NSG Senate Coffee Shop: 50% off Americanos [NSG Senate]

[Belmaria]

Considering you did not read my edit.
You are from the USA. They have multiple governors due to the fact that they are a sistem of central banks. Aurentina is not. So you can not have 6 governors.
Next about it: The chairman is also a person siting on that council and has a vote. Normaly his vote counts as two in case there is a draw in voting.
And last but not least: You let the president put them im place without a vote in the chamber of the senate. Goverment control of the bank. And not to forget you do not give any responsibility to them. So they can do as they want.

Hmm... these are all true. I support halving the number of governors and putting the presidential appointment up for a vote in the senate. I will still sponsor the bill in its current form though, as I know the author is a responsible person and will make the edits or similar edits soon.

EDIT: Also, the governors should be appointed by the NB president and not the government president.

[Macedonian Grand Empire]

Considering you did not read my edit.
You are from the USA. They have multiple governors due to the fact that they are a sistem of central banks. Aurentina is not. So you can not have 6 governors.
Next about it: The chairman is also a person siting on that council and has a vote. Normaly his vote counts as two in case there is a draw in voting.
And last but not least: You let the president put them im place without a vote in the chamber of the senate. Goverment control of the bank. And not to forget you do not give any responsibility to them. So they can do as they want.

Hmm... these are all true. I support halving the number of governors and putting the presidential appointment up for a vote in the senate. I will still sponsor the bill in its current form though, as I know the author is a responsible person and will make the edits or similar edits soon.

EDIT: Also, the governors should be appointed by the NB president and not the government president.

There can be 6. But their name would be vice governors. The best solution is for the members to be proposed by the chairman and voted in by the senate.

[Next Washington]

Considering you did not read my edit.
You are from the USA. They have multiple governors due to the fact that they are a sistem of central banks. Aurentina is not. So you can not have 6 governors.
Next about it: The chairman is also a person siting on that council and has a vote. Normaly his vote counts as two in case there is a draw in voting.
And last but not least: You let the president put them im place without a vote in the chamber of the senate. Goverment control of the bank. And not to forget you do not give any responsibility to them. So they can do as they want.

i'm from europe

and as we soon will get provinces, why not change it so each province must send one governor?

their resposibilities: form the monetary policy, control the bank and the president

well, the president is elected by the senate, but, as i said, independent nbs work better, so he can choose his governors
if eg all governors are from the procoa, they'll pursue their left plans... so i say the procoa, with most senators, could elect all their governos, as they're 5 parties

[Belmaria]

Hmm... these are all true. I support halving the number of governors and putting the presidential appointment up for a vote in the senate. I will still sponsor the bill in its current form though, as I know the author is a responsible person and will make the edits or similar edits soon.

EDIT: Also, the governors should be appointed by the NB president and not the government president.

There can be 6. But their name would be vice governors. The best solution is for the members to be proposed by the chairman and voted in by the senate.

I don't think we need to waste time voting on the governors. If the chairman/president of the NB is appointed by the senate then ze should be able to appoint their own "cabinet" of sorts, just as MV/Brit/wolf/Aeken were able to.

[Belmaria]

Considering you did not read my edit.
You are from the USA. They have multiple governors due to the fact that they are a sistem of central banks. Aurentina is not. So you can not have 6 governors.
Next about it: The chairman is also a person siting on that council and has a vote. Normaly his vote counts as two in case there is a draw in voting.
And last but not least: You let the president put them im place without a vote in the chamber of the senate. Goverment control of the bank. And not to forget you do not give any responsibility to them. So they can do as they want.

i'm from europe

and as we soon will get provinces, why not change it so each province must send one governor?

their resposibilities: form the monetary policy, control the bank and the president

well, the president is elected by the senate, but, as i said, independent nbs work better, so he can choose his governors
if eg all governors are from the procoa, they'll pursue their left plans... so i say the procoa, with most senators, could elect all their governos, as they're 5 parties

I support this

[Battlion]

as soon as we get provinces

To be honest, that won't happen haha

[Macedonian Grand Empire]

We are not getting provinces... There is notting like that...

