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Bill: Banking System Act
Details
Submitted by[?]: Labor 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: February 5421
Description[?]:
| Banking System Act |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates large, national banks, but small community based private banks are allowed.
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:: The government has no policy on the charging of interest on loans
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: The central bank determines the policy on charging interest on loans (if one exists)
Article 3
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 421 | |||
| no |
Total Seats: 329 | |||
| abstain | Total Seats: 0 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "It is better to be feared than loved, if you cannot be both." - Niccolo Machiavelli |