NSG Senate Coffee Shop: Want Any Cream or Sugar with That?

[The Intergalactic Universe Corporation]

Endorsements or sponsors or suggestions for my bill?

[Eol Sha]

Elizia's primary export is rice, this bill will protect Elizian Rice Farmers from unjust foreign competition by raising tariffs on foreign countries and removing excises on local grown rice.

But if we put tariffs on other countries' goods, they will put tariffs on our main export: rice. This will not help the rice farmers.

This is also my concern. Since Elizia doesn't have much of a diverse economy, putting tariffs on foreign imports may result in retaliation that could damage our economy.

[Ikania]

Reminding you all that this still exists, and only needs one more sponsorship for the depository. Gave it a fancy new name to remove neoliberal buzzwords.

Transport Denationalization and Decentralization Act
Author: Ezra Suleiman (SLP)
Sponsors: Linanto Aiguo (LDP), Chi Guozhi (LDP), Arthur Tan (LDP)

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Preamble

Under the stranglehold of the single-party system, whereby the Elizian National Congress controlled the economy, the public transport sector of Elizia was given a state-sponsored monopoly to work with. Competition was stifled in favour of state control of this sector of the Elizian economy. Given the democratization of Elizia, and the potential for economic prosperity through investment in our railways and a competitive public transport economy, the Elizian Federation has much to gain from the careful privatization of the public transport sector, and a shift from statism to liberalism. The purpose of this bill is to privatize the public transportation sector, while retaining economic stability and quality through retaining some state-run options. The outcome this bill aims for is the benefit of not only the economy, but the welfare of the citizens who use public transport in their daily lives.

Article I

I. For the purpose of this bill, the term 'Railway Infrastructure' refers to: all tracks, rails, signalling, tunnels, bridges, level crossings and stations currently in possession of the Department of Transport and Infrastructure. for the sole purpose of public transport via rail.

II. For the purpose of this bill, the term 'Transit Infrastructure' refers to: all tracks, lanes, signalling, tunnels, bridges, level crossings and stations currently in possession of the Department of Transport and Infrastructuret for the sole purpose of public transport via bus.

III. For the purpose of this bill, the term 'Train' refers to: Freight cars, passenger trains, high speed rail cars, light rail cars and locomotives currently in possession of the Department of Transport and Infrastructure, and when divided, proportionally given an equal amount of freight cars, passenger trains, et al.

IV. References to the Department of Public Services and the Department of Transport and Infrastructure also include, should such Departments not exist at the passage of this bill, the equivalent governmental authority that currently manages Railway Infrastructure, Transit Infrastructure and Trains in Elizia.

Article II

I. The Department of Transport and Infrastructure is tasked with the creation of a new, privately-held company with an executive structure determined by the Secretary of Public Services, with an executive Board of Directors composed of no less than eight (8) individuals approved by the President and the Secretary of Transport and Infrastructure.

II. The purpose of the company is to manage, maintain and improve the Railway Infrastructure of the nation.

III. Ownership of Railway Infrastructure will be transferred to said company immediately following its creation.

IV. For the purpose of stability, the Secretary of Public Services will appoint either themselves or another individual approved by the President of the Federation as President of the company for a period of up to one year before the position is chosen by the Board of Directors.

Article III

I. The Department of Transport and Infrastructure is tasked with the creation of a new, state-run company with an executive structure determined by the Secretary of Public Services, and an executive board of no less than eight (8) members, nominated by the Secretary of Transport and Infrastructure and appointed by the President of the company. The Secretary of Public Services will be responsible for the nomination of a company President, to be confirmed by the President of the Federation.

II. The purpose of this company is to provide a public option for railways in Elizia, both as a foothold in the industry to prevent monopolies, and to provide a reliable service when other private sector options fail.

III. One third of all trains currently under the management of the Department of Transport and Infrastructure (to be divided as per Article I, Section III) will be transferred to the ownership of the company created in Section I of Article III.

IV. The other two thirds of Department-owned trains will be franchised separately to train operating companies for a period of up to eight years. When franchising is complete, each train will be lent to the company established in Section I of Article III, until the Department can re-franchise it to another company or renew the existing franchise.

