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Bill: Monetary Stability Act
Details
Submitted by[?]: Farming and Labor Alliance (FLA)
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: August 4844
Description[?]:
| Reforming the currency and monetary system as well as financial markets to stabilize commodity prices for farmers and help the working class. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: All banks are privately owned.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 2
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 central bank is underneath the direct oversight of the Ministry of Finance.
Proposed: The central bank is underneath the direct oversight of the Ministry of Finance.
Article 3
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 4
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Proposed: Certain industries are owned by the state, all others are under private ownership.
Article 5
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 kept within a defined band of fluctuation.
Proposed: The exchange rate of the national currency is fixed by the government.
Article 6
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: Foreign investors need to obtain government approval for all investments in national companies.
Article 7
Proposal[?] to change Reserve requirements for bank loans
Old value:: There is a fractional reserve requirement for bank loans.
Current: There is a fractional 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.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes | Total Seats: 221 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 214 |
| Random fact: Real life-life nationalities, cultures or ethnicities should not be referenced in Particracy (eg. "German"). |
| Random quote: "The word 'politics' is derived from the word 'poly', meaning 'many', and the word 'ticks', meaning 'blood sucking parasites.'" - Larry Hardiman |