[Dragomere]

The Aurentine Fiscal Act of 2013

Author: Dragomere | Category: Business and Finance | Urgency: Extremely High | Sponsors:

Article 1
Whereas, the nation needs a fair and balanced budget;

Whereas, no fair and balanced budget has been passed;

Mandates that the following rules be put in place for all budgets:
1. The Working Class shall be taxed less than the rich;
2. The Senate of Aurentina shall never pass a budget that has a deficit; and
3. The priorities in the budget shall always be Defense, Education, Healthcare, and Welfare.

Article 2

Decrees the following:
1. Article 1 and Article 2 may not be amended in the same bill; and
2. Any Article 1 may not be amendable separately, but can only be amended as a whole

Article 3 (Taxes)

Mandates a Income Tax that shall follow Chart 1.1

Mandates a Sales Tax that shall follow Chart 1.2

Mandates a Industrial Tax that shall follow Chart 1.3

Mandates a Import Tax that shall follow Chart 1.4

Article 4 (Expenditures)

Mandates that the expenditures shall spent on the categories in the exact proportions as in Chart 2.1

Article 5

Mandates that this budget will expire on October 31, 2014.

Charts
1.1 (Income Tax)

% Paid in Taxes	Minimum Income	Maximum Income
0%	$0.00	$29,999
15%	$30,000	$59,999
30%	$60,000	$89,999
35%	$90,000	$119,999
40%	$120,000	$199,999
45%	$200,000	$499,999
50%	$500,000	$999,999
55%	$1,000,000	Greater Than $1,000,000

1.2 (Sales Tax)

Product	Sales Tax in % of Value
Food	3%
Oil	20%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

1.3 (Industrial Tax)

Industry Size	Equation for Taxes Paid	Taxes Per Store/Facility
Within 1 Constituency	(Number of Stores)*(Taxes Per Store)	$500
Within (x number) Constituencies	(Number of Stores)*(Taxes Per Store)	$1,000
Nation Wide	(Number of Stores)*(Taxes Per Store)	$5,000
International	(Number of Stores)*(Taxes Per Store)	$10,000

1.4 (Import Tax)

Product	Tax in % of Value
Food	3%
Oil	50%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

2.1 (Expenditures)

Department	Annual Funds
Defense	$15,000,000,000
Interior	$10,000,000,000
Foreign Affairs	$10,000,000
Treasury	$200,000,000
Justice	$5,000,000,000
Health	$50,000,000,000
Education	$60,000,000,000
Environment	$5,000,000,000
Energy	$20,000,000,000
Infrastructure and Transportation	$50,000,000,000
Research	$5,000,000,000
Labor	$50,000,000,000
Telecommunications	$1,000,000,000
Senatorial Pay	$400,000,000
Total	$275,210,000,000

[Next Washington]

We are not getting provinces... There is notting like that...

it's in the constitutional convention... but it could take some time...

ok: let's simply stay at 5 governors, this can be changed lateron when the provinces are here

[Belmaria]

The Aurentine Fiscal Act of 2013

Author: Dragomere | Category: Business and Finance | Urgency: Extremely High | Sponsors:

Article 1
Whereas, the nation needs a fair and balanced budget;

Whereas, no fair and balanced budget has been passed;

Mandates that the following rules be put in place for all budgets:
1. The Working Class shall be taxed less than the rich;
2. The Senate of Aurentina shall never pass a budget that has a deficit; and
3. The priorities in the budget shall always be Defense, Education, Healthcare, and Welfare.

Article 2

Decrees the following:
1. Article 1 and Article 2 may not be amended in the same bill; and
2. Any Article 1 may not be amendable separately, but can only be amended as a whole

Article 3 (Taxes)

Mandates a Income Tax that shall follow Chart 1.1

Mandates a Sales Tax that shall follow Chart 1.2

Mandates a Industrial Tax that shall follow Chart 1.3

Mandates a Import Tax that shall follow Chart 1.4

Article 4 (Expenditures)

Mandates that the expenditures shall spent on the categories in the exact proportions as in Chart 2.1

Article 5

Mandates that this budget will expire on October 31, 2014.