Article IV

I. All buses and bus transit-related assets under the ownership of the Department of Transport and Infrastructure will become property of the provincial government of the Elizian province they are based in as of the passage of this act. Provinces and provincial governments refer to such terms as enshrined in the Constitution, Section I of Article III and Sections I and II of Part V.

II. The official authority on the matter of public transport within the Provinces shall lie in the Provincial governments.

[Camber and Dufector-Summits]

-snip-

[Malgrave]

artificially creating competition on the rail network is a stupid idea.

[FreYhill]

Elizian Economic Investment Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors: Arthur Tan (Liberal Democrats)

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An Act to ignite the Elizian Market through investment committed by the Federal Government, allowing Enterprise to grow whilst increasing Consumer Confidence within the Federation of Elizia.


BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishments

A) The Elizian Economic Investment Act mandates that the Government of the Federation of Elizia establishes the Elizian Futures Commission.

1. The Elizian Futures Commission (EFC) shall be headed by the President of the Federation, where there would be a Commissioner appointed to implement decisions executed by the legislature.
2. The Commissioner of the Elizian Futures Commission shall be nominated by the President of the Federation, where the legislature shall vote upon it.
3. The Commissioner shall act as a Central Executive Officer under the command of the President, who shall be treated as the director.
4. The Commissioner shall establish a hierarchy of executive no lower than 2 and no higher than 10 to assist in the Commission’s operations.
5. The Elizian Futures Commission shall be funded through the Finance Office & Dividends produced by Investments.

§2 - Sovereign Wealth Funds

A) Investments are to be conducted by two sovereign wealth funds established to manage finance in the government coffers and to grow those funds for the government.

1. They shall be called the Government Investment Corporation of Elizia and Elizian Investment Holdings, and shall be managed as for profit private companies that are not listed on the stock exchange.
2. These companies will give 60% of the profit they make on investments to the government, while the other 40% is used to fund the operations of the company.
3. The investment companies shall be given broad freedoms to invest in other enterprises, local or foreign, and their holdings shall not constitute holdings owned by the government.
4. These companies are required to submit quarterly reports to the Finance Ministry, but are not required to hold any Annual General Meetings due to them not being listed on the stock exchange.

§3 - Criteria & Allocations

A) The Elizian Economic Investment Act mandates that the Elizian Futures Commission invests in Elizian Enterprise that meets the following criteria;

1. Said Enterprise is classed as a Public Company;
2. The said Enterprise is listed on the Elizian Stock Exchange based in Victoria, Kentang;
3. The said Enterprise has released a financial surplus in the last fiscal year, and;
4. The said Enterprise is classed as a Medium or Large Business.

B) The Elizian Economic Investment Act hereby defines a Medium Business as an Enterprise with a financial threshold between $250,000 and $100,000 Bulats and an employee count between 20-199. Whereas the Elizian Economic Investment Act hereby defines a Large Business as an Enterprise with a financial threshold higher than $250,000 Bulats and an employee count of 200 and higher.
C) The Elizian Economic Investment Act mandates that the Elizian Futures Commission should invest in the following Elizian Markets to surge start innovation and private investment within the Federation of Elizia;

1. Medicine
2. Financial Services
3. Electronics
4. Industrial Markets such as Clothing and Manufacturing
5. Clothing, and;
6. Tourism

§4 - Misc

A) The Elizian Economic Investment Act shall be enacted into effect upon the passing of the Elizian Stock Exchange Act.

[FreYhill]

Elizian Stock Exchange Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors: Michael Vives (Liberal Democrats), Arthur Tan (Liberal Democrats)

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An Act to establish the Kentang Stock Exchange under the guidance of the Elizian Securities and Investments Commission, which would ultimately boost enterprise and consumer confidence within the Federation of Elizia. This act also aims to lay the groundwork and rules for the establishment of other stock exchanges within Elizia in future.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishment of the Elizian Securities and Investments Commission

A) The Elizian Stock Exchange Act hereby establishes the Elizian Securities and Investments Commission, where the commission shall execute certain powers allocated within this Act to ensure stability within the Securities Sector.
B) The Elizian Securities and Investments Commission (ESIC) shall be headed by a Commissioner that is nominated by the President of the Federation and voted upon by the Senate of the Federation.

1. The Term of the Elizian Securities and Investments Commissioner shall last 4 Years, and is permitted to recur once.

C) The Elizian Securities and Investments Commission shall be composed of no fewer of 3 members and no higher of 8.

