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  Legislation Introduction Thread (search mode)
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Author Topic: Legislation Introduction Thread  (Read 261842 times)
Southern Senator North Carolina Yankee
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« on: July 03, 2009, 06:00:22 pm »

Game Moderator Reform Bill

Whereas, the Senate understands that the Game Moderator is a position essential to the operation and performance of Atlasia and the Senate, the following is added to Article VIII, Section 2 of the Constitution as Clause 6:

6. The President shall appoint a Game Moderator with the advice and consent of the Senate.
a. The Game Moderator is responsible for providing the Senate and Atlasia with the necessary information to conduct debate and create legislation. The GM, at his discretion, shall provide information on wars, natural disasters, foreign events, and basic economic information including unemployment and inflation.
b. The Game Moderator may at any time be dismissed by the President.
c.  The Game Moderator may at any time be removed by the Senate by a two thirds vote, without presidential approval.

Sponsor: NC Yankee
Co-Sponsor: Purple State
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Southern Senator North Carolina Yankee
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« Reply #1 on: July 05, 2009, 08:59:18 pm »

No reason not to start out with one of my more controversial proposals yet.

Quote
Federal Government Accountability and Oversight Reform Bill

The OSPR is amended as follows

Article 3 Section 2 Clause 2 is amended as follows.

There shall be nine slots available for debating legislation on the Senate floor. Of these slots, three shall be available for any purpose; two shall be available for any purpose except the debating of Amendments to the Constitution; one shall be available only for legislation that the PPT considers to be related to forum affairs or emergency legislation which can be introduced pursuant to Article 7, Section 1 of this resolution; one shall be available for any piece of legislation, regardless of its location in the queue, at the PPT's discretion; one shall be available for debating veto overrides pursuant to Article 5, Section 3; and one shall be available for the conducting of all investigative hearings and the debate and passage of subpoena resolutions. 



Article: 7 Senate Oversight Powers

Sections 1. Hearing Rules

1. The Senate shall have the power to conduct investigative hearings for the purpose of government oversight and accountability.

2. Senators are not to slander the official they are questioning.
 
3. The officials should answer all questions as honestly as they possibly can.

4. Officials can be held in contempt of the Senate if they knowingly lie or refuse to answer a question. The one exception to this would be that if there is a current or potential court case that is related to the subject matter of the hearing and in answering the question, the official may refuse to answer a question asked of them on the grounds that it may incriminate him or herself.

5. If an official cannot take part in the hearing at the present time they should post this in the hearing thread and inform the Senate of the earliest possible time of compliance.

6. If an official refuses to acknowledge the hearing, he or she may be held in contempt of the senate.


Section 2. Process to Convene an Investigative Hearing

1. A resolution that subpoenas an official may be introduced in the Legislation Introduction thread. In order for the Resolution to be taken up for a vote it must be co-sponsored by two Senators.

2. Once introduced in accordance with clause one, the PPT will bring it to the floor as soon as an appropriate slot opens up.

3. The resolution must have at least 48 hours of debate after which, the resolution comes up for a final vote. However if there is a broad consensus that the hearing should occur the PPT shall move it too a final vote within 24 hours.

4. Only a simple majority shall be necessary to subpoena a public official.

5. Once the Senate has passed a subpoena resolution, The PPT shall open up a thread in the Hearings slot for the hearing to take place. The PPT is also charged with informing the official that he/she has been subpoenaed, how long they have to respond, and that they may be held in contempt for not complying with the subpoena.


Section 3. Closing an Investigative hearing

1. If either the Senators are satisfied with the officials answers or the PPT feels the Hearing has gotten off task, the PPT may call for a vote to adjourn which shall need only a simple majority to pass.


Section 4. Contempt of the Senate
1. If a senator feels that an official shall be held in contempt, he may introduce a contempt of the Senate resolution. The Resolution must have two co-sponsors in order for the PPT to bring it up for a vote.

2. Once the PPT brings it to the floor for a vote the Senate must debate it for no less the 72 hours. A vote will be open if no debate has occurred within 24 hours and it must pass by a three-fourths majority.

     
All subsequent Articles are renumbered accordingly
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Southern Senator North Carolina Yankee
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« Reply #2 on: July 13, 2009, 10:28:35 pm »

Quote
A now much needed law.

1. It shall be a crime in Atlasia to post a swastika or any other Nazis symbol that has come to symbolise deep meanings of hate and racism, in Atlas Fantasy Elections or Atlas Fantasy Government Boards.

2. The penalty for posting such a symbol shall be a two month ban from voting and a four month ban on holding office.
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Southern Senator North Carolina Yankee
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« Reply #3 on: July 21, 2009, 05:27:34 pm »

Quote
Enumerated Powers Resolution
Article III, Section 2, Clause 6 shall be inserted into the OSPR to read: Any Senator introducing legislation into the Senate floor shall cite the section in the Constitution that allows this legislation in the legislation.

