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Bill: Economic Intervention Bill
Details
Submitted by[?]: Kirlawan Social Democrat 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: March 4393
Description[?]:
To give the government a greater remit with regards the markets and financial sectors |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: 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.
Proposed: 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.
Article 3
Proposal[?] to change Government policy on cryptocurrency.
Old value:: The government has no policy on cryptocurrency
Current: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Proposed: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Article 5
Proposal[?] to change The government's stance on a salary cap.
Old value:: The government has no stance on a salary cap.
Current: Labour unions and organizations of employers negotiate a salary cap.
Proposed: Labour unions and organizations of employers negotiate a salary cap.
Article 6
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: There is no policy on monopolies, they are unregulated.
Current: There is no policy on monopolies, they are unregulated.
Proposed: Monopolies are only forbidden in specific sectors of the economy.
Article 7
Proposal[?] to change The government's policy concerning phone services.
Old value:: There are no regulations on phone service.
Current: There are no regulations on phone service.
Proposed: The state regulates the rates providers can charge for phone service.
Article 8
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: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes | Total Seats: 154 | ||||
no |
Total Seats: 487 | ||||
abstain |
Total Seats: 76 |
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