advisories/Funds. Article 4: Accumulation Cap. There shall be an established Accumulation Cap of $35 Billion Krona, which is defined as how much the fund is to accumulate at the end of each fiscal term, which is as follows:- (a) From the Export Duty for Oil and Petrochemicals:- 25 Billion (b) Oil Mining Operations:- 8 Billion (c) Fiscal Budget:- 12% Article 5: Evaluation from the Ministry of Finance At the end of each fiscal term, the Ministry of Finance shall release a report documenting the accumulation of investment and revenue towards the fund, as well as the spending of the fund's capital. A special report is to be sent to the Select Committee on Finance and the Treasury monthly in order to document accumulation, investment and spending on a much wider scale. Said report is to also be sent to the Office of the Auditor General of the Trigunian Empire for the same purposes. Article 6: The Stabilization Fund of the Trigunian Empire Global The Stabilization Fund of the Trigunian Empire shall have a global arm which should act as an international investor. The Fund shall invest into companies and industries across Terra using:- (a) The Surplus wealth of the Agricultural and Oil and Natural Gas Sector combined (around 8% of this surplus should be taken annually) (b) 13% of Government Net Investment annually. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Local governments regulate foreign investments.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors may freely invest in national companies.
Debate
These messages have been posted to debate on this bill:
| Date | 15:28:17, May 07, 2017 CET | From |  Центральная партия | To | Debating the The Sokhrannost Investment Programme. |
| Message | Mr. Speaker, I open the floor for debate on this legislation. Kurchin Semyonovich Political Leader Соединенные Тригуния (United Trigunia) |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 239 | |||
| no | Total Seats: 361 | |||
| abstain | Total Seats: 0 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: “The people's war isn't just a war of destruction, it is also a war of construction. We will build new facilities, new hospitals, new farms. We will seek to improve the lives of the people around us. This struggle will be as costly as the struggle against the bourgeois army, and indeed will be even more damaging to the enemy.” - Comrade X, former Hulstrian politician |