As per my campaign pomise, I introduce this on behalf of Fmr Senator and current Lt Gov. South Park Conservative.
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Southern Senator North Carolina Yankee
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« Reply #4 on: August 09, 2009, 09:50:26 pm »

The Identity Theft Prevention and Resolution Bill

Recognizing the severe damage caused to, hard working and law abiding, Atlasians; and to there names, credit, and future freedom of action by Identity Theft, the following shall be enforced.

Section 1: Definitions

ID Theft shall be defined as the deliberate and intentional stealing of a person's identity to a achieve a financial, legal, or social benefit. ID Theft shall be regarded as a felonious criminal act.

Section 2: Prevention

Clause 1: It shall be a crime punishable by a $10,000 fines for any corporation or entity to sell, distribute, or in any other way release into public knowledge private information regarding a client, customer, employee, partner, supplier, or vendor without there expressed permission. Such information would include social security number, credit card numbers, bank account numbers, names, phone numbers, e-mails, and home addresses.

Clause 2: Any person who steals a persons identity and uses it to make a purchase or sell a good or service, borrow money, or commit a crime shall face a $250,000 fine and up to 5 years in jail for the committing of felony ID theft, or shall be required to pay full restitution of damages, to the victims of there crime, up to $1,000,000.

Clause 3: All businesses are required to submit there employees’ social Security Numbers prior to there hiring. In the event of any "confirmed no-matches" between the name and social security number, the social security administration is required to send out a no-match letter to the Employer and inform the Office of Identity Security Enforcement.

Clause 4: The office of Identity Security Enforcement (ISE) is hereby created within the FBI and given $50 million annually to investigate potential cases of ID theft and enforce federal law in regards to protecting people's identity.   

Section 3: Resolution
 
Clause 1: Any person who is the victim of a previous ID theft shall not be held accountable for purchases, sales, debts, profits, or taxes accrued by someone else, under there name.

Clause 2: The Identity Restoration Agency is hereby established, and appropriated $5 million annually, to recognize victims of ID theft and help them restore there credit and records. They shall provide a toll-free hot line for victims of ID theft to contact for help.

Clause 3: Any cases in which the perpetrator has not been caught or the case has yet to reach the authorities, the Identity Restoration Agency is to inform the ISE of the crime.






 


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Southern Senator North Carolina Yankee
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« Reply #5 on: September 07, 2009, 04:38:12 pm »

Emergency Credit Access Act

Section 1: Small Business
       
Clause 1. Any business making less then $750,000 annually shall be classified as a small Business for the the purposes of this act.

Clause 2. $75 Billion dollars in revolving lines of credit of up to $100,000 monthly shall be made available through the Small Business Administration to existing small busineses for the purpose of making payroll and buying inventory. Interest rates shall not exceed 4% compounded annually.

Clause 3. $50 Billion shall be made available through the Small Business Administration to people looking to start a new small business. Interest rates shall not exceed 4% compounded annually.


Section 2: Home Buyers and Home Refinancing

Clause 1. $75 Billion is to be made available through the Federal Housing Administration to prospective homebuyers. Prospective applicants must of an income that would make the monthly payment 50% or less of that person's monthly income, an average credit score(700's or higher), and must be able to put at least 5% down. Interest rates must be fixed and can't exceed 2% APR. The home price must be equal to or less then $200,000.

Clause 2. $75 Billion is to be made available through FHA to allow homeowners with variable rate morgages or fixed rated mortgages of 5% or higher to refinance. The monthly payment may not exceed 50% of the home owners income. Interest rates must be fixed and can't exceed 2% APR. 
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Southern Senator North Carolina Yankee
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« Reply #6 on: September 08, 2009, 01:00:56 pm »

Quote
Senate Rules Correction Resolution

1. Article VIII, Section 1, Clause 2 is amended to the following:

"2. Any Senator shall have seventy-two (72) hours from such a public statement by the PPT and the President of the Senate to call for a resolution in the Senate to overrule the PPT and the President of the Senate in the use of powers designated by Clause 1 of this Article, if any Senator considers their decision to be on infringement of the intention of this resolution."

2. Article VIII, Section 1, Clause 3 is amended to the following:

"3. If this resolution passes by a two-thirds (2/3) vote in the affirmative (excluding the PPT), this joint action by the PPT and the President of the Senate shall be overruled."

3. Article IX, Section 1, Clause 2 is amended to the following:

"2. Following the swearing in of the new Senate at the beginning of each Session, the President of the Senate shall open a thread in the Fantasy Government board for Senators to announce their candidacy for the position of PPT. This thread shall be further known in this document as the PPT Candidacy Declaration Thread and shall be open for forty-eight (48) hours for Senators to declare their candidacy for the position."

