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Bill: Federal Reserve Act 5117
Details
Submitted by[?]: Nationalist Party of Likatonia
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: April 5118
Description[?]:
| I move to create an independent Federal Reserve to assist with stabilizing the nation's rising inflation. |
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 a central bank and all other banks are private.
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 government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
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.
Debate
These messages have been posted to debate on this bill:
| Date | 00:45:36, May 12, 2022 CET | From | Likatonian Freedom Party | To | Debating the Federal Reserve Act 5117 |
| Message | Central banks increase inflation, and give the government an easy source of cash to pay off their debt. No. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 219 | |||||
| no |
Total Seats: 281 | |||||
| abstain | Total Seats: 0 |
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| Random quote: "The trouble with practical jokes is that very often they get elected." - Will Rogers |