Draft Mediation Bill “On Ascertaining the Liquidity Crisis”
Authors:
- Lead Representative of the Plenary Committee: Claire Renske (leader of ADLA)
- Commission for Legislative Consultation, Deliberation & Excogitation: Jonas Val (leader of UML)
Independent Agency for Documentation:Department of OPAL
Prepared by: Ayala Moran
Lower House Support Declared Unconditionally: 213
Lower House Substantive Support Declared: 33
Lower House Active Objectifying Declares: N/A
Lower House Passive Objectifying Declares: 16
Upper House Voting Full Support: 202
Upper House Voting Substantive Support with Formal Disagreements: 271
Upper House Voting Against: 140
Date for Final Vote in Upper House: 02.17.2024.
Date for Final Vote in Lower House: 02.19.2024.
Date Bill is enforced: 02.15.2024. (full: 02.20.2024-08.20.2024)
Liquidizing “static” capital & assets:
- All foreclosed assets are to be subject to inventory stock re-management in the form of creating self-billing invoices.
- Inventory equipment, which is not in active production use, must be listed as as a leasing offering publicly, auctioned & pay-processed through EDI invoicing.
- Rental, Estate and Production Factor properties which are not in active production are to undergo re-management and restructuralisation by issuing of statement-bond Vouchers Internally (to all employees); Which are the free to manage the physical asset, and in the case of internal(trade, domestically) transactions through the use of Evaluated Receipt Settlements.
- The Government will issue tax exemptions for entities proportional to their amount of self-created free cash flows.
Confident Volatility Policy:
- The National Debt ceiling is temporarily removed from 02.20.-08.20.
- All domestic private or cooperative/public Entity debt accumulated from February 20. for 6 months will be covered by the Government in case of failure to meet investment returns forecasts.
- Anti-trust law exemptions are permanently lifted coming February 20.
Credit Incentivising Credits:
- All operating assets may request STATE-GUARANTEED-NOTICES (HEREBY SGNs), wherein the government will guarantee pro forma payment in foreign transactions in the events of credit or debit memorandum with a domestic private or cooperative/public Entity.
- SGN’s will begin issuing on February 20. with a 6-month timesheet. In the event that the operating asset relies on SGN’s for its non-flow costs, the ownership of said asset is transferred to a government-issued official for Administration (in financial terms), upon which it becomes public property.
- THE CENTRAL BANK is hereby obliged to issue its interest rate for the ongoing financial year not exceeding 2.5%.
- ALL COMMERCIAL BANKS are incentivised to dump their interest rates to future creditors and to expand its crediting to include higher-risk crediting ratings; In the form of proportional higher tax returns and exemptions to the higher risk and lower interest rates.
Free Float:
- THE ROYAL MINT is to begin issuing sovereign bonds without peg regulations on the foreign exchange market coming February 20, ending within 6 months.
- After free floating the currency exchange, The Royal Mint is to assess the real value of the Nasphiliti Pacifican Pound Sterling by its median over-time exchange rate value to a basket of all monetary units used in those transactions and the Pacifican Dollar (at a rate of basket:Pacifican Dollar of 50:50).