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Bill: Community Credit Expansion Act
Details
Submitted by[?]: Paranational League
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: September 4214
Description[?]:
| Abstract Local communities must be able to direct capital in accordance with the local economy. Provisions 1. Government recognized organizations will hereafter be able to loan money to individuals and enterprises that seek financing for socially meritorious aims that address the specific needs of the community . 2. The interest rate on such loans shall be fixed by the national bank |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Debate
These messages have been posted to debate on this bill:
| Date | 22:14:07, May 20, 2017 CET | From | League of Communist Vanguards | To | Debating the Community Credit Expansion Act |
| Message | We agree with this plan to decentralize banking and transfer capital directly into the hands of local vanguards. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 750 | ||
| no | Total Seats: 0 | ||
| 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: "Without opposition there is no politics." - Alun Daffys, former Alorian politician |