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Bill: Local Investment Act
Details
Submitted by[?]: Progressive Conservatives
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: July 2340
Description[?]:
| 22.61% Foreign investors may freely invest in national companies. 12.20% Foreign investors may invest in national companies, but may not get a majority share. 14.16% Foreign investors need to obtain government approval for all investments in national companies. 18.25% Foreign investors are not allowed to invest in national companies. 32.78% Local governments regulate foreign investments. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors are not allowed to invest in national companies.
Current: Foreign investors may freely invest in national companies.
Proposed: Local governments regulate foreign investments.
Debate
These messages have been posted to debate on this bill:
| Date | 00:38:29, January 06, 2007 CET | From |  Orange Party | To | Debating the Local Investment Act |
| Message | Again, no. |
| Date | 00:42:07, January 06, 2007 CET | From | Orange Party | To | Debating the Local Investment Act |
| Message | and that is simply because, it's 'National Companies', not 'Local Companies'. What this will cause is communities to fall and rise. Say Locality A allows ANY sort of investor. Then Company A, which is located in Locality B will move to Locality A, which then causes people in Locatility B to lose jobs. Also, when an investement is allowed in one locality, that means that the branches of that company in other local areas, are still being invested in by foriegn interests. I'm sorry, but there is no way, therefore, to have ANY sort of market control on who invests, and who it affects. Think about it. If you want companies running everywhere, leaving big empty warehouse scars on a town, and unenforceable investments, then vote 'Yes'. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 98 | |||
| no |
Total Seats: 95 | |||
| abstain |
Total Seats: 57 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "Remember that government doesn't earn one single dollar it spends. In order for you to get money from the government, that money must first be taken from somebody else." - Governor Jesse Ventura |