4. Article IX, Section 1, Clause 3 is amended to the following:

"3. After forty-eight (48) hours, the PPT Candidacy Declaration Thread shall be closed and a vote on the election of the new PPT shall be opened in a new thread by the President of the Senate. This vote shall last for a maximum of five (5) days during which time the Senators must vote. Any and all Senators who do not vote will be considered to have abstained."

Introduced for Bacon King.
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Southern Senator North Carolina Yankee
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« Reply #7 on: November 25, 2009, 09:36:49 pm »

You have all been waiting for this, well here it is.

Quote
Financial Regulatory Reform Act of 2009.

Section 1. Section 3 of the Financial Services Regulation Act, also known as the Bank Conservation Act, is amended as follows.

a.  As used in this title, the term bank means (1) any national banking association, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency; and the term State means any State, Territory, or possession of Atlasia.

b. Whenever the SoIA is made aware(by the Game Moderator) of the imminent collapse of a large non traditional financial institution such as a bank or a Hedge Fund whose collapse creates significant "Systemic" risk, the SoIA shall place the institution under a Conservatorship prior to the organizations defualting and appoint a conservator to the institution(non-playable actions and events surronding him shall be reported by the Game Moderator).

C. The conservator shall be invested with the power to seize all the books, records and finacnial statements of the institution and share them with the President, SoIA and Senate.

D. The Conservator shall be invested with the power to respond to the situation with one of three options including exchanging shares in the company for debt, organising a merger with another company, or liquidation of the institution in a manner that doesn't place the market in systemic risk.

E. If none of these options shall be possible to remedy the situation, he is then to report his findings and recommendations as to what action should be taken to remedy the situation, to the President, the SoIA and the Senate.

F. Failure to comply with the directives of the Conservator shall be considered a misdemenor, offenders of which could be sentenced with up to a $50,000 fine.



Section 2 Section 4 of the Financial Services Regulation Act, also known as the Bank Conservation Act, is amended as follows.

a. If both the President and SoIA become satisfied that it may safely be done and that it would be in the public interest, the SoIA may, terminate the conservatorship and permit such bank to resume the transaction of its business subject to such terms, conditions, restrictions and limitations as he may prescribe.

b. In any reorganization of any national banking association under a plan of a kind which, under existing law, requires the consent, as the case may be, (a) of depositors and other creditors or (b) of stockholders or (c) of both depositors and other creditors and stockholders, such reorganization shall become effective only (1) when the President shall be satisfied that the plan of reorganization is fair and equitable as to all depositors, other creditors and stockholders and is in the public interest and shall have approved the plan subject to such conditions, restrictions and limitations as he may prescribe.

Section 3: Leveraging Requirements

a. Definitions
An investment business shall be defined as any bank, or hedge fund that raises capital, trades securities and manages corporate mergers and acquisitions.

Liquid assets are to be defined as assets that are either instantly available or available within 24 hours without penalty or decrease in the orginial value of the asset.

b. No investment business  shall be leveraged at higher then a 10 to 1 Debt to assets ratio.

c. All investment banks must have at least 25% of there assets on hand or in liquid secrurities.

d. All investment businesses shall have till January 1, 2010 to comply.

e. Venture Capital Firms are exempt from these requirements.

Section 4: Credit Default Swaps

a. Definitions

A credit Defualt Swap is  a swap contract in which the buyer of the CDS makes a series of payments to the seller and, in exchange, receives a payoff if a credit instrument goes into default.

b. All Credit Defualt Swap payouts to the insuree, shall be taxed at a rate of 25%.

C. 80% funds colllected from the tax shall go to the to the Federal Deposit Insurance Program, the other 20% of the funds shall go to operations and administative costs of the Federal Resoltion Authority established in sections 1 and 2 of this act.


Section 5. Consumer Investment Protection Agency

a. A non-partisan agency shall be established to examine and grade investment options and report to the public on there strengths and weaknesses.

b. This agency shall be placed in charge of regulating and examining all financial ratings.

c. If a ratings company is found to have been dishonest or incorrect in grading a financial instrument they may be fined up to $250,000 dollars.


Section 6. Other Previous Legislation

a. Section 4 of the anti speculation act is hereby repealed. 80% of the funds collected under the Anti speculation act are redirected to the FDIC. The other 20% are redirected to pay for the operations of the Consurmer Investment Protection Agency.
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Southern Senator North Carolina Yankee
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« Reply #8 on: December 19, 2009, 09:40:38 pm »

Quote
Top Secret Classification Bill

§1. The Game Moderator shall have the power to label select documents as "Top Secret" for the purpose of dissemination of matters vital to national security or economic imperative.

§2. Matters deemed as "Top Secret" must labeled clearly at the top of the message.