1. Members of the Elizian Securities and Investments Commission shall be appointed by the Elizian Securities and Investments Commissioner.
2. Members of the Elizian Securities and Investments Commission shall be qualified at least in one of the the following fields;
   
   1. Business
   2. Administration of Companies
   3. Financial Markets
   4. Financial Products & Financial Services
   5. Law
   6. Economics
   7. Accounting

D) The Elizian Securities and Investments Commission shall have the following executive powers to ensure that Consumer and Enterprise Confidence is maintained within the Federation;

1. The Elizian Securities and Investments Commission will be granted the executive powers to halt stock trading of any company if it finds the trading patterns to be irregular or suspicious, and has the right to detain and prevent any suspected insider trader from leaving the country by issuing a warrant of arrest.
2. The Elizian Securities and Investments Commission will be granted the executive powers to force investigations into companies without their prior approval if it deems the company to be violating the rules set out by the commission.
3. The Elizian Securities and Investments Commission will be granted the executive powers to bar traders from trading if it deems them to have violated the rules set out by the commission
4. The Elizian Securities and Investments Commission will be granted the executive powers to force a company to halt all operations outside stock trading if it deems the violation of rules within the stock market serious enough that it would jeopardise operations outside the stock market.

E) The Elizian Securities and Investments Commission shall advise the Secretary of Finance on its own initiative or on request as it sees fit for the benefit of the Federation.

§2 - Establishment of the Kentang Stock Exchange

A) The Elizian Stock Exchange Act hereby establishes the Kentang Stock Exchange, where its call code shall be KSE. The KSE shall be the primary stock exchange within the Federation.
B) The Kentang Stock Exchange shall be headquartered within Victoria, Kentang at the current Stock Exchange building.
C) All companies, state-owned or private, are able to list on the KSE, provided they agree to the terms and conditions laid out by the KSE.
D) All listed companies must hold an annual general meeting at least once a year to share with investors about the progress and direction of the company, and for investors to question the management on issues within the company.
E) All listed companies are required to have a board of directors consisting of the top 5 largest shareholders in the company, and these directors will be responsible for overseeing the management of the company’s operations and to see that the company is operating in the shareholders’ interests.
F)All boards of directors are required to have at least 3 independent directors who will be paid to oversee operations to ensure that the interests of the minority shareholders will be served and not overshadowed by the interests of the biggest shareholders.

[The Westenian Union]

Elizian Stock Exchange Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors:

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An Act to establish the Kentang Stock Exchange under the guidance of the Elizian Securities and Investments Commission, which would ultimately boost enterprise and consumer confidence within the Federation of Elizia. This act also aims to lay the groundwork and rules for the establishment of other stock exchanges within Elizia in future.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishment of the Elizian Securities and Investments Commission

A) The Elizian Stock Exchange Act hereby establishes the Elizian Securities and Investments Commission, where the commission shall execute certain powers allocated within this Act to ensure stability within the Securities Sector.
B) The Elizian Securities and Investments Commission (ESIC) shall be headed by a Commissioner that is nominated by the President of the Federation and voted upon by the Senate of the Federation.

1. The Term of the Elizian Securities and Investments Commissioner shall last 4 Years, and is permitted to recur once.

C) The Elizian Securities and Investments Commission shall be composed of no fewer of 3 members and no higher of 8.

1. Members of the Elizian Securities and Investments Commission shall be appointed by the Elizian Securities and Investments Commissioner.
2. Members of the Elizian Securities and Investments Commission shall be qualified at least in one of the the following fields;
   
   1. Business
   2. Administration of Companies
   3. Financial Markets
   4. Financial Products & Financial Services
   5. Law
   6. Economics
   7. Accounting

D) The Elizian Securities and Investments Commission shall have the following executive powers to ensure that Consumer and Enterprise Confidence is maintained within the Federation;

1. The Elizian Securities and Investments Commission will be granted the executive powers to halt stock trading of any company if it finds the trading patterns to be irregular or suspicious, and has the right to detain and prevent any suspected insider trader from leaving the country by issuing a warrant of arrest.
2. The Elizian Securities and Investments Commission will be granted the executive powers to force investigations into companies without their prior approval if it deems the company to be violating the rules set out by the commission.
3. The Elizian Securities and Investments Commission will be granted the executive powers to bar traders from trading if it deems them to have violated the rules set out by the commission
4. The Elizian Securities and Investments Commission will be granted the executive powers to force a company to halt all operations outside stock trading if it deems the violation of rules within the stock market serious enough that it would jeopardise operations outside the stock market.

