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Bill: Banking Reforms
Details
Submitted by[?]: MWR - Market Socialists
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: May 4570
Description[?]:
| An act outlining the modification of government policy that would place the central bank of Luthori under the supervision of the ministry of finance and allow for the establishment of mutual banking institutions whose purpose is to provide funding for communes and commercial start ups paving the way for economic growth. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: All banks are privately owned.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 2
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is an entirely independent agency of the government.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is underneath the direct oversight of the Ministry of Finance.
Debate
These messages have been posted to debate on this bill:
| Date | 01:20:42, May 03, 2019 CET | From | Neoliberal Party | To | Debating the Banking Reforms |
| Message | Mr Speaker, A proposal very out of line with the views of the Neoliberal Party! |
| Date | 07:10:32, May 03, 2019 CET | From | Patriots Party | To | Debating the Banking Reforms |
| Message | Mr speaker, The independence of the central bank is an absolute must. Is there anything or anyones money these communist won't leave alone. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 279 | ||||||
| no |
Total Seats: 438 | ||||||
| abstain | Total Seats: 0 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "Let's call the drug war what it is, ethnic cleansing of Americans." - Jello Biafra |