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Bill: Investment Oversight Act
Details
Submitted by[?]: Iqembu Sokusebenzisana Yeningi
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: March 2283
Description[?]:
| A bill to apply government scrutiny to foreign investment in Ikradoni companies. |
Proposals
Article 1
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 freely invest in national companies.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
Debate
These messages have been posted to debate on this bill:
| Date | 04:54:53, September 08, 2006 CET | From |  Lyika ati Isọdọtun | To | Debating the Investment Oversight Act |
| Message | This is unnecessarily restrictive, and we are surprised to see the IPC advocating such a policy. |
| Date | 18:07:54, September 11, 2006 CET | From | Iqembu Sokusebenzisana Yeningi | To | Debating the Investment Oversight Act |
| Message | A hard cap of 50% is arbitrary and makes no sense. We should be scrutinizing all foreign investments, allowing those that are reasonable and pose no threat to the sovereignty of our nation. |
| Date | 18:20:01, September 11, 2006 CET | From | Lyika ati Isọdọtun | To | Debating the Investment Oversight Act |
| Message | Of course it makes sense. If a foreign investor acquires 51% of an Ikradonian company, he or she would essentially control it. Our current policy ensures that Ikradonian companies remain under control of Ikradonis, but it allows for the energizing influence of foreign investment as well. The proposed changes risk slowing our economy by placing unnecessary bureaucratic entanglements in the way of foreign investors. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 230 | ||
| no |
Total Seats: 109 | ||
| abstain |
Total Seats: 260 |
| Random fact: In Culturally Protected nations, it is the responsibility of players to ensure the candidate boxes on their Party Overview screens are filled in with appropriate names. If a player is allotted seats in a Cabinet bill and has not filled in names for the relevant candidate position, then the program will automatically fill in the positions with names which might not necessarily be appropriate for the Cultural Protocols. |
| Random quote: "Poetry is about the grief; politics is about the grievance." - Robert Frost |