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Bill: Central Banking Stabilization Act
Details
Submitted by[?]: Whig 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: July 4267
Description[?]:
| Our current banking policy places the financial security of our nation and the stability of the Ruta in jeopardy every time we have an election. Placing the Central bank under the authority and oversight of the Ministry of Finance makes it vulnerable to the whims and changes dictated by any particular administration or Minister of Finance. We propose allowing the Central Bank of Rutania to exercise more autonomy to create a stable monetary policy. As long as we embrace uncertainty businesses will fear chaos and will invest their funds in more stable nations, we urge the Peoples Assembly to approve this measure -Prime Minister Royce Blood |
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 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.
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: 635 | ||||||
| no | Total Seats: 115 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Moderation reserves the discretion to declare RP laws invalid if the players supporting them are doing so in an excessively confrontational way. |
| Random quote: "I swear to the Lord I still can't see Why Democracy means Everybody but me." - Langston Hughes, The Black Man Speaks |