E) The Elizian Securities and Investments Commission shall advise the Secretary of Finance on its own initiative or on request as it sees fit for the benefit of the Federation.

§2 - Establishment of the Kentang Stock Exchange

A) The Elizian Stock Exchange Act hereby establishes the Kentang Stock Exchange, where its call code shall be KSE. The KSE shall be the primary stock exchange within the Federation.
B) The Kentang Stock Exchange shall be headquartered within Victoria, Kentang at the current Stock Exchange building.
C) All companies, state-owned or private, are able to list on the KSE, provided they agree to the terms and conditions laid out by the KSE.
D) All listed companies must hold an annual general meeting at least once a year to share with investors about the progress and direction of the company, and for investors to question the management on issues within the company.
E) All listed companies are required to have a board of directors consisting of the top 5 largest shareholders in the company, and these directors will be responsible for overseeing the management of the company’s operations and to see that the company is operating in the shareholders’ interests.
F)All boards of directors are required to have at least 3 independent directors who will be paid to oversee operations to ensure that the interests of the minority shareholders will be served and not overshadowed by the interests of the biggest shareholders.

Michael Vives supports and sponsors this act.

[Eol Sha]

*snip*

A stock exchange? That's not premature?

[FreYhill]

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Michael Vives supports and sponsors this act.

Added.

[FreYhill]

*snip*

A stock exchange? That's not premature?

Apparently there is already one from the ENC days, I'm just bringing out the legislation to suit current day Elizia

[Eol Sha]

A stock exchange? That's not premature?

Apparently there is already one from the ENC days, I'm just bringing out the legislation to suit current day Elizia

Ah. Do most countries have a stock exchange?

[FreYhill]

Apparently there is already one from the ENC days, I'm just bringing out the legislation to suit current day Elizia

Ah. Do most countries have a stock exchange?

Yes, it just depends on the size. Heck, Myanmar has one

[Eol Sha]

Ah. Do most countries have a stock exchange?

Yes, it just depends on the size. Heck, Myanmar has one

North Korea, too?

Anyway, I'll read through it.

[FreYhill]

Yes, it just depends on the size. Heck, Myanmar has one

North Korea, too?

Anyway, I'll read through it.

Nah, North Korea doesn't have one

[Sardeed]

First bill of mine; would anyone like to sponsor?

Administrative Conference Act
Author: Sardeed
Sponsors: Eredion, Argentarino, Skyviolia

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An Act of the Federal Parliament to establish the Elizian Administrative Conference

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 – Membership:

1. There shall be Members of the Conference, hereon referred to as Members. Each political party with more than four members shall be entitled to select one Member, any political party with more than ten shall be entitled to select two members.
2. The Chairman of the Conference shall be the presiding officer and representative of the Conference. The Chairman shall be appointed by the Senate of Elizia by a majority vote of members upon the joint nomination of the President of the Federation and the Leader of the Opposition.
3. Members shall hold their offices until the next Parliamentary Election, and shall subsequently not be removed without the approval of two-thirds majority of the Senate and the consensus of a majority of party members with distinguished jurisdiction specified under §1,a.
4. Members shall represent the diversity of the people of Elizia and shall utilise diverse and adequate ability.
5. No member of the Conference shall be rewarded any salary or reimbursement for being a member.
6. The President, the Vice-President, and the Leader of the Opposition may not be sitting Members of the Conference. Ministers of the Cabinet and Shadow Cabinet members may sit provided that they do not let their positions alter their better judgement.

§2 – Organization of the Conference

1. The Conference shall, by majority consent of its members, enumerate all rules of proceedings for the purpose of its function, provided that the Act is observed.
2. The Conference may create committees for the purpose of executing certain functions of the Conference. The Conference shall have the power to, by majority consent of the membership, enumerate all rules of proceeding for the purpose of the function of the committees as provided under the aforementioned Act.
3. Two-thirds of the membership in any vote shall constitute a quorum.
4. Should there be any conflict of interest present when involving a matter before the Conference where a Members better judgement could be deterred, the member shall recuse themselves from the Conference; to satisfy the quorum, the party leader shall temporary appoint a member to serve on the behalf of the recused.