Charts
1.1 (Income Tax)

% Paid in Taxes	Minimum Income	Maximum Income
0%	$0.00	$29,999
15%	$30,000	$59,999
30%	$60,000	$89,999
35%	$90,000	$119,999
40%	$120,000	$199,999
45%	$200,000	$499,999
50%	$500,000	$999,999
55%	$1,000,000	Greater Than $1,000,000

1.2 (Sales Tax)

Product	Sales Tax in % of Value
Food	3%
Oil	20%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

1.3 (Industrial Tax)

Industry Size	Equation for Taxes Paid	Taxes Per Store/Facility
Within 1 Constituency	(Number of Stores)*(Taxes Per Store)	$500
Within (x number) Constituencies	(Number of Stores)*(Taxes Per Store)	$1,000
Nation Wide	(Number of Stores)*(Taxes Per Store)	$5,000
International	(Number of Stores)*(Taxes Per Store)	$10,000

1.4 (Import Tax)

Product	Tax in % of Value
Food	3%
Oil	50%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

2.1 (Expenditures)

Department	Annual Funds
Defense	$15,000,000,000
Interior	$10,000,000,000
Foreign Affairs	$10,000,000
Treasury	$200,000,000
Justice	$5,000,000,000
Health	$50,000,000,000
Education	$60,000,000,000
Environment	$5,000,000,000
Energy	$20,000,000,000
Infrastructure and Transportation	$50,000,000,000
Research	$5,000,000,000
Labor	$50,000,000,000
Telecommunications	$1,000,000,000
Senatorial Pay	$400,000,000
Total	$275,210,000,000

Funny how the USLP and the government use the same cap tax rate. And the Progress Coalition says they aren't socialist. Phhhh.

[Dragomere]

The Aurentine Fiscal Act of 2013

Author: Dragomere | Category: Business and Finance | Urgency: Extremely High | Sponsors:

Article 1
Whereas, the nation needs a fair and balanced budget;

Whereas, no fair and balanced budget has been passed;

Mandates that the following rules be put in place for all budgets:
1. The Working Class shall be taxed less than the rich;
2. The Senate of Aurentina shall never pass a budget that has a deficit; and
3. The priorities in the budget shall always be Defense, Education, Healthcare, and Welfare.

Article 2

Decrees the following:
1. Article 1 and Article 2 may not be amended in the same bill; and
2. Any Article 1 may not be amendable separately, but can only be amended as a whole

Article 3 (Taxes)

Mandates a Income Tax that shall follow Chart 1.1

Mandates a Sales Tax that shall follow Chart 1.2

Mandates a Industrial Tax that shall follow Chart 1.3

Mandates a Import Tax that shall follow Chart 1.4

Article 4 (Expenditures)

Mandates that the expenditures shall spent on the categories in the exact proportions as in Chart 2.1

Article 5

Mandates that this budget will expire on October 31, 2014.

Charts
1.1 (Income Tax)

% Paid in Taxes	Minimum Income	Maximum Income
0%	$0.00	$29,999
15%	$30,000	$59,999
30%	$60,000	$89,999
35%	$90,000	$119,999
40%	$120,000	$199,999
45%	$200,000	$499,999
50%	$500,000	$999,999
55%	$1,000,000	Greater Than $1,000,000

1.2 (Sales Tax)

Product	Sales Tax in % of Value
Food	3%
Oil	20%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

1.3 (Industrial Tax)

Industry Size	Equation for Taxes Paid	Taxes Per Store/Facility
Within 1 Constituency	(Number of Stores)*(Taxes Per Store)	$500
Within (x number) Constituencies	(Number of Stores)*(Taxes Per Store)	$1,000
Nation Wide	(Number of Stores)*(Taxes Per Store)	$5,000
International	(Number of Stores)*(Taxes Per Store)	$10,000

1.4 (Import Tax)

Product	Tax in % of Value
Food	3%
Oil	50%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

2.1 (Expenditures)

Department	Annual Funds
Defense	$15,000,000,000
Interior	$10,000,000,000
Foreign Affairs	$10,000,000
Treasury	$200,000,000
Justice	$5,000,000,000
Health	$50,000,000,000
Education	$60,000,000,000
Environment	$5,000,000,000
Energy	$20,000,000,000
Infrastructure and Transportation	$50,000,000,000
Research	$5,000,000,000
Labor	$50,000,000,000
Telecommunications	$1,000,000,000
Senatorial Pay	$400,000,000
Total	$275,210,000,000

Funny how the USLP and the government use the same cap tax rate. And the Progress Coalition says they aren't socialist. Phhhh.

