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Bill: Nationalisation of the Banking Sector
Details
Submitted by[?]: Communist Party of Pontesi
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: April 5209
Description[?]:
| Banks are an important part of a country's economy, they are centres of finance. Therefore these institutions cannot continue to be managed by private interests and capital. All banks will be nationalised and centralised under the newly formed State Bank of the Republic of Pontesi, this central bank will be managed by the Ministry of Finance. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates large, national banks, but small community based private banks are allowed.
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 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 underneath the direct oversight of the head of state.
Proposed: The central bank is underneath the direct oversight of the Ministry of Finance.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 250 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Google Translate can help you with those language translations: https://translate.google.com/ |
| Random quote: "The key to understanding the American system is to imagine that you have the power to make nearly any law you want, but your worst enemy will be the one to enforce it." - Rick Cook |