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Bill: Bill NP-121: Central Bank Management Act
Details
Submitted by[?]: National Progress Party
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: September 5260
Description[?]:
| (This bill was proposed by the minsiter of Finance Alex Scott) The central bank is an institution of the government, its authority comes from the government. As such, it would be normal for the duly elected government to have a say on it's decision. This is why we propose for the executive branch to have the capacity to overrule or impose decisions decisions over the Central Bank. Provision; Article 1) Upon the passage of this bill, the Prime Minister shall have the power to overrule any decision of the executive board of the central bank or impose any decision to it. Article 1)If it deems it necessary, the National Senate shall have the power to render void any decision of the Prime Minister as detailed in the article 1 by a simple majority vote |
Proposals
Article 1
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 underneath the direct oversight of the head of government.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 279 | |
| no | Total Seats: 226 | |
| abstain | Total Seats: 0 |
| Random fact: In cases where a party has no seat, the default presumption should be that the party is able to contribute to debates in the legislature due to one of its members winning a seat at a by-election. However, players may collectively improvise arrangements of their own to provide a satisfying explanation for how parties with no seats in the legislature can speak and vote there. |
| Random quote: "A people that values its privileges above its principles soon loses both." - Dwight D. Eisenhower |