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Bill: Industrial Strategy Act
Details
Submitted by[?]: Communist Party
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: May 4254
Description[?]:
| Manufacturing is currently declining and being replaced by service sector jobs. this is leading to the creation of rust belts across our nation. This bill intends to allow the government the power to subsidise failing industry in order to protect jobs and improve business efficiency. The Industrial Strategy Act aims to; 1. Create a government investment program worth 5bn MRD to modernise industries production equipment. 2. Create a bail-out fund of 3bn MRD to offer government loans at low interest rates of 0.5% to industry under pressure of failing. 3. Industries with less than 3 months running capital will be allowed to apply for the assistance. 4. Acceptance of the loan will be to accept administrator assistance. 5. Creation of a new Industrial Market Council which will bring all industry leaders together in order to improve best working practices. |
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 subsidizes private enterprises that face bankruptcy.
Debate
These messages have been posted to debate on this bill:
| Date | 07:32:00, August 08, 2017 CET | From | Mordusia First! | To | Debating the Industrial Strategy Act |
| Message | You cannot continue subsidising private companies that continue to go bankrupt. The market should be free, there should be no government control. |
| Date | 07:35:24, August 08, 2017 CET | From | Mordusia First! | To | Debating the Industrial Strategy Act |
| Message | You cannot continue subsidising private companies that continue to go bankrupt. The market should be free, there should be no government control. |
| Date | 15:57:33, August 08, 2017 CET | From | Communist Party | To | Debating the Industrial Strategy Act |
| Message | This is a loan system, which doesn't stop them from collapsing but allows businesses to help one and other out to reduce immigration and reliance on imports. |
| Date | 16:52:22, August 08, 2017 CET | From | Progressive Liberals | To | Debating the Industrial Strategy Act |
| Message | We agree with the TP here. Unless it are crucial markets the government needs to stay out of it |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 192 | ||||
| no |
Total Seats: 491 | ||||
| abstain |
Total Seats: 67 |
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