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Bill: Opening up Banking Industry & Banking Regulation
Details
Submitted by[?]: Malivia' Winz 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 5400
Description[?]:
| Bill |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
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 Policy on the charging and collection of interest on loans
Old value:: Charging interest on loans is illegal
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
Article 3
Proposal[?] to change Reserve requirements for bank loans
Old value:: There is a fractional reserve requirement for bank loans.
Current: There is a full reserve requirement for bank loans.
Proposed: There is a fractional reserve requirement for bank loans, but small banks and credit unions are exempt.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 650 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Periodically, it is a good idea to go through your nation's Treaties and arrange to withdraw from any that are unwanted. |
| Random quote: "An idealist is one who, on noticing that roses smell better than a cabbage, concludes that it will also make better soup." - H. L. Mencken |