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Bill: The Bank of Luthori Installation Act
Details
Submitted by[?]: Conservative Party (Hardliners)
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: January 5163
Description[?]:
| The Bank of Luthori, the Luthori Central Bank, and also, the symbol of the deep left-right division, the symbol of political factionism, indeed, the Bank of Luthori was created and then dissolved, then put back in place by the various governments left or right, the right wanting all the banks in our country to be private and the left wanting them to be regulated by the government, the Alliance Party is also divided on this issue, the right and the liberal center not wanting to hear about it and the left pushing to have this law proposed to Parliament, a compromise has been made by Elizabeth Holmes, who is getting closer to the left and Brandon Livingston, this law will have to contain the creation of a central bank and a total independence of the latter from the government, governmental power having already been diminished by the Wilson Administration in 5100, but this being a victory for the right, which succeeded in making that the government has little or no direct control over the Bank of Luthori and a victory for also the left who were able to pass in the Diet a law that they have long defended... |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: All banks are privately owned.
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 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.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is an entirely independent agency of the government.
Debate
These messages have been posted to debate on this bill:
| Date | 12:19:02, August 09, 2022 CET | From | Luthorian Labour 🛑 | To | Debating the The Bank of Luthori Installation Act |
| Message | Mr. Speaker, We'll be presenting new laws in relation to this but we do not support these articles. Cabinet Office Minister, Mark Tyler |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 150 | |||||
| no |
Total Seats: 164 | |||||
| abstain | Total Seats: 21 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences. " - P. J. O Rourke |