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Bill: SSD-15 "Stock Exchange Act"
Details
Submitted by[?]: Fatherland Front
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: December 4295
Description[?]:
| Stock exchanges are not like other businesses. The performance of national stock exchanges is often taken as a proxy for the health of a nation's economy, or at least investor enthusiasm for the country's prospects. National exchanges also play an under-appreciated policy role in deciding the listing and compliance standards for companies that wish to go public. Of course, the trading and investment world is not just all about stocks. Derivatives are very lucrative to exchanges. Running an exchange is a great business; it is effectively a monopoly. Those who own exchanges can require companies to pay listing fees, traders to pay for market access and investors to pay transaction fees. It is not altogether surprising, then, that there is so much activity in this space. The Fatherland Front as such proposes we nationalize the Malivian stock exchange. Who is better than the state to manage such huge amounts of money both in revenue and in state of flux through the market? |
Proposals
Article 1
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: The government owns the stock exchange(s).
Debate
These messages have been posted to debate on this bill:
| Date | 16:24:12, October 30, 2017 CET | From | Fatherland Front | To | Debating the SSD-15 "Stock Exchange Act" |
| Message | *Heard in the distance* I WANT ROBES OF SOLID GOLD! |
| Date | 12:12:30, October 31, 2017 CET | From | Liberal Alliance | To | Debating the SSD-15 "Stock Exchange Act" |
| Message | Absolutely not! |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 283 | |||
| no |
Total Seats: 191 | |||
| abstain | Total Seats: 126 |
| Random fact: Players have a responsibility to make a reasonable effort to be accurate when communicating the rules to other players. Any player who manipulatively misleads another player about the rules will be subject to sanction. |
| Random quote: "Envy is the cause of political division." - Democritus |