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Bill: Central Bank Accountability and Oversight Act(CBAOA)
Details
Submitted by[?]: Progressive Worker's 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: July 4397
Description[?]:
| An act to make the central bank more accountable to the People of Vorona. |
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 | 02:30:53, May 21, 2018 CET | From | Independent Party of Vorona | To | Debating the Central Bank Accountability and Oversight Act(CBAOA) |
| Message | Abuse of power. |
| Date | 02:55:08, May 21, 2018 CET | From | Progressive Worker's Party | To | Debating the Central Bank Accountability and Oversight Act(CBAOA) |
| Message | Please describe how the bill is an abuse of power. |
| Date | 23:57:10, May 22, 2018 CET | From | Independent Party of Vorona | To | Debating the Central Bank Accountability and Oversight Act(CBAOA) |
| Message | The national legislature is giving themselves too much power over economic dealings that should be left up to specialized experts that know what they are doing every year. With direct oversight, it allows the legislature to change whatever they want, whenever they want, which is too much power in my opinion. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 235 | ||||
| no |
Total Seats: 405 | ||||
| abstain | Total Seats: 0 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "The state is nothing but an instrument of oppression of one class by another, no less so in a democratic republic than in a monarchy." - John Smith |