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Bill: UHD: 1.9 Establishing the "Industrial and Commercial Banking Group" Act
Details
Submitted by[?]: Union Hosienne-Démocrate (UHD)
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: February 4362
Description[?]:
| "Groupe Bancaire Industriel et Commercial" (Industrial and Commercial Banking Group) The GBIC to serve as an investment bank holding corporation using government funds to control stock in major banks to guide investment. This entity will be an independent state-owned commercial bank and reports directly to the Ministry of Finance. The Gouvernement of Kanjor hereby establishes the "Groupe Bancaire Industriel et Commercial" (Industrial and Commercial Banking Group), or GBIC. Article I: The GBIC shall serve as an independently-run state-owned for-profit investment bank to aid in the formation of and advancement of the national economy and increase the wealth of Kanjor. Article II: While the GBIC shall be and maintain its status as an independent state-owned bank holding company it will report to and is responsible directly to the Ministry of Finance. The management and board of the GBIC ultimately reports to the the Ministry of Finance, the Gouvernement, and the President. The composition of its Board of Directors shall be appointed by the Ministry of Finance and approved by the President. Article III: The GBIC shall have the authority and responsibility therein to invest its defined sums, granted by the Gouvernement, to underwrite domestic banks and other investment banks to earn a profit and better Kanjor. Article IV: Third second year, the GBIC shall be audited by the National Audit Office under the power of the Office of the President. |
Proposals
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 252 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 398 |
| Random fact: Moderation will not accept Cultural Protocol updates which introduce, on a significant scale, cultures which are likely to be insufficiently accessible to players. In particular, for all significant cultures in Particracy, it should be easy for players to access and use online resources to assist with language translation and the generation of character names. Moderation reserves the right to amend Cultural Protocols which are deemed to have introduced significant cultures that are not sufficiently accessible and which are not being actively role-played with. |
| Random quote: "We can only protect liberty by making it relevant to the modern world." - Tony Blair |