§3 – Duties and Powers of the Conference

1. The Conference shall have the power -
   1. Examine the efficiency, capability, ability, fairness and adequacy of Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera.
   2. Compile reports on findings of efficiency, capability, ability, fairness and adequacy of Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera to the Senate of the Federation, detailing all findings.
   3. To provide for an adequate exchange of information and to examine the exchange of information between Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera .
   4. To provide for analysis of the operations of Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera and to compile information on the improvement of certain institutions.
   5. To communicate with the leaders of Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera on affairs and improvements; for all administrative purposes.
   6. To receive, consider and refer reports to and from committees.
   7. To receive audits from Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera and to determine that financial integrity is complied to.
   8. To investigate allegations of maladministration within Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera and to report such allegations directly to the Senate.
   9. To report on the integrity of government statistics and objectives, and to supervise that these objectives are met.
   10. To mediate matters of government accountability, and to safeguard government ethics.
2. The Chairman of the Conference shall be the presiding officer, and shall have the power -
   1. To chair all meetings of the Conference; to therefore act as a mediator in disputes.
   2. To be the chief representative of the Conference before Federal Institutions, Departments, Ministries, Offices, Councils, Commissions, et cetera
   3. To bring matters of discussion before the Conference or to bring attention to an issue at hand.
   4. To, upon the consent of the Conference request information, statistics, testimonies, audits, et cetera
   5. To advise the body on important matters of administration.
3. The Conference shall have no authoritative criminal investigative authority, but it may refer a matter to the Department of Justice or any other inquisitorial authority for criminal oversight and probing.
4. The Conference may forcibly subpoena statistics, non-incriminating evidence, or audits within its jurisdiction; but it may not do so when persons or possibly incriminating information against a person is in question unless the Senate authorises such a release.
   1. Non-incriminating evidence shall be any statistic, fact, or information which cannot logically conclude to a violation of a criminal statute where judicial relief or indictments may be sought.

§4 – Appropriation of the Conference
Appropriations for the Conference shall be requested by the Chairman on the advice of the Conference. These enumerated appropriations shall be drawn from the general Budget of the Senate and subsequent legislative offices therein.

Li Zhang also sponsors all bills by the Opposition.

[Eredion]

First bill of mine; would anyone like to sponsor?

Yeah sure I think I´d like to sponsor. Luen Veas.

[The Intergalactic Universe Corporation]

Michael Vives supports and sponsors this act.

Added.

Sponsored the Stock Exchange bill

[The Intergalactic Universe Corporation]

Sponsors for my bill?

State-Owned Enterprises Restructuring & Reform Act
Author: Arthur Tan (LDP)
Sponsors: Chi Guozhi (LDP) | Yang Lau Chan (LDP) | Linanto Aiguo (LDP) |

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An Act of the Federal Parliament to make provision for a more open and welcoming investment and economic climate for foreign investors, and to ensure that the people have a say in the running of business, and that businesses are more accountable to the public and are more inclined to provide better services to the public by exposing them to more competition from overseas and local private companies.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 – Definitions:
Company: A company is an entity that is formed and administered by individuals in the private sector as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service.
State-Owned Enterprises (SOEs): A state-owned enterprise (SOE) is a legal entity that is created by the government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in commercial activities.
Restructuring: Restructuring is a type of corporate action taken when significantly modifying the operations or structure of a company as a means of potentially eliminating financial harm and improving the business.
Nationalised: Owned by the public sector, the state or the government.

§2 – On The Restructuring of State-Owned Enterprises In Non-Key Industries:
A) Non-key industries are industries like the services sector, industries which do not directly impact the ability of Elizia to defend its interests when threatened in times of crisis and international conflict. Examples are: Finance, Retail, Food & Beverage, Basic Manufacturing etc.

B) The State-Owned Enterprises and Nationalised will be restructured from a wholly state-owned entity into a Government-Linked Company, one in which the largest single stakeholder will be the Government, be it through a sovereign wealth fund or a Governmental agency, and its operations turned into a for-profit based operating model.

