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--- offtopic:banking_reform_bill [2009/04/17 15:43] – created Pkmatrix
+++ offtopic:banking_reform_bill [2019/03/29 15:13] (current) – external edit 127.0.0.1
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-===== Banking Reform bill =====
+===== Banking Reform Act =====
 ==== Overview ====
+This was the first major reform of the [[Imperial Bank of AH.com]] following its creation in January 2009.  Among the major reforms:  reorganizing and simplifying the Board of Directors, establishing a value for the Ianite Dollar, and abolishing Parliament's Banking and Finances Committee.
 ==== History ====
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 ML [[LightInfa]] (FFF) approved of Susano's suggestions and said:  "That's something certainly more reasonable than Pkmatrix's bill. I would have no problem with a bill fashioned upon these lines."
+In response to this discussion, MP [[Pkmatrix]] (YSP) temporarily withdrew the bill on April 20.  He later resubmitted an expanded draft that incorporated Susano's suggestions.
 ==== Proposed Text of Legislation ====
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 The Imperial Bank of AH.com shall henceforth be an agency under the jurisdiction of the Office of the Treasury.
+==== Final Text of Legislation ====
+Banking Reform Bill
+WHEREAS the Imperial Bank of AH.com, as organized under the Banking and Finances Act, is far too large to be at all managable by His Administratorness' Government;
+BE IT ENACTED by Act of the Parliament of Alternatehistory.com,
+ARTICLE I
+Section 1, Composition of the Board of Directors:  The Imperial Bank Board of Directors as defined in Section 3 of the Banking and Finances Act shall be abolished.  The Imperial Bank Board of Directors shall thus be redefinied as a body of no less than three persons, consisting of the Chancellor of the Exchequer, the Chief Director of the Imperial Bank, and at least one Assistant Director of the Imperial Bank.
+Section 2, Appointment of the Board of Directors:  The President of AH.com shall retain the right to appoint a Chancellor of the Exchequer to head the Office of the Treasury.
+The Chancellor of the Exchequer, after consulting the President of AH.com, shall nominate one person to be the Chief Director of the Imperial Bank.  This nomination must be approved by a simple majority of the Lower House of Parliament.  Should Parliament not vote to confirm the appointment of the Chief Director within one week, the appointment shall be considered confirmed.
+The Chief Director shall have the right to appoint an Assistant Director to the Board of Directors.  Should he or she deem it necessary, the Chief Director may appoint more than one Assistant Director.
+Section 3, Responsibilities of the Board of Directors:  It shall be the responsibility of the Imperial Bank Board of Directors is to record the monthly and annual revenues of the Imperial Republic.  This is to be done by measuring the monthly and yearly raises of postcount on AH.com and multiplying that number of one million Ianite Dollars.
+ARTICLE II
+Section 1, Value of the IDL:  One Ianite Dollar shall be defined as one post on the AH.com Forums equaling one million Ianite Dollars.
+Section 2, Revenue of the Government:  The monthly revenue of the government of AH.com will hence be this month's raise in the postcount times 1,000,000 in Ianite Dollars. This raise is to be measured by the Members of the Board of the Imperial Bank of AH.com. The 12 monthly revenues of the fiscal year of the Imperial Repubic of AH.com are the annual revenue of the Imperial Republic which can be used for its budget.
+ARTICLE III
+Section 1, Submission of the Budget:  Each year, the President must submit a proposal for a budget to Parliament, based on estimations of revenue for the next fiscal year and the needs of the ministries, territories and other institutions in the next fiscal year, and based on the advice of the Board of the Imperial Bank of AH.com
+Section 2, Approval of the Budget:  This budget may be amended by Parliament to its discretion, and must be approved by a simple majority vote of the Lower House of Parliament.  Should Parliament not vote to approve the budget within one week, the budget shall be considered approved.
+Section 3, Definition of the Fiscal Year:  The Fiscal Year shall be scheduled to begin on July 1 and end on June 30 of each calendar year.
