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Bill: Central Bank Act
Details
Submitted by[?]: Vereinigte Bürgerschaft Dundorfs
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: April 4631
Description[?]:
| To ensure that the monetary system is managed independently. This will encourage trust in our financial policies and economy. Frank Masterschaft Spokesman for Finance |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
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 central bank is underneath the direct oversight of the national legislature.
Current: The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
Proposed: The central bank is an entirely independent agency of the government.
Article 3
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
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, and the government does not intervene at all.
Debate
These messages have been posted to debate on this bill:
| Date | 23:55:26, September 06, 2019 CET | From | Libertärer Kommunist Partei | To | Debating the Central Bank Act |
| Message | It goes without saying, we vote no. |
| Date | 06:29:18, September 07, 2019 CET | From | Vereinigte Bürgerschaft Dundorfs | To | Debating the Central Bank Act |
| Message | It's not your opposing vote, it is the arrogance towards the elctorate that worries my party, Frank Masterschaft Spokesman for Finance |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 334 | |||
| no |
Total Seats: 416 | |||
| abstain | Total Seats: 0 |
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| Random quote: "The substance of the eminent Socialist gentlemen's speech is that making a profit is a sin. It is my belief that the real sin is taking a loss!" - Winston Churchill |