I was lazy and used the cap tax rate from the governments version

[Glasgia]

I guess it looks like the discussion has moved to here.

No. At best the max you should have in the executive council (those that lead the bank in ECB) are 6.

If we're to represent multiple groups, six is not enough. I agree the executive should be as small as possible, to be efficient, but we need to strike a compromise between efficiency and representation.

And they need to meet every single day.

Preferably, yes. At least every other day.

Puting a goverment or worker controled is wrong as well. You should not have anyone influence the role of the central bank. The bank needs to be independent as much as it can get.
In this way the goverment can try to make the bank works its way. The workes would attempt to make it more like they want. And that would prevent the bank for working the way it should.

Any central bank is an undeniable part of government policy. If that policy is to make the central bank independent, then that's fair enough, but removing government control from the central bank heavily favours Classical Liberal policies. Remember, this is the same bank that prints currency and holds the reserve, as well as possibly collecting tax - the act is not clear in this regard. If a government is to have any fiscal policy at all, right or left wing, they must be represented in the National Bank.

As for the workers, I see no reason for them not to be represented. Though the bank must have the nation in mind first, the workers of the bank are also important. There must be someone to object if it is decided that cutting employees and reducing wages will aid the bank as a business - it may do so in the short term, therefore being in the interests of a government and professionals who know they will be replaced in under two months anyway.

and headed, but not run, by a government-appointed spokesperson not to mention this. it infringes on the right of the central bank to be run the way it should be run. The goverment normaly has ZERO influence in the central bank. At least it should have. That is why in most countries the governor is proposed by the president of the country and voted in by the parlament.

Don't understand most of this, sorry.

i think 6 members, 1 president and 5 governors, are enough- this proves that you are from the USA. they are vice governors. You can not have a chairman that is a governor of the central bank and 5 other governors. The us federal reseve is devided in 12 parts so thats why it is there. We are not a federation for that.

A) I'm British.
B) We do actually have a federal system, which is why I suggested one member elected from each province.
C) No idea what you're talking about with the vice governors and the US Federal Reserve

---

Anyway, I've worked on an amendment to the Financial Act of 2013. I present to you Article I, Section D:

D-
i) Establishes the National Financial Council.
ii) As the NFC is intended to take actions concerning the Aurentine people, the Aurentine government and employees of the bank, it will be composed as to represent all. The NFC shall have thirty seven members, selected as follows: each province shall elect a member as chosen by provincial residents eligible to vote in elections; five members shall be appointed at the discretion the Minister of Finance; five members shall be elected as chosen by all paid employees of the National Bank; a spokesperson shall be appointed to head, but not to run, the NFC at the discretion of the Minister of Finance.
iii) The NFC shall determine all decisions of the National Bank, delegating as need, as the bank's executive body.

Funny how the USLP and the government use the same cap tax rate. And the Progress Coalition says they aren't socialist. Phhhh.

Actually, most of us say we are Socialist. Some of us aren't, so some of us don't. But I don't know why you think we say we aren't Socialist. Anyway, it's less of us having the same tax rate as the extremist Revolutionary Socialists and the Revolutionary Socialists apparently being lazy enough to largely copy our taxes.

[Ainin]

Funny how the USLP and the government use the same cap tax rate. And the Progress Coalition says they aren't socialist. Phhhh.

Funny how both fascists and libertarians breathe air. And the Libertarians say they aren't fascist. Phhhh.

That's a composition-division deductive fallacy.

[New Zepuha]

C) No idea what you're talking about with the vice governors and the US Federal Reserve

In the US we have something called a Lieutenant-Governor who serve as the Governor's deputy.

[Next Washington]

C) No idea what you're talking about with the vice governors and the US Federal Reserve

In the US we have something called a Lieutenant-Governor who serve as the Governor's deputy.

i'm from europe

in europe, the ecb consists of one president and 27 governors, each governor head of the cb in his country

[Macedonian Grand Empire]

Fiscal policy is not a Monetary policy. They do not go tougether.
About the workers no. The council works on the monetary policy and workers can be much more easier to be manipulated by outside sources.
About job cuts or hiring there is one thing called the HR department.
just to repost it here.

