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Bill: Economic Reform Act
Details
Submitted by[?]: Collectiu Metzista
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: May 4439
Description[?]:
| An act to reform the lack of regulation in the markets, which lead to oppressive working conditions, severe inequality, unreasonable prices and high potential for economic instability and depression. |
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 Collective bargaining
Old value:: Local governments decide whether to allow collective bargaining
Current: Public and private sector employees have the right to collectively bargain
Proposed: Public and private sector employees have the right to collectively bargain
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 10
Proposed: 30
Article 4
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Article 5
Proposal[?] to change Policy concerning industrial hemp.
Old value:: There are no regulations on industrial hemp.
Current: There are no regulations on industrial hemp.
Proposed: Only regulated agribusinesses may produce industrial hemp.
Article 6
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 7
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are actively enforced in all sectors of the economy.
Current: There is no policy on monopolies, they are unregulated.
Proposed: Monopolies are forbidden, and are actively broken up.
Article 8
Proposal[?] to change Government law concerning the sales of recreational drugs.
Old value:: Sales of recreational drugs is completely unregulated.
Current: The government is entirely responsible for the controlled sales of recreational drugs through operating stores and other locations.
Proposed: Recreational drugs sales are handled by private foundations which are heavily regulated by the government.
Article 9
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 and are unregulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 15:06:47, August 13, 2018 CET | From | Unión Demócrata Republicana Confederal | To | Debating the Economic Reform Act |
| Message | The UDRC will support this bill. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 101 | ||||
| no | Total Seats: 73 | ||||
| abstain | Total Seats: 0 |
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