We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Oversight of Central Bank Act
Details
Submitted by[?]: Unsubmissive Beluzian Workers 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: August 4310
Description[?]:
| Although the current law is good in nature, because of the BDP, the central bank has turned into a profit making machine for them, where money is continuously printed, resulting in hyperinflation and where many economic regulations have been scrapped, resulting in a economic crisis, where growth dropped from 19.5% to -29.8%. Because of this, the central bank is in need of reform and to do that, we believe that it should be monitored by the national legislature, as only then can the central bank work for the middle class, not the oligarchs. |
Proposals
Article 1
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 national legislature.
Debate
These messages have been posted to debate on this bill:
| Date | 02:51:17, November 29, 2017 CET | From | United Party | To | Debating the Oversight of Central Bank Act |
| Message | (OOC) this bill was made because of the Federal Reserve Act based a while ago. |
| Date | 02:51:27, November 29, 2017 CET | From | United Party | To | Debating the Oversight of Central Bank Act |
| Message | For the current value |
| Date | 02:53:11, November 29, 2017 CET | From | Beluzian Party | To | Debating the Oversight of Central Bank Act |
| Message | no such thing as a central bank anymore, it is privately owned! and it belongs to me! keep your hands off my property! I purchased it legally! -Dr Wewecho Pantafloja, President of Beluzia. |
| Date | 02:57:51, November 29, 2017 CET | From | United Party | To | Debating the Oversight of Central Bank Act |
| Message | “Okay so we are creating a new one, and taking government money out of your pocket, it’s not yours anyway.” |
| Date | 05:29:46, November 29, 2017 CET | From | Beluzian Party | To | Debating the Oversight of Central Bank Act |
| Message | I have stashed most of my money in Likatonian banks, i dont trust anything Beluzian while you are in power! |
| Date | 11:19:47, November 29, 2017 CET | From | United Party | To | Debating the Oversight of Central Bank Act |
| Message | “No one trusted anything Beluzian when you were in power so I guess we are even.” |
| Date | 22:30:27, November 29, 2017 CET | From | United Party | To | Debating the Oversight of Central Bank Act |
| Message | "We will abstain on this bill." |
| Date | 06:14:10, November 30, 2017 CET | From | Republican Renewal Party | To | Debating the Oversight of Central Bank Act |
| Message | Our party prefers "The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.". |
| Date | 07:16:19, November 30, 2017 CET | From | Unsubmissive Beluzian Workers Party | To | Debating the Oversight of Central Bank Act |
| Message | We will propose what the FLNR has mentioned in an upcoming bill |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||
| yes |
Total Seats: 287 | |||
| no |
Total Seats: 319 | |||
| abstain |
Total Seats: 144 |
| Random fact: Each user account may only be used by the player who set it up. Handing over an account to another player is not allowed. |
| Random quote: "Because democracy is not a spectator sport." - 2004 Democratic campaign slogan |