+Section 4, Beginning of Effects:  The Imperial Bank of AH.com will be required to begin operations at the start of the next Fiscal Year on July 1, 2009.
+ARTICLE IV
+The Banking and Finances Committee shall hereby be permanently dissolved.
 ==== Results ====
-Voting on this bill began in the Lower House of Parliament on April 15, 2009 and will end on April 22, 2009.
+**First Round of Voting**
-[[Pkmatrix]] (YSP), [[Susano]] (FFF), [[ahcom deputypm|Deputy Prime Minister]] [[LordInsane]] (E), [[ahcom_pm|Prime Minister]] [[TheDarkServant]] (E),  [[VulcanTrekkie45]] (YSP), [[09camaro]] (E), and [[maverick]] (E) voted AYE.
+Initial voting on this bill began in the Lower House of Parliament on April 15, 2009 and ended with the bill's temporary withdrawal on April 20, 2009.
-None have voted NAY.
+| Aye | Nay | Abstain | No Vote |
+| [[Pkmatrix]] (YSP) | | | [[Keenir]] (E) |
+| [[Susano]] (FFF) | | | [[Ran Exilis]] (E) |
+| [[ahcom deputypm|Deputy Prime Minister]] [[LordInsane]] (E) | | | [[Haggis]] (E) |
+| [[ahcom_pm|Prime Minister]] [[TheDarkServant]] (E) | | | [[Gladi]] (E) |
+| [[VulcanTrekkie45]] (YSP) | | | [[Demosthenes]] (E) |
+| [[09camaro]] (E) | | | Opposition Leader [[Kidblast]] (YSP) |
+| [[maverick]] (E) | | | [[Nekromans]] (YSP) |
+| | | | [[Steffen]] (FFF) |
+| 7 | 0 | 0 | 8 |
+**Second Round of Voting**
+A second round of voting began in the Lower House of Parliament on May 22, 2009 and ended on May 29, 2009.
+| Aye | Nay | Abstain | No Vote |
+| [[ahcom_pm|Prime Minister]] [[LordInsane]] (E) | N/A | N/A | N/A |
+| [[Pkmatrix]] (YSP) | N/A | N/A | N/A |
+| [[09camaro]] (E) | N/A | N/A | N/A |
+| [[Susano]] (FFF) | N/A | N/A | [[ahcom deputypm|Deputy Prime Minister]] [[maverick]] (E) |
+| [[TheDarkServant]] (FFBF) | N/A | N/A | [[Steffen]] (FFF) |
+| [[VulcanTrekkie45]] (YSP) | N/A | N/A | [[Keenir]] (E) |
+| N/A | N/A | N/A | [[Ran Exilis]] (E) |
+| N/A | N/A | N/A | [[Haggis]] (E) |
+| N/A | N/A | N/A | [[Demosthenes]] (E) |
+| N/A | N/A | N/A | Opposition Leader [[Kidblast]] (YSP) |
+| N/A | N/A | N/A | [[Nekromans]] (YSP) |
+| N/A | N/A | N/A | [[Gladi]] (E) |
+| 6 | 0 | 0 | 9 |
+The bill was passed by the Lower House of Parliament on May 29, 2009 via the expedited passage rules outlined in Article I of the [[Legislative Procedures bill|Legislative Procedures Act]] by a vote of 6-0-0, with 9 MPs not voting.  The [[Landsraad of AH.com]] did not mount a challenge, and was signed by President [[Sargon]] on August 10, 2009.
 ==== See Also ====
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 [[2008 - 2009 Legislation]]
-[[Keenir]] (E), [[Ran Exilis]] (E), [[Haggis]] (E), [[Gladi]] (E), [[Demosthenes]] (E), Opposition Leader [[Kidblast]] (YSP), [[Nekromans]] (YSP), and [[Steffen]] (FFF) have not yet voted.