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Bill: Economic (Banking System) Reform
Details
Submitted by[?]: National Justice 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: January 4840
Description[?]:
| as per title |
Proposals
Article 1
Proposal[?] to change The government's policy on advertising
Old value:: All advertising is permitted.
Current: All advertising is prohibited.
Proposed: Only advertising that meets certain set standards is permitted.
Article 2
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: All banks are privately owned.
Proposed: The government operates a central bank and all other banks are private.
Article 3
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 Ministry of Finance.
Current: The central bank is an entirely independent agency of the government.
Proposed: 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.
Article 4
Proposal[?] to change Government policy on cryptocurrency.
Old value:: The government has no policy on cryptocurrency
Current: The government has no policy on cryptocurrency
Proposed: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Article 5
Proposal[?] to change The government's policy towards daily working hours.
Old value:: The government has no policy concerning daily working hours.
Current: The government has no policy concerning daily working hours.
Proposed: The government obligates trade unions and employers to negotiate the daily number of working hours.
Article 6
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 government has no policy on the charging of interest on loans
Proposed: Banks and financial institutions charge interest on loans and are regulated
Article 7
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 10
Article 8
Proposal[?] to change The government's policy towards fireworks.
Old value:: Local governments determine fireworks laws.
Current: Only adults are allowed to purchase fireworks
Proposed: Only professionals may run licensed fireworks shows, fireworks are illegal to the general public.
Article 9
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers cannot fire workers who have gone on strike.
Current: Employers are free to fire workers who go on strike.
Proposed: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Article 10
Proposal[?] to change The government's policy towards foreign workers.
Old value:: Foreign nationals are treated the same as native citizens when searching for employment.
Current: Foreign nationals may only be employed in circumstances where the government has determined there is a labour shortage.
Proposed: Foreign nationals may only be employed in circumstances where the government has determined there is a labour shortage.
Article 11
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Article 12
Proposal[?] to change The right to gamble.
Old value:: Gambling is legal across the nation, no regulation whatsoever.
Current: Only small-scale gambling is allowed, involving limited amounts of money; casinos are illegal.
Proposed: Gambling is illegal unless taking place in a licensed casino.
Article 13
Proposal[?] to change Government policy towards labor unions.
Old value:: Trade unions may exist and worker membership is voluntary.
Current: Trade unions are illegal.
Proposed: Only government-run trade unions exist and membership in them is compulsory.
Article 14
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 0
Proposed: 15
Article 15
Proposal[?] to change The government's stance on a salary cap.
Old value:: The government has no stance on a salary cap.
Current: The government has no stance on a salary cap.
Proposed: Labour unions and organizations of employers negotiate a salary cap.
Article 16
Proposal[?] to change Government law concerning the sales of recreational drugs.
Old value:: Sales of recreational drugs is completely unregulated.
Current: Sales of recreational drugs within the nation are prohibited by the law.
Proposed: The matter of sales of recreational drugs is handled by local governments.
Article 17
Proposal[?] to change Reserve requirements for bank loans
Old value:: There are no 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.
Debate
These messages have been posted to debate on this bill:
| Date | 18:07:57, October 31, 2020 CET | From |  Solentian Initiative Party | To | Debating the Economic (Banking System) Reform |
| Message | OOC: Why have you added so many articles? It’s a bit dumb I can’t lie |
| Date | 18:31:50, November 01, 2020 CET | From | National Justice Party | To | Debating the Economic (Banking System) Reform |
| Message | dumb or not, this bill still gonna pass...dumb opposition... |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 342 | ||
| no | Total Seats: 162 | ||
| abstain |
Total Seats: 146 |
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| Random quote: "Political correctness is just tyranny with manners." - Charlton Heston |