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Bill: Government Act of 4651: Central Banking Act
Details
Submitted by[?]: Nova Aŭgustana Alianco
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: February 4652
Description[?]:
| Full Title: An Act of Union to open up the Banking System of Cobura |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: The government operates a central bank and all other banks are private.
Article 2
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: The government has no policy on the charging of interest on loans
Current: Local governments decide loan interest policies
Proposed: The central bank determines the policy on charging interest on loans (if one exists)
Article 3
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is fixed by the government.
Current: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Proposed: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Article 4
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are actively enforced in all sectors of the economy.
Current: Monopolies are forbidden, and are actively broken up.
Proposed: Monopolies are only forbidden in specific sectors of the economy.
Article 5
Proposal[?] to change Reserve requirements for bank loans
Old value:: The government takes no stance on reserve requirements for bank loans.
Current: There is a full reserve requirement for bank loans, but small banks and credit unions are exempt.
Proposed: There is a full reserve requirement for bank loans, but small banks and credit unions are exempt.
Article 6
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are banned.
Current: The government owns the stock exchange(s).
Proposed: The government owns the stock exchange(s).
Article 7
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government requires all businesses to be run by Democratic Workers' Councils.
Current: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Proposed: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 85 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
| Random quote: "The liberal state is a mask behind which there is no face; it is a scaffolding behind which there is no building." - Benito Mussolini |