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Bill: Economic Reform Act
Details
Submitted by[?]: Unsubmissive Beluzian Workers Party
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: November 4921
Description[?]:
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Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates and owns all banks.
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 head of state.
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 3
Proposal[?] to change Collective bargaining
Old value:: Local governments decide whether to allow collective bargaining
Current: Public and private sector employees have the right to collectively bargain
Proposed: Public and private sector employees have the right to collectively bargain
Article 4
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 10
Proposed: 30
Article 5
Proposal[?] to change Government policy on cryptocurrency.
Old value:: The government has no policy on cryptocurrency
Current: Cryptocurrency is legal and regulated, select private institutions can issue cryptocurrency.
Proposed: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Article 6
Proposal[?] to change The government's policy towards daily working hours.
Old value:: The government obligates trade unions and employers to negotiate the daily number of working hours.
Current: The government obligates trade unions and employers to negotiate the daily number of working hours.
Proposed: Daily working hours are regulated by the government.
Article 7
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: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: The central bank determines the policy on charging interest on loans (if one exists)
Article 8
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies which are not subject to any special regulations.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by nationalised companies.
Article 9
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 0
Proposed: 0
Article 10
Proposal[?] to change The government's policy towards fireworks.
Old value:: Local governments determine fireworks laws.
Current: Local governments determine fireworks laws.
Proposed: Professionals may run licensed fireworks shows, small fireworks are legal to the general public.
Article 11
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers are free to fire workers who go on strike.
Current: Employers cannot fire workers who have gone on strike.
Proposed: Employers cannot fire workers who have gone on strike.
Article 12
Proposal[?] to change The government's policy towards foreign workers.
Old value:: Local governments determine the law with regards to the employment of foreign nationals.
Current: Foreign nationals may only be employed in circumstances where the government has determined there is a labour shortage.
Proposed: Foreign nationals are treated the same as native citizens when searching for employment.
Article 13
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
Article 14
Proposal[?] to change Policy on employee representation on corporate boards
Old value:: No employee representation is required on corporate boards
Current: One third of corporate boards must consist of employees
Proposed: Two thirds of corporate boards must consist of employees
Article 15
Proposal[?] to change Policy concerning industrial hemp.
Old value:: Industrial hemp is illegal.
Current: There are no regulations on industrial hemp.
Proposed: Only regulated agribusinesses may produce industrial hemp.
Article 16
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: Certain industries are owned by the state, all others are under private ownership.
Proposed: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Debate
These messages have been posted to debate on this bill:
| Date | 02:21:07, April 14, 2021 CET | From | Alliance for the Republic | To | Debating the Economic Reform Act |
| Message | Greetings, The Beluzian Republican Party opposes this bill. It will severely harm the economy by enchaining businesses again. In addition, this nationalization of nearly the entire industry is going to cost a lot of jobs. The Beluzian Party hopes that we can perhaps come to a consensus about how the Beluzian economy should be organized. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 251 | |||
| no | Total Seats: 269 | |||
| abstain | Total Seats: 130 |
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