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Bill: Reigning In The Public Bank Act
Details
Submitted by[?]: Syndicalist Union Party
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: April 4664
Description[?]:
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Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
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.
Article 2
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: The central bank determines the policy on charging interest on loans (if one exists)
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: Charging interest on loans is illegal
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 fixed by the government.
Article 4
Proposal[?] to change Reserve requirements for bank loans
Old value:: The government takes no stance on reserve requirements for bank loans.
Current: There are no reserve requirements for bank loans.
Proposed: There is a full reserve requirement for bank loans.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 280 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 220 |
| Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
| Random quote: "A people that values its privileges above its principles soon loses both." - Dwight D. Eisenhower |