We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Ending Predatory Banking Practices
Details
Submitted by[?]: Demokratik Ittifak 🐺
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: January 4802
Description[?]:
| Legislation to bring an end to the predatory practices of certain financial institutions. |
Proposals
Article 1
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: Banks and financial institutions charge interest on loans and are regulated
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: Charging interest on loans is illegal for religious purposes
Debate
These messages have been posted to debate on this bill:
| Date | 10:27:39, August 17, 2020 CET | From |  Radikal Merkez | To | Debating the Ending Predatory Banking Practices |
| Message | Mr Speaker, This law will only serve to restrict credit to those who need it and harm our economic growth which relies on said credit. Theodora Evren RM Co-leader |
| Date | 12:56:47, August 17, 2020 CET | From | Demokratik Ittifak 🐺 | To | Debating the Ending Predatory Banking Practices |
| Message | The most significant period of growth in recent Jakanian history was the result of a robust and effective Ahmadi banking sector, the reality is that most citizens continue to reject the exploitation of their fellow man in the name of profit and this legislation would only codify that. The legalisation of exploitative lending practices by the corrupt United Democrats corresponded almost exactly with a drop in our economic growth! Development based around abusing our citizens is not development in any useful sense of the term. Ms. Safiye Aydin-Uysal Leader of the Homeland Front |
| Date | 13:37:21, August 17, 2020 CET | From | Justice Party ⚖️ | To | Debating the Ending Predatory Banking Practices |
| Message | This will make our economy with lot s of debt and loans will be skyrocketed |
| Date | 20:25:45, August 17, 2020 CET | From | Radikal Merkez | To | Debating the Ending Predatory Banking Practices |
| Message | Ahmadi banking is indeed an asset to the Jakanian economy but surely our minority communities and perhaps even foreign investors which do not practice it should be offered the opportunity to practice interest based lending. It can only be to the benefit of all, each to her own. Theodora Evren RM Co-leader |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes | Total Seats: 87 | ||||
| no |
Total Seats: 169 | ||||
| abstain | Total Seats: 0 |
| Random fact: When you join the game, you will find yourself with only zero seats. That's because your party's representatives haven't been elected yet. You need to establish your party's position on issues by proposing several bills that your party wants passed and sending them to vote. This raises your visibility and if you do it enough, you will win seats at the next election. |
| Random quote: "The 20th century has been characterised by three developments of great political importance: the growth of democracy, the growth of corporate power; and the growth of corporate propaganda against democracy." - Alex Carey |