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Bill: RP: Establishment of the Eastern Development Bank
Details
Submitted by[?]: 17 Marta Komitet (17MK)
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4614
Description[?]:
| This act of the State Duma formally establishes the Eastern Development Bank; (1) The Eastern Development Bank will be headed by the President of the Eastern Development Bank selected by the Board of Governors. The Board of Governors will be represented by the Finance Ministers or their appointed representatives and will be responsible for forming policies, approval annual budgets, and oversight of the activities of the Eastern Development Bank. (2) The activities of the Eastern Development Bank will managed by the Board of Directors, a board of 30 members appointed by member states and will be responsible for the decision making capability within the Eastern Development Bank. The Management Committee will be lead by the President of the Eastern Development Bank and will be assisted by 8 Vice Presidents who are responsible for the management of the Eastern Development Bank. (3) Oversight and regulatory matters of the Eastern Development Bank will be managed by the Audit Committee, a team of 8 members appointed by the Board of Governors. (4) The Eastern Development Bank will focus on strategic investment into the Eastern portion of Terra and will be primarily directed at Dovani. The Eastern Development Bank will found its first headquarters at a former State Bank of Trigunia headquarters located in Rodshyadam and will open two secondary headquarters in Wolfsheim, Ostland and Skalm, Kazulia. (5) Investors in the bank can be government entities which will be allowed to own up to 45% of the bank, corporations which will be allowed to own up to 35% of the bank and public/private persons will be allowed to own up to 20% of the bank. (6) Initial capital provided by the Tsardom of Trigunia will be $25 billion Lodamese Dollars. |
Proposals
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 525 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "We are told that this is an odious and unpopular tax. I never knew a tax that was not odious and unpopular with the people who paid it." - John Sherman |