C) The restructuring will involve the Government selling down its stake in the State-Owned Enterprises till its remaining holdings are below the threshold of 45% of company ownership, and open the sale of company shares to the public, or to other businesses without any form of other governmental agency bidding for purchases of shares during the selling process, which is to be done via the stock market. This is to ensure that the public has a say when it comes to the running of major companies, and ensures that the company is more accountable and transparent.

D) The shares will only be sold to Elizian businesses and citizens, and the shares will be sold at a rate at which ordinary Elizians earning the average income of $2400 annually will be able to afford. This will ensure that the public will have a say when it comes to the running of these companies and ensures that the company will not be sold to foreign interests, thereby safeguarding local interests. All shareholders, including the government must be given dividends as returns on their shares like what any publicly listed company is required to do.

E) All restructured companies are required to hold 2 General Meetings with their shareholders annually, and must declare all information that their shareholders require when investing further or divesting from the shares of the company. Restructured companies must be held to the same accountability standards of private companies with shareholders and are required to establish an independent board of directors that consist of representatives of the shareholders of the company.

F) Restructured companies must be open to fair and free competition and must not be shielded or funded in any way by the government after the entity's restructuring. The companies must not be subsidised or in any way prevented from facing competition in the market by the government or the state. This is to ensure that the company is productive and does not fall into the state of complacency, and if it does, it will be bought over or face other situations like other companies that cannot survive in the free market.

G) The Government, at any time, if it views the company to be acting against the national interest, will be allowed to veto any such action made by the company's other directors and is able to take control over the company by force if it deems necessary.

§3 – On The Nationalization of Business Entities involved in Key Industries:
A) Key industries are defined as industries which directly affect the well being and national security of Elizia when it is in times of crisis and in times of international conflict. Examples include: Utilities, Arms Manufacturing/Defence Industry and Telecommunications. The transport industry is exempt from this because it will be under state ownership to serve the public good, as having private operators would just create a natural monopoly, something that is detrimental to the creation of a free market.

B) The government of Elizia is exempted from selling its stake to the threshold of 35% mentioned in article 2, and is partially exempt from clause F of article 2, but has to follow the clauses of the other articles mentioned in article 2.

C) The government may keep its stake to the threshold of 65% when selling off its stake in the SOE that is involved in key industries. The government may subsidise and partially prevent the company from facing full competition by introducing the necessary legislation to protect national interest, whilst the company still operates with some competition in a semi-free market. This is to ensure that the company both maximises profitability and is incentivised to improve through some competition, while still serving national interest by making the government a majority stakeholder and holding the necessary influence to guide the direction of the company in case of its other shares falling into the hands of stakeholders who wish to undermine Elizian national interest.

[FreYhill]

Elizian Economic Investment Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors: Arthur Tan (Liberal Democrats)

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An Act to ignite the Elizian Market through investment committed by the Federal Government, allowing Enterprise to grow whilst increasing Consumer Confidence within the Federation of Elizia.


BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishments

A) The Elizian Economic Investment Act mandates that the Government of the Federation of Elizia establishes the Elizian Futures Commission.

1. The Elizian Futures Commission (EFC) shall be headed by the President of the Federation, where there would be a Commissioner appointed to implement decisions executed by the legislature.
2. The Commissioner of the Elizian Futures Commission shall be nominated by the President of the Federation, where the legislature shall vote upon it.
3. The Commissioner shall act as a Central Executive Officer under the command of the President, who shall be treated as the director.
4. The Commissioner shall establish a hierarchy of executive no lower than 2 and no higher than 10 to assist in the Commission’s operations.
5. The Elizian Futures Commission shall be funded through the Finance Office & Dividends produced by Investments.

§2 - Sovereign Wealth Funds

A) Investments are to be conducted by two sovereign wealth funds established to manage finance in the government coffers and to grow those funds for the government.

1. They shall be called the Government Investment Corporation of Elizia and Elizian Investment Holdings, and shall be managed as for profit private companies that are not listed on the stock exchange.
2. These companies will give 60% of the profit they make on investments to the government, while the other 40% is used to fund the operations of the company.
3. The investment companies shall be given broad freedoms to invest in other enterprises, local or foreign, and their holdings shall not constitute holdings owned by the government.
4. These companies are required to submit quarterly reports to the Finance Ministry, but are not required to hold any Annual General Meetings due to them not being listed on the stock exchange.

