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Bill: Bill NP-122: Central bank administation act
Details
Submitted by[?]: National Progress Party
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 4262
Description[?]:
| (This bill was proposed bythe senator Tommy Kane) The Hutorian Federal Reserve Bank should be more politicly independant. We must do some clear regulation about the way the central bank is administrated. I propose the following regulation: Part 1: Nomination and removal of the director and the members of the executive board Article 1) The Hutorian Federal Reserve Bank shall have one director and eight members of the executive board. Article 2.1)The director of the Hutorian Federal Reserve Bank and the members of the executive board shall be choosen by the minister of Finance. Article 2.2) The choice of the minister of Finance shall be approve by the Prime Minister, the President and thte senate before it come into force Article 3) The director of the Hutorian Federal Reserve Bank and the members of the executive board can be remove from office by a simple majority vote from the senate. Part 2: Interim director and interim members of the executive board Article 4.1) If for some reason a vacancy occur in one of the nine position of the Hutorian Federal Reserve Bank, the minister of Finance shall have the right to nominate a interim at the vacant postion. Article 4.2) The interim shall be approve by both the President and the Prime Minister before it come into force. Article 5) The interim shall only last for one year and it can't be renewed. |
Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: The central bank is an entirely independent agency of the government.
Proposed: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 495 | |||
| no | Total Seats: 84 | |||
| abstain |
Total Seats: 26 |
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