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Bill: Reform of Banking Act 4555
Details
Submitted by[?]: Luthori Federation 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: September 4556
Description[?]:
| The Luthori Federation Party have purposed a change to banking within Luthori. The proposal will allow for a new central bank, all will remove the power from the private sector. (I) Under this reform, The Central Bank of Luthori will be established to allow Luthorian citizens to bank with. (II) Citzens will be allowed the choice to choose if they would prefer to bank with a private bank or a state owned Central Bank. (III) The Central Bank of Luthori will be held to all laws that private banks must adhere too. Furthermore, all data will protected in line with Luthori’s data protection laws. Meaning, the state will not interfere with any private information. The bill was created by Diane Groves (Head of Luthori Federation Party Finances) |
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.
Debate
These messages have been posted to debate on this bill:
| Date | 17:09:35, April 05, 2019 CET | From | Luthori Federation Party | To | Debating the Reform of Banking Act 4555 |
| Message | Mr Speaker, I'll begin the proceedings by appealing to all parties in voting "Yay" on this motion. We as a party, believe that the great citizens of the nations should be given the choice to bank with a state owned bank. We disagree that only private banking systems are in place, and believe that we're giving too much power to the private sector. I would welcome any thoughts, or suggestions. I yield Diane Groves (Head of Luthori Federation Party Finances and Member of the Diet) |
| Date | 18:20:32, April 05, 2019 CET | From | Neoliberal Party | To | Debating the Reform of Banking Act 4555 |
| Message | Mr Speaker, I hate to oppose my honourable friend's motion but I'm afraid I must, I do not understand this notion of "too much power being given to the private sector". The private sector is the only sector that is legitimate to be operating for-profit industries, a state owned bank is utterly pointless and will result in more theft of taxpayer money to pay for this unnecessary vanity project that will not yield any specific benefits. The government already has the power to regulate private institutions if need be, this is a totally unnecessary step. I yield Theresa April, Leader of the Neoliberal Party |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 294 | |||
| no |
Total Seats: 319 | |||
| abstain | Total Seats: 0 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "The great masses of the people... will more easily fall victims to a big lie than to a small one." - Adolf Hitler |