§3 - Criteria & Allocations

A) The Elizian Economic Investment Act mandates that the Elizian Futures Commission invests in Elizian Enterprise that meets the following criteria;

1. Said Enterprise is classed as a Public Company;
2. The said Enterprise is listed on the Elizian Stock Exchange based in Victoria, Kentang;
3. The said Enterprise has released a financial surplus in the last fiscal year, and;
4. The said Enterprise is classed as a Medium or Large Business.

B) The Elizian Economic Investment Act hereby defines a Medium Business as an Enterprise with a financial threshold between $250,000 and $100,000 Bulats and an employee count between 20-199. Whereas the Elizian Economic Investment Act hereby defines a Large Business as an Enterprise with a financial threshold higher than $250,000 Bulats and an employee count of 200 and higher.
C) The Elizian Economic Investment Act mandates that the Elizian Futures Commission should invest in the following Elizian Markets to surge start innovation and private investment within the Federation of Elizia;

1. Medicine
2. Financial Services
3. Electronics
4. Industrial Markets such as Clothing and Manufacturing
5. Clothing, and;
6. Tourism

§4 - Misc

A) The Elizian Economic Investment Act shall be enacted into effect upon the passing of the Elizian Stock Exchange Act.

Elizian Stock Exchange Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors: Michael Vives (Liberal Democrats), Arthur Tan (Liberal Democrats)

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An Act to establish the Kentang Stock Exchange under the guidance of the Elizian Securities and Investments Commission, which would ultimately boost enterprise and consumer confidence within the Federation of Elizia. This act also aims to lay the groundwork and rules for the establishment of other stock exchanges within Elizia in future.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishment of the Elizian Securities and Investments Commission

A) The Elizian Stock Exchange Act hereby establishes the Elizian Securities and Investments Commission, where the commission shall execute certain powers allocated within this Act to ensure stability within the Securities Sector.
B) The Elizian Securities and Investments Commission (ESIC) shall be headed by a Commissioner that is nominated by the President of the Federation and voted upon by the Senate of the Federation.

1. The Term of the Elizian Securities and Investments Commissioner shall last 4 Years, and is permitted to recur once.

C) The Elizian Securities and Investments Commission shall be composed of no fewer of 3 members and no higher of 8.

1. Members of the Elizian Securities and Investments Commission shall be appointed by the Elizian Securities and Investments Commissioner.
2. Members of the Elizian Securities and Investments Commission shall be qualified at least in one of the the following fields;
   
   1. Business
   2. Administration of Companies
   3. Financial Markets
   4. Financial Products & Financial Services
   5. Law
   6. Economics
   7. Accounting

D) The Elizian Securities and Investments Commission shall have the following executive powers to ensure that Consumer and Enterprise Confidence is maintained within the Federation;

1. The Elizian Securities and Investments Commission will be granted the executive powers to halt stock trading of any company if it finds the trading patterns to be irregular or suspicious, and has the right to detain and prevent any suspected insider trader from leaving the country by issuing a warrant of arrest.
2. The Elizian Securities and Investments Commission will be granted the executive powers to force investigations into companies without their prior approval if it deems the company to be violating the rules set out by the commission.
3. The Elizian Securities and Investments Commission will be granted the executive powers to bar traders from trading if it deems them to have violated the rules set out by the commission
4. The Elizian Securities and Investments Commission will be granted the executive powers to force a company to halt all operations outside stock trading if it deems the violation of rules within the stock market serious enough that it would jeopardise operations outside the stock market.

E) The Elizian Securities and Investments Commission shall advise the Secretary of Finance on its own initiative or on request as it sees fit for the benefit of the Federation.

§2 - Establishment of the Kentang Stock Exchange

A) The Elizian Stock Exchange Act hereby establishes the Kentang Stock Exchange, where its call code shall be KSE. The KSE shall be the primary stock exchange within the Federation.
B) The Kentang Stock Exchange shall be headquartered within Victoria, Kentang at the current Stock Exchange building.
C) All companies, state-owned or private, are able to list on the KSE, provided they agree to the terms and conditions laid out by the KSE.
D) All listed companies must hold an annual general meeting at least once a year to share with investors about the progress and direction of the company, and for investors to question the management on issues within the company.
E) All listed companies are required to have a board of directors consisting of the top 5 largest shareholders in the company, and these directors will be responsible for overseeing the management of the company’s operations and to see that the company is operating in the shareholders’ interests.
F)All boards of directors are required to have at least 3 independent directors who will be paid to oversee operations to ensure that the interests of the minority shareholders will be served and not overshadowed by the interests of the biggest shareholders.

