Ministry of Finance Transaction Control Act
Purpose In the wake of recent controversies, connected to the Ministry of Finance, this act is proposed, to ensure no large loans/donations are given out from any Organization belonging to the government of eCanada, without congressional approval.
Article I - Transactions Requiring Approval The transactions from any Organization belonging to the government of eCanada that would require Congressional Approval are: (i) Any transactions worth over 25 gold. (ii) Any transactions to organizations directly connected any Organization belonging to the government of eCanada and to their citizen accounts, regardless of their worth. (iii) Monetary market transactions are excluded.
Article II - Method of Approving Transactions To approve the transaction: (i) A topic must be created in Congress, by the Minister of Finance or his Deputy, explaining the nature of the transaction. (ii) A 24 hour debate must be held. (iii) After the debate, a 24 hour vote must be held, with the Transaction being approved by 50% + 1 vote. (iv) In case of emergency(applicable only if there's a direct endangerment of the funds, or a emergency need in government controlled organizations), the Minister of Finance or his Deputy can inform congress that such donation has been made post factum, with the rest of the procedure held in accordance II(ii,iii). In case congress doesn't approve the transaction, the person/persons involved face repercussions listed in Article III.
Article III - Repercussions of Violation If a person with access to the Ministry of Finance violates this act, the repercussions are as follows: (i) A congressional censure of the person/persons involved. (ii) A court case against the person/persons involved, brought forth by the Attorney General. (iii) A motion to the president, for the involved Cabinet member/members to be replaced. (iv) A motion to impeach the president, if he is involved.
Article IV - Ratification This act shall be ratified by congress: (i) After a 24 hour debate on the matter. (ii) After a 24 hour vote with 50% + 1 of votes approving the act.
Article V - Amendment This act may be amended: (i) After a 24 hour debate on the matter. (ii) After a 24 hour vote with 66% of votes approving the amendment.
Article VI - Cancellation This act may be canceled: (i) After a 24 hour debate on the matter. (ii) After a 24 hour vote, with 66% of votes approving cancellation.