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This bill, if passed, would be the first major reform of the Imperial Bank of AH.com following its creation in January 2009.

MP Pkmatrix (YSP) submitted the bill to the Lower House of Parliament on April 14, 2009. On April 16, Landsraad member LightInfa (FFF) expressed opposition to the bill on the grounds that it would destroy “the bank's independence and purpose.”

MP Susano (FFF) responded that he “hated the entire bank business” but also asked LightInfa if he had any proposals. ML LightInfa (FFF) suggested “reducing the Board of the Imperial Bank to three or four people” and reiterated that he did not see a “'pressing need' to reform or abolish the bank, or the 'many Members of Parliament' who oppose the bill.”

MP Susano (FFF) said: “Also, looking at the Banking act - yikes, sorry, but what catastrophe. You managed to completly fail to understand by what I meant with that we need “something to fix the currency against”. But dont worry, so did Pkmatrix, too.“ He also presented a list of items he would like to see in any future banking bill:

“1) The official currency of AH.com will be the Ianite dollar (IDL), which is to be defined as follows: One Ianite Dollar equals 1/1,000,000 of a post in the post count of the AH.com forum. The IDL is to be further divided into 100 Alternates.

2) 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.

3) 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

4) This budget may be amended by Parliament to its discretion, and the budget must receive a 2/3 majority to be passed.

5) The Imperial Bank of AH.com will be the central bank of AH.com. It will be responsible for minting and printing the Ianite Dollars according to the conditions of sections 1 and 2, and advise the President on matters of the budget.

6) The Imperial Bank of AH.com shall be led by a Director-General appointed by Parliament, who in turn shall name 4 further people to make up the bBoard of the Imperial Bank of AH.com.”

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.”

WHEREAS many Members of Parliament are opposed to the Imperial Bank of AH.com as it now stands; and

WHEREAS the Imperial Bank, 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

The Imperial Bank Board of Directors as defined in the Banking and Finances Act shall be abolished.

ARTICLE II

Section 1, Head of the Imperial Bank: The Chancellor of the Exchequer shall serve as the Head of the Imperial Bank.

Section 2, Assistant Directors: The Chancellor of the Exchequer shall have the right to appoint Assistant Directors of the Imperial Bank, should he deem it necessary to do so.

ARTICLE III

The Imperial Bank of AH.com shall henceforth be an agency under the jurisdiction of the Office of the Treasury.

Voting on this bill began in the Lower House of Parliament on April 15, 2009 and will end on April 22, 2009.

Pkmatrix (YSP), Susano (FFF), Deputy Prime Minister LordInsane (E), Prime Minister TheDarkServant (E), VulcanTrekkie45 (YSP), 09camaro (E), and maverick (E) voted AYE.

None have voted NAY.

Keenir (E), Ran Exilis (E), Haggis (E), Gladi (E), Demosthenes (E), Opposition Leader Kidblast (YSP), Nekromans (YSP), and Steffen (FFF) have not yet voted.

AH.com Politics

2008 - 2009 Legislation