[Next Washington]

so should we prohibit the nb members from voting and holding another position? as many are demanding even more independence from government

[Dragomere]

The Aurentine Fiscal Act of 2013

Author: Dragomere | Category: Business and Finance | Urgency: Extremely High | Sponsors:

Article 1
Whereas, the nation needs a fair and balanced budget;

Whereas, no fair and balanced budget has been passed;

Mandates that the following rules be put in place for all budgets:
1. The Working Class shall be taxed less than the rich;
2. The Senate of Aurentina shall never pass a budget that has a deficit; and
3. The priorities in the budget shall always be Defense, Education, Healthcare, and Welfare.

Article 2
Any Supporters?
Decrees the following:
1. Article 1 and Article 2 may not be amended in the same bill; and
2. Any Article 1 may not be amendable separately, but can only be amended as a whole

Article 3 (Taxes)

Mandates a Income Tax that shall follow Chart 1.1

Mandates a Sales Tax that shall follow Chart 1.2

Mandates a Industrial Tax that shall follow Chart 1.3

Mandates a Import Tax that shall follow Chart 1.4

Article 4 (Expenditures)

Mandates that the expenditures shall spent on the categories in the exact proportions as in Chart 2.1

Article 5

Mandates that this budget will expire on October 31, 2014.

Charts
1.1 (Income Tax)

% Paid in Taxes	Minimum Income	Maximum Income
0%	$0.00	$29,999
15%	$30,000	$59,999
30%	$60,000	$89,999
35%	$90,000	$119,999
40%	$120,000	$199,999
45%	$200,000	$499,999
50%	$500,000	$999,999
55%	$1,000,000	Greater Than $1,000,000

1.2 (Sales Tax)

Product	Sales Tax in % of Value
Food	3%
Oil	20%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

1.3 (Industrial Tax)

Industry Size	Equation for Taxes Paid	Taxes Per Store/Facility
Within 1 Constituency	(Number of Stores)*(Taxes Per Store)	$500
Within (x number) Constituencies	(Number of Stores)*(Taxes Per Store)	$1,000
Nation Wide	(Number of Stores)*(Taxes Per Store)	$5,000
International	(Number of Stores)*(Taxes Per Store)	$10,000

1.4 (Import Tax)

Product	Tax in % of Value
Food	3%
Oil	50%
Electronics	10%
Toys	5%
Furnature	15%
Clothes/Textiles	7%
Weapons	10%
Chemicals	12%
Pharmaceutical Drugs	15%
Recreational Drugs	50%
Alcohol	25%
Other	5%

2.1 (Expenditures)

Department	Annual Funds
Defense	$15,000,000,000
Interior	$10,000,000,000
Foreign Affairs	$10,000,000
Treasury	$200,000,000
Justice	$5,000,000,000
Health	$50,000,000,000
Education	$60,000,000,000
Environment	$5,000,000,000
Energy	$20,000,000,000
Infrastructure and Transportation	$50,000,000,000
Research	$5,000,000,000
Labor	$50,000,000,000
Telecommunications	$1,000,000,000
Senatorial Pay	$400,000,000
Total	$275,210,000,000

[Belmaria]

so should we prohibit the nb members from voting and holding another position? as many are demanding even more independence from government

Prohibit their characters from voting, but not the OOC individual. If someone wants to have a position on the NB council then they should make another character alongside their senator like I did.

[New Zepuha]

In the US we have something called a Lieutenant-Governor who serve as the Governor's deputy.

i'm from europe

in europe, the ecb consists of one president and 27 governors, each governor head of the cb in his country

In the US the hierarchy is.

Federal - Pres., Vice-Pres., cabinet,

State - Governor, Lt.Governor, State Senate, State House of Representatives.

County - City-County Council comprising of one member from every city above 20k citizens

City/Town/Village - City/Town Council comprising of a number of reps set by the State.

[Next Washington]

so should we prohibit the nb members from voting and holding another position? as many are demanding even more independence from government

Prohibit their characters from voting, but not the OOC individual. If someone wants to have a position on the NB council then they should make another character alongside their senator like I did.

nice idea

[Next Washington]

i'm from europe

in europe, the ecb consists of one president and 27 governors, each governor head of the cb in his country

In the US the hierarchy is.

Federal - Pres., Vice-Pres., cabinet,

State - Governor, Lt.Governor, State Senate, State House of Representatives.

