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Bill: 4277/001/IDP/Banking Reform Act
Details
Submitted by[?]: 憲法民主党 (Kenpō Minshutō)
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: October 4277
Description[?]:
With this act we nationalise all banks and merge them into the National Bank of Sekowo. The central bank shall also now be directly controlled by the Ministry of Finance. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates and owns all banks.
Article 2
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: 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.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is underneath the direct oversight of the Ministry of Finance.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes |
Total Seats: 200 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
Random quote: "The free market is ugly and stupid, like going to the mall; the unfree market is just as ugly and just as stupid, except there is nothing in the mall, and if you don't go there, they shoot you." - P. J. O'Rourke |