Treasury Policy Review Bill

[Emsworth]

Treasury Policy Review Bill

Preamble
The purpose of this legislation is to clarify the authority of the Secretary of the Treasury.

Section 1 - Creation of the Treasury Policy Review
1. It is the responsibility of the Secretary of the Treasury to maintain and draft the monetary and fiscal policy of Atlasia, and to negotiate agreements relating to trade when requested by the President of Atlasia.
2. The Treasury Policy Review will specifically examine the economy of Atlasia, and detail the monetary and fiscal policy of the federal government.
3. The creation of the Treasury Policy Review will be completed entirely by the Secretary of the Treasury and posted in the Treasury Department thread.

Section 2 - Treasury Department Thread
1. Citizens and elected officials of all branches of the government are invited to give commentary and opinions on Treasury policy in the Treasury Department Thread.
2. The Secretary of the Treasury is under no directive to obey the opinions expressed in the Treasury Department Thread.
3. In instances where the Secretary of the Treasury is unsure of what course of action to take he or she may call on the Senate or Executive for direct input.

Section 3 - Authority of the Treasury Policy Review
1. As drafted, the Treasury Policy Review becomes the official policy of the Republic of Atlasia.
2. Clause 1 shall not apply to any changes in appropriations or taxation that may be recommended in the Treasury Policy Review. Such modifications may only be made by the federal Budget or by an Act of the Senate.

Section 4 - Amending the Treasury Policy Review
1. The Secretary of the Treasury may freely change the Treasury Policy Review of the past office-holders.
2. The President may amend the Treasury Policy Review as he sees fit. The Secretary of the Treasury shall not have the authority to amend or reverse changes made by the President.
3. The Senate may amend the Treasury Policy Review as it sees fit by passing an Act (which shall be subject to the President's veto in the same manner as any other legislation). Neither the Secretary of the Treasury nor the President shall have the authority to amend or reverse changes made by the Senate.

Sponsor: Sen. Ebowed

[Emsworth]

Thank you for introducing this bill on my behalf, Sen. Ebowed.

Honorable Senators, this legislation would create a Treasury Policy Review, akin to the Foreign Policy Review already in existence. It would also help define the authority of the Secretary of the Treasury, and attach well-defined responsibilities to the position. I would like to note that after I wrote this legislation, I submitted it to Secretary Supersoulty for his comments, and received his approval.

[Emsworth]

So does this abolish the Federal Reserve and give its responsabilities back to the Department of Treasure?

Yes, all policy responsibilities go back to the Treasury Department. The various Federal Reserve Banks themselves still remain in place, but they do not make any policy decisions.

[Emsworth]

The question is on the final passage of this bill. All those in favor, say Aye; those opposed, say No.

[Emsworth]

The bill has enough votes to pass; Senators have 24 hours to vote or change their votes.

[Emsworth]

There have voted:
Aye: 8
No: 0

The bill is passed and presented to the President.