County - City-County Council comprising of one member from every city above 20k citizens

City/Town/Village - City/Town Council comprising of a number of reps set by the State.

thanks for the bried indtroduction into your hierarchies

we're talking about the nationial bank and its hierarchy

[Glasgia]

Fiscal policy is not a Monetary policy. They do not go tougether.

Both are governmental financial policies and both are, according to the Financial Act of 2013, under the control of the National Bank.

About the workers no. The council works on the monetary policy and workers can be much more easier to be manipulated by outside sources.
About job cuts or hiring there is one thing called the HR department.

Workers can be manipulated, so they should have no say in monetary policy. The public can be manipulated, so they should have no say in governmental... No. It doesn't work. We are a democratic nation. If a decision will effect someone, that person is entitled some representation in that decision. For the same reason Aurentine citizens elect representatives to the senate every two months, workers are entitled to elect their own representatives to the NFC.

Human Resource departments, meanwhile, are derogatory in name and exist normally only to advise the executive in maximising worker productivity rather than representing the wishes of the workers.

[Next Washington]

latest draft from me:

First Amendment to the Financial Act of 2013

---

Category: Business and Finance | Urgency: Paramount | Sponsors:

---

Foreword
Aurentina does currently neither have a budget, nor deposits in the National Bank to pay its liabilities, enactable by a CR, with money out of his vaults. The National Bank has not been established yet. It will be lead by a President, who can make short-term decisions, recognizing that "short-term" in financial matters means less than one year effects, on his own decisions.
To limit the President's power, this amendment creates the Governors Council, consisting of 5 Governors, and also defines how exactly the President may be impeached.

---

Amendment to Article 1. D.
"The President may be impeached with a simple majority vote in the Senate o.t.A.C.."
New Article 1. E.
"A council of 5 people shall be created under the name "Governors Council of the National Bank of the Aurentine Commonwealth". This council shall consist of 5 Governors, each one appointed by the President of the Aurentine Commonwealth. Each party may send maximum one Governor into the council.
The Governors must swear their independance from their party and the Aurentine government concerning the monetary policy of the National Bank of the Aurentine Commonwealth.
The Governors must develop the short-, middle- and long-term monetary policy of the National Bank o.t.A.C. together with the President of the N.B.o.t.A.C..
The Governors can overrule short-term measurements of the President N.B.o.t.A.C. with a 3/5 vote.
Every Governor may serve infinitive times.
Every Governor is impeachable by the Senate of t.A.C. with a simple majority vote.
No Governor must hold another political office."

---

Epilogue
This amendment decreases the power of the President of the N.B.o.t.A.C. and increases control and share of power by founding the Governors Council.

[Belmaria]

latest draft from me:

First Amendment to the Financial Act of 2013

---

Category: Business and Finance | Urgency: Paramount | Sponsors:

---

Foreword
Aurentina does currently neither have a budget, nor deposits in the National Bank to pay its liabilities, enactable by a CR, with money out of his vaults. The National Bank has not been established yet. It will be lead by a President, who can make short-term decisions, recognizing that "short-term" in financial matters means less than one year effects, on his own decisions.
To limit the President's power, this amendment creates the Governors Council, consisting of 5 Governors, and also defines how exactly the President may be impeached.

---

Amendment to Article 1. D.
"The President may be impeached with a simple majority vote in the Senate o.t.A.C.."
New Article 1. E.
"A council of 5 people shall be created under the name "Governors Council of the National Bank of the Aurentine Commonwealth". This council shall consist of 5 Governors, each one appointed by the President of the Aurentine Commonwealth. Each party may send maximum one Governor into the council.
The Governors must swear their independance from their party and the Aurentine government concerning the monetary policy of the National Bank of the Aurentine Commonwealth.
The Governors must develop the short-, middle- and long-term monetary policy of the National Bank o.t.A.C. together with the President of the N.B.o.t.A.C..
The Governors can overrule short-term measurements of the President N.B.o.t.A.C. with a 3/5 vote.
Every Governor may serve infinitive times.
Every Governor is impeachable by the Senate of t.A.C. with a simple majority vote.
No Governor must hold another political office."

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Epilogue
This amendment decreases the power of the President of the N.B.o.t.A.C. and increases control and share of power by founding the Governors Council.

Why did you remove my sponsorship? I never withdrew it.