§3. Matters deemed as "Top Secret" may only be revealed, whether in full form or in summary, to the President, Vice President, Cabinet and Senate. Such matters may also be revealed to the Justices of the Supreme Court and to trial juries only where necessary for the prosecution of cases outlined by this Act.

§4. It shall be punishable under Atlasian Law for any person entrusted with material labeled "Top Secret" to reveal that information to an individual not mentioned in §3.
    a. This crime shall be tried as though it were a crime under the Consolidated Criminal Justice Act.
    b. Use of "Top Secret" material as evidence in such cases shall be revealed and discussed in private among the presiding Justice, Counsel and the jury, where applicable.
    c. Sentencing of the crime shall be by the presiding Justice; He may sentence the guilty party for up to, but not exceeding, a 2 month ban from voting and a 6 month ban from holding any office under the Republic of Atlasia.

Introduced for the Game Moderator.
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Southern Senator North Carolina Yankee
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« Reply #9 on: January 17, 2010, 06:28:50 pm »

Quote
Section 1: Nomination of Voters for deletion

   1. Any registered voter may nominate another registered voter for deletion from the voter rolls by the HAEV.
   2. Any member of the HAEV or the voter proposed for deletion may motion for summary dismissal within 24 hours of nomination for deletion. The Presiding Officer shall call a vote on such summary dismissal within 24 hours, and a majority shall be required to summarily dismiss.
   3. No voter may be nominated for deletion more than once per month.
   4. If there shall be more than one pending nomination for the HAEV to consider then they shall ordinarily consider them in order of nomination, however, the Presiding Officer may vary this at his own discretion.

Section 2: Consideration of Voters for deletion

   1. The HAEV shall consider the number of posts made by a registered voter when considering its decision. A voter:
         1. Should have fewer than 25 posts in the Atlas Forums in the previous two months.
         2. Should have fewer than 10 posts in the Atlasia section of the Atlas Forum in the previous two months.
         3. Votes in the Voting Booth, registration changes, quoting without additional commentary and posts of four or fewer words do not count towards these requirements.
   2. The HAEV shall consider any special circumstances that the voter has made known to the Atlas Forum, such as long term break due to vacation, or an ongoing issue in their personal life that makes regular participation difficult.
   3. The HAEV shall consider the historical contribution to Atlasia made by the voter in question.
   4. Before a final vote, a member of the committee, or Officers of the Department of Forum Affairs, shall compile a report on the voter addressing the above considerations.
   5. No vote may be held within 48 hours of the nomination, and shall then be called when the Presiding Officer feels that any debate has addressed the matter as fully as is reasonable.

Introduced for Peter and the HAEV
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« Reply #10 on: February 25, 2010, 07:35:23 pm »

Hashemite, I realize I kept you on ice with your bill, I promise it will be up tonight.
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« Reply #11 on: March 05, 2010, 03:01:51 pm »

All legislation introduced prior to noon today will have to be reintroduced. As will those being currently debated.
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« Reply #12 on: March 05, 2010, 04:01:45 pm »

All legislation introduced prior to noon today will have to be reintroduced. As will those being currently debated.

Why?

Because, I think thats what the Senate rules state. I will check to be sure. It may just apply to stuff that is currently on the floor.
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« Reply #13 on: March 05, 2010, 04:06:17 pm »
« Edited: March 06, 2010, 02:28:53 pm by Senator North Carolina Yankee, PPT »

All legislation introduced prior to noon today will have to be reintroduced. As will those being currently debated.

Why?

Section 3: Rules on Reintroducing Expired Legislation
1. Within seventy-two (72) hours after the beginning of a new Session of the Senate, the PPT shall start a thread detailing expired legislation left over from the previous Senate session, to be further known in this document as the Expired Legislation thread. In order for legislation to be reintroduced, said legislation must not have received public debate time on the Senate floor, or if debate time has been given, must have not come up for a public vote in front of the full Senate. Any withdrawn legislation from the previous Session may not be eligible for reintroduction.
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« Reply #14 on: May 03, 2010, 09:10:09 am »
« Edited: May 05, 2010, 04:08:52 pm by Senator North Carolina Yankee (AFL-CIO-NC) »

Quote
Fifth Line of Succession Act
Section 1: Line of Succession
In the event of the absence or incapacitation of the President of the Republic of Atlasia, the following shall serve as the line of succession:
1. Vice-President of the Republic of Atlasia
2. President Pro Tempore of the Senate
3. Attorney General
4. Secretary of Federal Elections
5. Registrar General
6. Secretary of External Affairs
7. Secretary of Internal Affairs
8. Moderator General
9. Dean of the Senate
10. Each Senator in order of longest continuous service
11. Chief Justice of Supreme Court of Atlasia
12. Senior Associate Justice of the Supreme Court of Atlasia
13. Junior Associate Justice of the Supreme Court of Atlasia
14. Each Governor in order of longest continuous service

Section 2
The following acts are repealed:
1. Line of Succession (Amendment No 2) Act (15-7)
2. Cleaning up the Line of Succession Act (32-2), Section 2

 
 
Introduced on behalf of the Renaissance Caucus and Peter.

