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Bill: GOV-01 "Economic Recovery Act" (4906)
Details
Submitted by[?]: Volkspartij van Nationale Unie
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 4908
Description[?]:
| Upon the passing of this bill the following policies regarding the economy will take effect, as agreed upon in the coalition agreement. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 0
Proposed: 9
Article 2
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Current: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Proposed: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Article 3
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 unregulated
Current: Banks and financial institutions charge interest on loans and are unregulated
Proposed: Banks and financial institutions charge interest on loans and are regulated
Article 4
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
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 allowed to float, but the government is permitted to intervene when necessary.
Article 5
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: There is no policy on monopolies, they are unregulated.
Current: Monopolies are forbidden, and are actively broken up.
Proposed: Monopolies are only forbidden in specific sectors of the economy.
Article 6
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 7
Proposal[?] to change A law on employers' obligations with regards to social security contributions.
Old value:: Employers are not required to cover payroll contributions.
Current: All enterprises are required to cover basic payroll contributions for their employees.
Proposed: Employer payroll contributions are a matter for local governments.
Debate
These messages have been posted to debate on this bill:
| Date | 13:37:10, March 15, 2021 CET | From | Nationaal Groen | To | Debating the GOV-01 "Economic Recovery Act" (4906) |
| Message | Voorzitter, Article 1: we already have a deficit why a tax break for the cooperations and how is the deficit going to be solved. Article 2: Why does the government think it is needed to provide a cryptocurrency (somthing that is used to bet against traditional currency like the DAR), and how is this currency going to work? Article 6: We already showed ower concerns wtih this proposal, we won't get as much investments as there are now and our economy will take a hit. Sir West, Representative of GN, spokesperson finance. |
| Date | 17:34:01, March 15, 2021 CET | From | Reformfront/Hervormingsfront (RVV-HVV) | To | Debating the GOV-01 "Economic Recovery Act" (4906) |
| Message | Voorzitter, The RVV-HVV supports or is indifferent to a majority of this bill. We would request that the article on employer payroll obligations be amended to make it national law to obligate employers to contribute to the welfare and social security of their workers. It ought to be a matter of the Confederate government to ensure the welfare of its citizens, and not allow the possibility of the State and Republic to neglect our countrymen. Karl Nifterik Speaker for the RVV-HVV |
| Date | 18:05:43, March 15, 2021 CET | From | Volkspartij van Nationale Unie | To | Debating the GOV-01 "Economic Recovery Act" (4906) |
| Message | Voorzitter, Unfortunately, as per document of confederation, we can not ammend that specific proposal. The document of confederacy obligates us to hand as much authority to Narikaton and Darnussia as possible, therefor we cannot give the confederate government more power as it would be against our founding document. We hope the Reformfront would still support these proposals as we are confident they are in line with the government's coalition agreement. Marc Federer, SPA Parliamentary Leader |
| Date | 18:11:51, March 15, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the GOV-01 "Economic Recovery Act" (4906) |
| Message | Voorzitter, We do not support this. This will not help recover the economy. Mrs Ellen Hoffman, Representative of the Fritzite League. |
| Date | 19:18:48, March 15, 2021 CET | From | Nationaal Groen | To | Debating the GOV-01 "Economic Recovery Act" (4906) |
| Message | Voorzitter, We ask the SPA leader again: Article 1: we already have a deficit why a tax break for the cooperations and how is the deficit going to be solved. Article 2: Why does the government think it is needed to provide a cryptocurrency (somthing that is used to bet against traditional currency like the DAR), and how is this currency going to work? Sir West, Representative of NG spokesperson finance. |
| Date | 20:47:12, March 15, 2021 CET | From | Die Fritzite League (DFL) | To | Debating the GOV-01 "Economic Recovery Act" (4906) |
| Message | Voorzitter, A n economy needs money, which when it is going bad comes from the outside by limiting what foreigners can invest, might turn many away and lose us valuable money. Mrs Ellen Hoffman, Representative of the Fritzite League. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 105 | ||||
| no |
Total Seats: 70 | ||||
| abstain | Total Seats: 0 |
| Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: "In politics, madame, you need two things: friends, but above all an enemy." - Brian Mulroney |