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Bill: Programme for Sensible Economics, 4780
Details
Submitted by[?]: União Democrática do Tukarali
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 4781
Description[?]:
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Proposals
Article 1
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 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 Exchange rate regime
Old value:: The exchange rate of the national currency is kept within a defined band of fluctuation.
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 3
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may freely invest in national companies.
Proposed: Local governments regulate foreign investments.
Article 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: Certain industries are owned by the state, all others are under private ownership.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
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 fractional reserve requirement for bank loans.
Proposed: There is a fractional reserve requirement for bank loans.
Article 6
Proposal[?] to change Secondary strike action.
Old value:: Any trade union can go on a sympathy strike in support of other striking workers.
Current: Secondary strike action is illegal. Workers and unions can only go on strike for their own pay and conditions.
Proposed: Only closely related trade unions can walk out on a sympathy strike in support of other striking workers.
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | ||
yes |
Total Seats: 170 | ||
no |
Total Seats: 55 | ||
abstain | Total Seats: 0 |
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Random quote: "Only the educated are free." - Epictetus |