BK, do you think we can ram this through by the Friday?

Edit: Withdrawn
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« Reply #15 on: May 07, 2010, 07:11:35 pm »

The next session has begun correct?

Quote
Fifth Line of Succession Act
Section 1: Line of Succession
In the event of the absence or incapacitation of the President of the Republic of Atlasia, the following shall serve as the line of succession:
1. Vice-President of the Republic of Atlasia
2. President Pro Tempore of the Senate
3. Attorney General
4. Secretary of Federal Elections
5. Registrar General
6. Secretary of External Affairs
7. Secretary of Internal Affairs
8. Moderator General
9. Dean of the Senate
10. Each Senator in order of longest continuous service
11. Chief Justice of Supreme Court of Atlasia
12. Senior Associate Justice of the Supreme Court of Atlasia
13. Junior Associate Justice of the Supreme Court of Atlasia
14. Each Governor in order of longest continuous service

Section 2
The following acts are repealed:
1. Line of Succession (Amendment No 2) Act (15-7)
2. Cleaning up the Line of Succession Act (32-2), Section 2
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Southern Senator North Carolina Yankee
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« Reply #16 on: May 07, 2010, 07:29:54 pm »

Quote
Balanced Budget Amendment

a. In all cases federal government revenues should meet or exceed expenditures for each fiscal year.

b. In all cases where the revenues do not meet or exceed expenditures of the federal government, measures are to be taken by the Senate and President to brink them into line within one fiscal quarter.

C. When in cases deemed an emergency by 7/10's of the Senate, and with the presidents signature, the Federal Government's expenditures may exceed revenue, but only for the period deemed an emergency. 


Introduced for JBrase.
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« Reply #17 on: May 25, 2010, 08:38:16 pm »

Quote
Atlasian Health Act of 2010
whereas the perecentage of obese people is on the rise, and high fructose corn syrup is a leading factor. the Federal government shall promote a healthier life style by removing tax payer dollars from propping up a leading cause in the epidemic.
1. All subsidies for the production of corn shall henceforth cease.
2. All tariffs on imported sugar cane shall be suspended.

Intoduced for JBrase and PiT
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« Reply #18 on: July 07, 2010, 05:48:34 pm »

Well it's still not perfect but I am sick of staring at it in Works, so here it is.

Quote
The National Offshore Oil Spill Response Equipment and Resources Act

I. The Coast Guard, in conjunction with the Department of Internal Affairs, shall oversee the creation of Oil Spill Response Zones which are to be overseen by the Coast Guard once established.
    A. The following areas shall be designated as Offshore Oil Spill Response Zones.
   1. North Atlantic - From Maine to Maryland
   2. South Atlantic - From Virginia to the East Coast of Florida
   3. Gulf of Mexico - From West Coast of Florida to Texas
   4. West Coast - California, Oregon and Washington
   5. Alaska
    B. If no offshore drilling is occurring in a zone then the Coast Guard may deem it inoperative with the authority to reverse its decision depending on the changes in the situation in the zone with regards to offshore drilling.

II. The Oil Spill Response Supply Agency shall be created within the Department of Internal Affairs to determine the type, amount and quality of the equipment, supplies, and materials that are required in each zone.
     A. The locations of the stockpiles are to be in the following cities:
   1. North Atlantic - Portland, ME
   2. South Atlantic - Charleston, SC
   3. Gulf of Mexico - Mobile, AL
   4. West Coast - San Diego, CA
   5. Alaska - Dutch Harbor, AK
     B. 50% of the cost of the stockpiles is to be divided proportionally amongst the oil companies which are drilling in the zone based on what percentage of the oil drilling, in the said zone, they are responsible for. The other 50% shall be provided from the revenue collected by a national oil extraction tax of 5% to be levied by this act. All excess revenue from this tax is to be directed towards the general fund for uses related to oil or energy.
    1. The collection of both is to be enforced by the Internal Revenue Service for Oil Response Supply Agency.


I am not to attached in anyway to a certain portion and I expect it to be amended.
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« Reply #19 on: August 15, 2010, 03:23:20 pm »
« Edited: August 15, 2010, 03:24:57 pm by The Demon's Façade »

I got three separate bills here.


Quote
The Regional Legal Drinking Age Act

1. While the federal drinking age is to be maintained at its current levels for all alcoholic beverages, all regions are permitted to reduce the legal age of consumption of beer and wine, in controlled amounts, to people as young as 16 years of age.

