With the Banking and Finances Act having not yet been passed, His Administratorness' Government fell into a deeper economic crisis. In an attempt to stave off disaster, Prime Minister Demosthenes proposed appropriating $1.5 billion from a secret “Special Ah.com Savings Account” for use by the government until the the formal formation of the Imperial Bank of AH.com. Not only did this bill ultimately fail, it could be seen as one of the causes of the Crisis of 2008.
Prime Minister Demosthenes (E) submitted the bill to Parliament on August 31, 2008. After LightInfa (E) expressed support, the Prime Minister closed debate on this bill and urged MPs to vote. LightInfa (E) and 09camaro (E} immediately opposed such a move, stating: “I do not suggest closing debate this quickly on the act. It was only submitted today, and perhaps we can vote and debate in parallel?” Demosthenes (E) relented, but asked that any suggested amendments be privately sent to him first before submitted to Parliament.
Wheras - Ah.com is at a lost for direct revenue for Ministerial and Department (and legislative) budgets
Wheras - this is needed to have a performing functional government
Resolved as follows:
1) The Special Ah.com Savings Account first started by the Board secretly in 2004 shall now be opened
2) The amount from the Account being 1.5 Billion American Dollars, the money is now used for the government
3) When the money runs out, it shall be the duty of an Appointed Executive Economic Officer to report to Parliament as to the government's bankruptcy; at such time, Parliament will determine the appropriate course of action.
Voting on this bill began on August 31, 2008.
NONE voted against.
Ran Exilis (E), Haggis (E), Gladi (E), LordInsane (E), Keenir (E), Opposition Leader Kidblast (YSP), Nekromans (YSP), VulcanTrekkie45 (YSP), Pkmatrix (YSP), Susano (FFF), and Steffen (FFF) did not vote.
In accordance with Article III of the Legislative Procedures Act, voting expired on September 7, 2008 and, having been unable to gain enough support, this bill failed to pass.