We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Regulations on the charging and collection of interests on loans Act
Details
Submitted by[?]: Republican Party of Likatonia
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 5385
Description[?]:
| In absence of a functioning central bank, the government is inclined to delegate the management thereof to private and communal banking institutions reserving in a natural capacity the right to regulate and place at cap on the charging and collection of interest on loans so as to address and mitigate potential sources for predatory behavior and irregularities that may threaten the common man. |
Proposals
Article 1
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: The central bank determines the policy on charging interest on loans (if one exists)
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: Banks and financial institutions charge interest on loans and are regulated
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 387 | ||
| no |
Total Seats: 363 | ||
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "When women are depressed, they either eat or go shopping. Men invade another country. It's a whole different way of thinking." - Elaine Boosler |