2. However, regions that decide to do so must establish strict regulations to ensure responsible consumption of these alcoholic beverages including but not limited to the requirement that no sales be made to minor unless in the presence of a responsible adult, that such consumption be restricted as to what times it may be allowed, and other such regulations pertaining to establishments serving alcoholic beverages, the consumer and the parents of minors between 16 and the current federal drinking age, as seen fit by each region.

3. Any region who lowers there drinking age but fails to comply with or reduces the limit below that allowed for in this act will be considered to be under the current federal drinking age for all alcoholic beverages.




Quote
The Federal Flood Response Review Resolution

1. It is the sense of the Senate, that the Secretary of Internal Affairs, the Game Moderator, all other responsible department secretaries investigate and report on the current condition and state of flood response strategies and potential problems with them, the potentially most devastating flooding that could occur, where these high risk areas are and what are there causes (hurricanes, heavy rains, shifting river patterns, environmental shifts etc), and finally recommendations to the senate on what measures to take to mitigate these disasters and improve response in the future.

2. Recognizing the scope of the request, the Senate hereby sets a deadline of September 30, 2010 for the completion of the report.



Quote
The R&D Investment Incentive Act
   Recognizing the need to increase private R&D investment to remain competitive in a global market place, the Senate hereby passes the following tax code changes.

Section 1: The R&D Tax Deduction
 
Clause 1: Any corporation which invests 5%  of its gross income into research and development shall qualify for a deduction in their corporate income taxes of 50% of the value of the R&D investment.

Clause 2: Any corporation which invests 2.5% of its gross income into research and development shall qualify for a deduction in their corporate income taxes of 25% of the value of the R&D investment.

Section 2: New Start-ups

Clause 1: Newly formed corporations engaging in bringing newly developed products and services to the market as part of research conducted at Universities or at independent laboratories shall be exempt from corporate taxation its first two years of operation, and then for the next three years of operation, pay only 75% of the normal corporate tax rate for that company.

Section 3: The Patent Process

Clause 1: The Senate asks the Game Moderator and Secretary of Internal Affairs to conduct a review of the patent process and make recommendations on how to speed up the process, reduce inefficiencies, and improve quality of the interaction with inventors, entrepreneurs, and existing corporations to encourage more technological development.

Section 4: Expensing

Clause 1: All corporations may now deduct the full cost of depreciation in the market value of equipment and machinery owned and in use by the company, from their corporate income taxes.

Clause 2: Small Business owners may deduct the full cost of the depreciation in the market value of equipment and machinery owned and in use by the business from the owners or partners personal incomes taxes (if a partnership, then the value of the deduction shall be divided according to the proportion of ownership of the partnership).  
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« Reply #20 on: August 19, 2010, 02:43:32 pm »

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Game Moderator Duty Clarification Act

Whereas, confusion exists as to the exact nature of events in Atlasia as they relate to events in the real word, and

Whereas, it is impossible for even a reasonably active Game Moderator to provide story lines for most events that occur in the real world;

Therefore be it resolved that:

1. F.L. 16-1: GM Act and F.L. 31-4: Game Moderator Replacement Act are hereby repealed.

2. The following categories of real world events be deemed Atlasian events as though dictated by the GM: natural disasters, scientific discoveries, foreign events.

3. A real world event shall not be considered to have occurred in Atlasia if it is a result of other real world events that did not occur in Atlasia or if the GM has expressly stated that such an event did not occur.

Sponsored for the President
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« Reply #21 on: September 13, 2010, 08:21:07 pm »
« Edited: September 13, 2010, 08:49:18 pm by The Demon's Façade »

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Omnibus Trade Reorganization & Wiki Consolidation Act

Recognizing the need to further reform and consolidate our Wiki for the greater ease of reading, and the great number of disparate trade legislation, the Senate hereby authorizes the following to consolidate the wealth of trade Acts:

1. No tariffs, customs, or restrictions on movement of goods, except those that have been outlawed by the destination or interim nation, shall exist between the Republic of Atlasia and the following nations and territories:

Republic of Costa Rica
Republic of El Salvador
Republic of Guatemala
Republic of Honduras
Nicaragua
Dominican Republic
Canada
Mexico
Colombia
Suriname
Brazil
Ecuador
Peru
Paraguay
Uruguay
Argentina
Chile
Angiulla
Aruba
British Virgin Islands
Cayman Islands
Haiti
Montserrat
Netherland Antilles
Australia
Israel
New Zealand
Thailand
Jordan
Switzerland
South Africa
Philippines
Iraq
Japan
South Korea
European Union member-states
Norway
Turkey
Iceland

Section 2: Definition of Free Trade Agreements

1. All legislation pertaining to the removal of tariffs, customs, or restrictions on movement of goods between Atlasia and another country shall be considered as agreements.

