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Bill: Financial System Reform Act
Details
Submitted by[?]: Communist Party of Vorona
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: January 4358
Description[?]:
| We believe the government should have a stricter interventionist policy in the banking system and regulate stock exchanges to avoid unnecessary risks, such as a speculative bubble and the eventual collapse of the economy. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
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 central bank is an entirely independent agency of the government.
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 and can interfere with its operations.
Article 3
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: The government has no position on the proliferation of stock exchanges.
Proposed: The government owns the stock exchange(s).
Debate
These messages have been posted to debate on this bill:
| Date | 23:10:29, March 03, 2018 CET | From | Crown Federalist Party Of Vorona | To | Debating the Financial System Reform Act |
| Message | Well. Do not want us to vote yes. |
| Date | 23:37:39, March 03, 2018 CET | From | Trade Union and Socialist Coalition | To | Debating the Financial System Reform Act |
| Message | This is far too left even for a bunch of Lefties like us |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 376 | |||||
| no | Total Seats: 374 | |||||
| abstain |
Total Seats: 0 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "Soldiers who are not afraid of guns, bombs, capture, torture or death say they are afraid of homosexuals. Clearly we should not be used as soldiers; we should be used as weapons." - Letter to the editor, the Advocate |