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Bill: Bank Reserve Act
Details
Submitted by[?]: Die Fritzite League (DFL)
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: November 4900
Description[?]:
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Proposals
Article 1
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.
Proposed: Local governments decide policies on bank loan reserve requirements.
Debate
These messages have been posted to debate on this bill:
| Date | 17:09:02, February 28, 2021 CET | From | Nationaal Groen | To | Debating the Bank Reserve Act |
| Message | Voorzitter, We think this is a national responsebillity we think this needs to be regulated by the national government. But we think this must be regulated. Sir West, Representative of GN. |
| Date | 18:02:12, February 28, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the Bank Reserve Act |
| Message | Voorzitter, This would at least be a step in the right direction. Madam Vieers, Representative for the Fritzite League |
| Date | 18:04:52, February 28, 2021 CET | From | Nationaal Groen | To | Debating the Bank Reserve Act |
| Message | Voorzitter, we propose to change the bill directly to the right step. Sir West, Representative of GN. |
| Date | 18:32:17, February 28, 2021 CET | From | Nationaal Groen | To | Debating the Bank Reserve Act |
| Message | Voorzitter, We propose too change this bill into: There is a fractional reserve requirement for bank loans. Sir West, Representative of GN. |
| Date | 19:48:24, February 28, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the Bank Reserve Act |
| Message | OOC this is where I think some confusion will arise. By local governments do we mean the two "countries" or provincial and mayoral governments |
| Date | 20:25:52, February 28, 2021 CET | From | Nationaal Groen | To | Debating the Bank Reserve Act |
| Message | OOC: I mean local (first the 2 nations, if they decide local again provinces etc.), |
| Date | 11:05:17, March 02, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the Bank Reserve Act |
| Message | OOC ok for the clarification. The point of this law is so each country has control over bank reserves in it's borders |
| Date | 12:37:03, March 02, 2021 CET | From | Bundesunion der Hosiandemokraten | To | Debating the Bank Reserve Act |
| Message | Voorzitter, We support this proposal as its in line with the document of confederacy and our intend of keeping Narikaton and Darnussia as self governing as they can Alex Kiel, CDA Leader |
| Date | 13:23:24, March 02, 2021 CET | From | Nationaal Groen | To | Debating the Bank Reserve Act |
| Message | Voorziter, It doensn't, the financial system is in hand of the confederacy, we control the menetary policy and we are responsible if banks collabse and the economic system fails. We urge CDA to vote against. Sir West, Minister of finance. |
| Date | 13:24:30, March 02, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the Bank Reserve Act |
| Message | OOC is monetary policy actually national or local? |
| Date | 13:30:03, March 02, 2021 CET | From | Nationaal Groen | To | Debating the Bank Reserve Act |
| Message | OOC we have 1 currency so national. |
| Date | 13:34:56, March 02, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the Bank Reserve Act |
| Message | Voorzitter, We wish this to be in the hands of local governments due to the two constituent countries having different economic performances, this would allow each of the countries to set loans reserves according to their economic situation. Madam Vieers, Representative for the Fritzite League |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 94 | ||
| no | Total Seats: 81 | ||
| abstain | Total Seats: 0 |
| Random fact: RP laws follow the same passing rules as in-game variable laws. Laws that are not of a constitutional nature require a simple majority "Yes" vote from active parties currently holding seats. Laws that are of a constitutional nature require a 2/3 majority "Yes" vote from active parties currently holding seats. RP laws may be abolished a simple majority vote this applies to ANY RP law. |
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