2. Upon the violation of such an agreement, it shall be within the power of the DoEA, with the consent of the Senate, to take appropriate actions to defend against such infringements.

Section 3: Free Trade Rules & Regulations

1. The Republic of Atlasia shall not enter into or maintain any free or fair trade agreement with any nation that criminalizes homosexual acts.

Section 4: Wiki Reorganization

1. The following Acts are hereby repealed and stricken from the record, to be placed in the "Repealed Statute" page:

F.L. 9-10: Central American Free Trade Act
F.L. 13-2: North American Free Trade Act
F.L. 13-6: South American Free Trade Act
F.L. 13-7: Caribbean Free Trade Act
F.L. 13-9: Atlasia-Australia Free Trade Act
F.L. 13-10: Atlasia-Singapore Free Trade Act
F.L. 13-11: Atlasia-Morocco Free Trade Act
F.L. 13-12: Atlasia-Bahrain Free Trade Act
F.L. 13-13: Atlasia-Israel Free Trade Act
F.L. 13-16: Atlasian-New Zealand Free Trade Act
F.L. 13-19: Atlasia-Thailand Free Trade Act
F.L. 28-6: End to Disgusting, Hypocritical Yuppie Protectionism Act
F.L. 14-5: Atlasia-Jordan Free Trade Act
F.L. 14-7: Atlasia-Switzerland Free Trade Act
F.L. 14-8: Atlasia-South Africa Free Trade Act
F.L. 15-8: Atlasian-Philippines Free Trade Act
F.L. 17-1: Atlasian-Kuwait Free Trade Act
F.L. 31-15: Atlasia-Iraq Free Trade Act
F.L. 31-24: Atlasia-Japan Free Trade Act
F.L. 31-27: Atlasia-South Korea Free Trade Act
F.L. 32-11: Atlasia-EU Free Trade Act
F.L. 32-12: Atlasia-Turkey Free Trade Act
F.L. 32-13: Atlasia-Norway-Iceland Free Trade Act
F.L. 31-26: LGBT Trade Act
F.L. 32-4: Amendment to the LGBT Trade Act
F.L. 32-15: Free Trade Agreement Act
F.L. 13-20: Atlasia-Oman Free Trade Act
F.L. 28-13: Free Trade Regulation Act
F.L. 14-4: Atlasia-Malaysia Free Trade Act
F.L. 29-2: Malaysian Free Trade Renegotiation Act
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« Reply #22 on: September 13, 2010, 08:52:22 pm »

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Expansion of Emergency Credit Access Act

The Emergency Credit Access Act is amended with the following:

1. Section 1, Clause 1, is amended to read the following: "Any business making less then $1,500,000 annually shall be classified as a small business for the the purposes of this act."

2. An additional 30 billion dollars is appropriated for the purposes outlined in Section 1, Clause 2.

3. An additional 100 billion dollars is appropriated for the purposes outlined in Section 1, Clause 3.
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« Reply #23 on: October 04, 2010, 08:02:38 pm »
« Edited: October 05, 2010, 06:14:30 pm by The Demon's Manifestation »

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Financial Regulatory Reform Act of 2009.

Section 1. Section 3 of the Financial Services Regulation Act, also known as the Bank Conservation Act, is amended as follows.

a.  As used in this title, the term bank means (1) any national banking association, and (2) any bank or trust company located in the District of Columbia and operating under the supervision of the Comptroller of the Currency; and the term State means any State, Territory, or possession of Atlasia.

b. Whenever the SoIA is made aware (by the Game Moderator) of the imminent collapse of a large non traditional financial institution such as a bank or a Hedge Fund, whose collapse creates significant "Systemic" risk, the SoIA shall place the institution under a Conservatorship, prior to the organization’s defaulting and appoint a conservator to the institution (non-playable actions and events surrounding him shall be reported by the Game Moderator).

C. The conservator shall be invested with the power to seize all the books, records and financial statements of the institution and share them with the President, SoIA and Senate.

D. The Conservator shall be invested with the power to respond to the situation with one of three options including, the following: exchanging shares in the company for debt, organizing a merger with another company (that is financially sound as determined by the SoIA with input from the Game Moderator), or the “controlled” liquidation of the institution in a manner that doesn't place the market in systemic risk.

E. If none of these options shall be possible to remedy the situation, he is then to report his findings and recommendations as to what action should be taken to remedy the situation, to the President, the SoIA and the Senate.

F. Failure, on the part of an “at risk” institution, to comply with the directives of the Conservator shall be considered a misdemeanor, offenders of which could be sentenced with up to a $50,000 fine.



