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Bill: Banking & Finance Restructuring Bill
Details
Submitted by[?]: Nationalist Demokratic 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: March 4741
Description[?]:
| refer to article below for morw details |
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 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.
Proposed: The central bank is an entirely independent agency of the government.
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: Banks and financial institutions charge interest on loans and are regulated
Proposed: Banks and financial institutions charge interest on loans and are regulated
Article 3
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
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 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 5
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed and are unregulated.
Proposed: The government owns the stock exchange(s).
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 80 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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| Random quote: "The political ballot box stands for willingness to be ruled by somebody other than yourself." - Alvin Lowi, Jr. |