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Bill: Economic Freedom Act.
Details
Submitted by[?]: True Conservatism 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: June 5448
Description[?]:
| Restoring Economic Freedom In Beluzia |
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: All banks are privately owned.
Article 2
Proposal[?] to change Closed shops are places of employment where only members of a specific union are allowed to work; union shops can hire non-members, but these have to become members after a certain time; agency shops can hire non-members, who have to pay a fee to cover the unions costs. All three are erected by union agreements. (Only valid if unions are legal)
Old value:: Union shops and agency shops are legal, but closed shops are not.
Current: Union shops and agency shops are legal, but closed shops are not.
Proposed: This issue is decided by local governments.
Article 3
Proposal[?] to change Energy regulation.
Old value:: Energy is provided by private companies but the prices they can charge are regulated.
Current: Energy is provided by nationalised companies.
Proposed: Energy is provided by private companies which are not subject to any special regulations.
Article 4
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers cannot fire workers who have gone on strike.
Current: Employers cannot fire workers who have gone on strike.
Proposed: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Article 5
Proposal[?] to change The government's policy towards foreign workers.
Old value:: Foreign nationals are treated the same as native citizens when searching for employment.
Current: Foreign nationals may seek employment but with inferior legal employment protections and benefits to native citizens.
Proposed: Foreign nationals may only be employed in circumstances where the government has determined there is a labour shortage.
Article 6
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors may freely invest in national companies.
Article 7
Proposal[?] to change The right to gamble.
Old value:: Gambling is illegal unless taking place in a licensed casino.
Current: Gambling is illegal unless taking place in a licensed casino.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
Article 8
Proposal[?] to change Policy on employee representation on corporate boards
Old value:: One third of corporate boards must consist of employees
Current: One third of corporate boards must consist of employees
Proposed: No employee representation is required on corporate boards
Article 9
Proposal[?] to change Policy concerning industrial hemp.
Old value:: Production of industrial hemp is illegal, sale of foreign hemp products is legal.
Current: Only regulated agribusinesses may produce industrial hemp.
Proposed: There are no regulations on industrial hemp.
Article 10
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Current: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Proposed: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Article 11
Proposal[?] to change Policy on monopolies (this general law is superceded by other laws relating to specific parts of the economy).
Old value:: Monopolies are forbidden, and are actively broken up.
Current: Monopolies are forbidden, and are actively broken up.
Proposed: Monopolies are only actively enforced in specific sectors of the economy.
Article 12
Proposal[?] to change The government's policy concerning phone services.
Old value:: The state subsidizes the phone service of low income families, and regulates the rates providers can charge for phone service.
Current: The state subsidizes the phone service of low income families, and regulates the rates providers can charge for phone service.
Proposed: There are no regulations on phone service.
Article 13
Proposal[?] to change Reserve requirements for bank loans
Old value:: There is a fractional reserve requirement for bank loans, but small banks and credit unions are exempt.
Current: There is a fractional reserve requirement for bank loans.
Proposed: There are no reserve requirements for bank loans.
Article 14
Proposal[?] to change Secondary strike action.
Old value:: Any trade union can go on a sympathy strike in support of other striking workers.
Current: Any trade union can go on a sympathy strike in support of other striking workers.
Proposed: Secondary strike action is illegal. Workers and unions can only go on strike for their own pay and conditions.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 156 | ||
| no |
Total Seats: 116 | ||
| abstain | Total Seats: 228 |
| Random fact: The majority of nations in Particracy are "Culturally Protected" with an established cultural background. Only the "Culturally Open" nations are not bound by the rules surrounding culture. The Cultural Protocols Index should be consulted for more information about the cultural situation of each nation. |
| Random quote: "Africa is poor because its investors and its creditors are unspeakably rich" - Naomi Klein |