Section 2. Section 4 of the Financial Services Regulation Act, also known as the Bank Conservation Act, is amended as follows.

a. If both the President and SoIA become satisfied that the institution in question has been successfully reformed to the point that it can a) be returned to private control or b) be liquidated on the private market with acceptable levels of systemic risk, the SoIA may terminate the conservatorship and permit such bank to resume the transaction of its business subject to such terms, conditions, restrictions and limitations as is currently proscribed in existing statute and those laid out in the plan of reorganization.

b. In any reorganization of a banking institution, under a plan of a kind which, under existing law, requires the consent, as the case may be, (a) of depositors and other creditors or (b) of stockholders or (c) of both depositors and other creditors and stockholders, such reorganization shall become effective only (1) when the President shall be satisfied that the plan of reorganization is fair and equitable as to all depositors, other creditors and stockholders and is in the public interest and shall have approved the plan subject to such conditions, restrictions and limitations as he may prescribe.

Section 3: Leveraging Requirements

a. Definitions
An investment institution shall be defined as any bank, or hedge fund that raises capital, trades securities and manages corporate mergers and acquisitions.

Liquid assets are to be defined as assets that are either instantly available or available within 24 hours without penalty or decrease in the original value of the asset.

b. No investment institution shall be leveraged at higher then a 15 to 1 debt to assets ratio.

c. All investment institution must have at least 25% of there assets on hand or in liquid securities.

d. All investment institution shall have till January 1, 2010 to comply.

e. Venture Capital Firms are exempt from these requirements.

Section 4: Credit Default Swaps

a. Definitions

A  Credit Default Swap (CDS) is a swap contract in which the buyer of the CDS makes a series of payments to the seller and, in exchange, is reimbursed if a credit instrument goes into default.

b. All purchases of CDS to insure an asset shall be taxed at a rate of 15%.

C. 80% of the funds, collected from the CDS tax, shall go to operations and administrative costs of the Federal Resolution Authority; 20% of the funds, collected from the CDS tax, shall go to the Federal Deposit Insurance Program, the , established in sections 1 and 2 of this act.


Section 5. Consumer Investment Protection Agency

a. This agency shall be placed in charge of regulating and examining all financial ratings by private companies.

b. The CIPA shall also have the authority to ensure accuracy of a companies ratings of an asset based on its formula and guidelines for the grading of assets.

c. If a ratings company is found to have been dishonest or intentionally incorrect (defined as manipulated the grading of an asset for the purpose of influencing the market price of the said asset) in grading a financial instrument they may be fined up to $250,000 dollars.

d. All private investment grading firms are to reveal their proprietary grading formulas and guidelines to the CIPA on penalty of a $150,000 fine for failing to comply.

e. The CIPA shall at all times maintain the secrecy and  security of an institution’s proprietary information. Strict penalties are to be enacted to punish any violations by the employees of this institution. An intentional release of such information by an individual, could be regarded as a larceny of proprietary goods or services, and/or destruction of private property and prosecuted according to the statute of the region in which the violation occurred, or if at the federal level, according to the current  federal statute on that crime. Nothing in this clause shall be interpreted to prevent civil action on the part of the company whose information was revealed against the perpetrator. 

Section 6. Previous Legislation

a. Section 4 of the anti speculation act is hereby repealed. 80% of the funds collected under the Anti-speculation act are redirected to the FDIC. The other 20% are redirected to pay for the operations of the CIPA.
 


Just doing some house keeping here. Primarily because at the time I was relying and expecting significant amending but it was instead waved through after a very weak debate.

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The Central Banking Reform Act of 2010

Section 1: History

The Federal Reserve System as created in the US in 1913 is hereby recognized as having existed continuously since the creation of Atlasia.

Section 2: Game Play Guidelines

Clause 1: The Federal Reserve Board, its chairman; the Federal Reserve Open Market Operations Committee; and the Regional Board chairman are to be non-playable positions within Atlasia.

Clause 2: The Game Moderator (GM) is task to simulate the actions of the Federal Reserve and report its actions.
   A. Monthly Reports shall be a “summary” (Length can be determined by       the GM) of the events of the Federal Reserve meeting that occurred that       month. The summary shall convey the Feds (GM’s ) expectation and          outlook  of growth and inflation over the next few months.

   B. The tri-monthly (every three months) report shall include decisions          related to the Fed rate (increase, decrease, left the same) and any purchases       of market assets by the FOMAC.


Also known as the make life hell for the Game Moderator Act.


I will bring these to the floor tomorrow. Tongue
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« Reply #24 on: October 07, 2010, 12:34:54 am »

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Resolution permitting a brief extension of the Constitutional Convention

Whereas, the Constitutional Convention continues to diligently amend and streamline the Atlasian Constitution; and,

Whereas, the Convention requires the approval of the Senate to submit a final document after September 30, 2010;

Be it therefore resolved, that the Constitutional Convention shall receive an extension until October 17, 2010 at 12:00pm EDT to complete and submit a final document to the regions for the approval of the people.
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