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Bill: Public Finance Reform Act
Details
Submitted by[?]: Vereinigte Bewegung der Regionen
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: April 4470
Description[?]:
| Members of Parliament, To stimulate investments, private entrepreneurship and to re-establish- and regulate the financial markets, I propose this reform act. This will lead economic growth and wealth for us all! Sophie Frankenbach, Minister of Finance. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
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 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 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 central bank is an entirely independent agency of the government.
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 invest in national companies, but may not get a majority share.
Proposed: Foreign investors may freely invest in national companies.
Article 4
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are banned.
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 | 19:20:33, October 14, 2018 CET | From | Grüne Demokratische Partei | To | Debating the Public Finance Reform Act |
| Message | We fully endorse this proposal and will vote AYE. Guy-Karl Kieffer President of Dorvik |
| Date | 23:57:07, October 14, 2018 CET | From | Dorvish National Party | To | Debating the Public Finance Reform Act |
| Message | We disagree with article 3 but we will still vote in favour |
| Date | 18:25:35, October 15, 2018 CET | From | Alternative für Dorvik | To | Debating the Public Finance Reform Act |
| Message | The AfD agrees with this bill. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 105 | ||||
| no | Total Seats: 67 | ||||
| abstain | Total Seats: 28 |
| Random fact: Don't vote yes on a cabinet coalition that doesn't give you the power that you deserve. |
| Random quote: "The best politics is right action." - Mahatma Gandhi |