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Bill: Comprehensive Financial & Economic Reform Act
Details
Submitted by[?]: Conservative Democratic Union Lodamun
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: October 4426
Description[?]:
| Upon examination of the regulatory financial sector regime, the Conservative Democrats wish to voice their worries in regard to the banking sector. Current technical regulations impaires economic growth rates. Consequently, unemployment rates are higher than they should be, there is a lack of foreign investment, and neccesary funds for social welfare programs and infrastructure improvement are limited. As such the Conservative Democratic Union Lodamun recommends the following policy measures |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
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
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors may freely invest in national companies.
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor 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 Closed shops are places of employment where only members of a specific union are allowed to work; union shops can hire non-members, but these have to become members after a certain time; agency shops can hire non-members, who have to pay a fee to cover the unions costs. All three are erected by union agreements. (Only valid if unions are legal)
Old value:: Union shops and agency shops are legal, but closed shops are not.
Current: Closed shops, union shops and agency shops are legal.
Proposed: Only open shops are legal.
Article 6
Proposal[?] to change The government's policy concerning phone services.
Old value:: The state subsidizes the phone service of low income families, and regulates the rates providers can charge for phone service.
Current: The state regulates the rates providers can charge for phone service.
Proposed: The state subsidizes the phone service of low income families but does not regulate the rates providers can charge for phone service.
Article 7
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government requires most industries to be fully run by Democratic Workers' Councils.
Current: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Proposed: Democratic Workers' Councils are not permitted to run a business.
Debate
These messages have been posted to debate on this bill:
| Date | 16:20:13, July 17, 2018 CET | From | Liberal Progressives | To | Debating the Comprehensive Financial & Economic Reform Act |
| Message | Mr. Speaker, These policies have our support, but need to come with the necessary austerity measures by the government to prevent the country from running a deficit. Martin Altstones, Shadow Minister of Finance for the Liberal Progressives |
| Date | 16:23:06, July 17, 2018 CET | From | Republican Party | To | Debating the Comprehensive Financial & Economic Reform Act |
| Message | Mr Speaker, The Republicans can support these proposals. There are many areas of economic policy that need to be reformed, but these areas signal a good start. Thomas McDonald Leader of the Republican Party |
| Date | 19:08:36, July 18, 2018 CET | From | Lodamun Labour Party | To | Debating the Comprehensive Financial & Economic Reform Act |
| Message | Mr. Speaker, The LLP is against such liberalization. We believe that the government should have a strong grip on the financial en economic sector. Mitchell York, LLP MP on Finance |
| Date | 04:44:15, July 19, 2018 CET | From | Lodamese Democratic Progressive Party | To | Debating the Comprehensive Financial & Economic Reform Act |
| Message | Mr. Speaker, The New Green Party of Lodamun will not support this proposal. Dravel Casel, NGPoL Chairman |
| Date | 14:10:15, July 19, 2018 CET | From | Secular Humanist Party | To | Debating the Comprehensive Financial & Economic Reform Act |
| Message | Mr. Speaker, The SHP agrees with most of these proposals. We will support this bill. Alexander Prince SHP Party Leader |
| Date | 22:19:57, July 19, 2018 CET | From | National-Socialist Lodamun Workers Party | To | Debating the Comprehensive Financial & Economic Reform Act |
| Message | Mr. Speaker, We do not fully support the proposed changes but we find the decommunization of this country more important. We will vote in favour. John Miller Leader of the NSLWP |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 202 | ||||
| no |
Total Seats: 397 | ||||
| abstain | Total Seats: 0 |
| Random fact: Large scale RP planning (such as wars, regional/continental conflicts, economic collapse, etc.) should be planned (as best as it can be) and should have consent of a majority of players involved. |
| Random quote: "'The illusion of Pontesi nationhood'. The Serpent speaks. How can they say these things? How can they call our country an illusion? You can see it clear as day, these people won’t stop until they’ve destroyed us all." - Morgan Einar, former Pontesian general |