Difference between revisions of "Ministry of Finance Transaction Control Act"

From eRepublik Official Wiki
Jump to: navigation, search
(formatting needed)
(styling)
 
Line 1: Line 1:
−
{{Formatting}}
+
[[File:Flag-Canada.jpg|250px|center]]
−
{{Ugly}}
+
  
−
Purpose
+
'''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.
  
−
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 {{Gold|25}}.
 +
::(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 I - Transactions Requiring Approval
+
'''Article II - Method of Approving Transactions'''
−
The transactions from any Organization belonging to the government of eCanada that would require Congressional Approval are:
+
: To approve the transaction:
−
(i) Any transactions worth over 25 gold.
+
:: (i) A topic must be created in Congress, by the Minister of Finance or his Deputy, explaining the nature of the transaction.
−
(ii) Any transactions to organizations directly connected any Organization belonging to the government of eCanada and to their citizen accounts, regardless of their worth.
+
:: (ii) A 24 hour debate must be held.
−
(iii) Monetary market transactions are excluded.
+
:: (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 an 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 that Congress doesn't approve the transaction, the person/persons involved face repercussions listed in Article III.
  
−
Article II - Method of Approving Transactions
+
'''Article III - Repercussions of Violation'''
−
To approve the transaction:
+
: If a person with access to the Ministry of Finance violates this act, the repercussions are as follows:
−
(i) A topic must be created in Congress, by the Minister of Finance or his Deputy, explaining the nature of the transaction.
+
:: (i) A congressional censure of the person/persons involved.
−
(ii) A 24 hour debate must be held.
+
:: (ii) A court case against the person/persons involved, brought forth by the Attorney General.
−
(iii) After the debate, a 24 hour vote must be held, with the Transaction being approved by 50% + 1 vote.
+
:: (iii) A motion to the president, for the involved Cabinet member/members to be replaced.
−
(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.
+
:: (iv) A motion to impeach the president, if he is involved.
  
−
Article III - Repercussions of Violation
+
'''Article IV - Ratification'''
−
If a person with access to the Ministry of Finance violates this act, the repercussions are as follows:
+
: This act shall be ratified by Congress:
−
(i) A congressional censure of the person/persons involved.
+
:: (i) After a 24 hour debate on the matter.
−
(ii) A court case against the person/persons involved, brought forth by the Attorney General.
+
:: (ii) After a 24 hour vote with 50% + 1 of votes approving the act.
−
(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
+
'''Article V - Amendment'''
−
This act shall be ratified by congress:
+
: This act may be amended:
−
(i) After a 24 hour debate on the matter.
+
:: (i) After a 24 hour debate on the matter.
−
(ii) After a 24 hour vote with 50% + 1 of votes approving the act.
+
:: (ii) After a 24 hour vote with 66% of votes approving the amendment.
  
−
Article V - Amendment
+
'''Article VI - Cancellation'''
−
This act may be amended:
+
: This act may be cancelled:
−
(i) After a 24 hour debate on the matter.
+
:: (i) After a 24 hour debate on the matter.
−
(ii) After a 24 hour vote with 66% of votes approving the amendment.
+
:: (ii) After a 24 hour vote, with 66% of votes approving the cancellation.
−
 
+
−
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.
+
  
 
'''[[#top|↑]]''' [[#top|Back to top]]
 
'''[[#top|↑]]''' [[#top|Back to top]]
Line 45: Line 43:
 
----
 
----
 
{{Back|Canada}}
 
{{Back|Canada}}
−
[[Category:Canadian Law]]
+
[[Category:Canadian Legislation]]

Latest revision as of 17:24, 12 October 2019

Flag-Canada.jpg

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 Icon - Gold.gif 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 an 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 that 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 cancelled:
(i) After a 24 hour debate on the matter.
(ii) After a 24 hour vote, with 66% of votes approving the cancellation.

↑ Back to top


Back.gif Back to Canada page

Retrieved from "https://wiki.erepublik.com/index.php?title=Ministry_of_Finance_Transaction_Control_Act&oldid=768508"