[The Westenian Union]

Elizian Economic Investment Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors: Arthur Tan (Liberal Democrats)

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An Act to ignite the Elizian Market through investment committed by the Federal Government, allowing Enterprise to grow whilst increasing Consumer Confidence within the Federation of Elizia.


BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishments

A) The Elizian Economic Investment Act mandates that the Government of the Federation of Elizia establishes the Elizian Futures Commission.

1. The Elizian Futures Commission (EFC) shall be headed by the President of the Federation, where there would be a Commissioner appointed to implement decisions executed by the legislature.
2. The Commissioner of the Elizian Futures Commission shall be nominated by the President of the Federation, where the legislature shall vote upon it.
3. The Commissioner shall act as a Central Executive Officer under the command of the President, who shall be treated as the director.
4. The Commissioner shall establish a hierarchy of executive no lower than 2 and no higher than 10 to assist in the Commission’s operations.
5. The Elizian Futures Commission shall be funded through the Finance Office & Dividends produced by Investments.

§2 - Sovereign Wealth Funds

A) Investments are to be conducted by two sovereign wealth funds established to manage finance in the government coffers and to grow those funds for the government.

1. They shall be called the Government Investment Corporation of Elizia and Elizian Investment Holdings, and shall be managed as for profit private companies that are not listed on the stock exchange.
2. These companies will give 60% of the profit they make on investments to the government, while the other 40% is used to fund the operations of the company.
3. The investment companies shall be given broad freedoms to invest in other enterprises, local or foreign, and their holdings shall not constitute holdings owned by the government.
4. These companies are required to submit quarterly reports to the Finance Ministry, but are not required to hold any Annual General Meetings due to them not being listed on the stock exchange.

§3 - Criteria & Allocations

A) The Elizian Economic Investment Act mandates that the Elizian Futures Commission invests in Elizian Enterprise that meets the following criteria;

1. Said Enterprise is classed as a Public Company;
2. The said Enterprise is listed on the Elizian Stock Exchange based in Victoria, Kentang;
3. The said Enterprise has released a financial surplus in the last fiscal year, and;
4. The said Enterprise is classed as a Medium or Large Business.

B) The Elizian Economic Investment Act hereby defines a Medium Business as an Enterprise with a financial threshold between $250,000 and $100,000 Bulats and an employee count between 20-199. Whereas the Elizian Economic Investment Act hereby defines a Large Business as an Enterprise with a financial threshold higher than $250,000 Bulats and an employee count of 200 and higher.
C) The Elizian Economic Investment Act mandates that the Elizian Futures Commission should invest in the following Elizian Markets to surge start innovation and private investment within the Federation of Elizia;

1. Medicine
2. Financial Services
3. Electronics
4. Industrial Markets such as Clothing and Manufacturing
5. Clothing, and;
6. Tourism

§4 - Misc

A) The Elizian Economic Investment Act shall be enacted into effect upon the passing of the Elizian Stock Exchange Act.

Elizian Stock Exchange Act
Author: Chi Guozhi (Liberal Democrats)
Sponsors: Michael Vives (Liberal Democrats), Arthur Tan (Liberal Democrats)

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An Act to establish the Kentang Stock Exchange under the guidance of the Elizian Securities and Investments Commission, which would ultimately boost enterprise and consumer confidence within the Federation of Elizia. This act also aims to lay the groundwork and rules for the establishment of other stock exchanges within Elizia in future.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 - Establishment of the Elizian Securities and Investments Commission

A) The Elizian Stock Exchange Act hereby establishes the Elizian Securities and Investments Commission, where the commission shall execute certain powers allocated within this Act to ensure stability within the Securities Sector.
B) The Elizian Securities and Investments Commission (ESIC) shall be headed by a Commissioner that is nominated by the President of the Federation and voted upon by the Senate of the Federation.

1. The Term of the Elizian Securities and Investments Commissioner shall last 4 Years, and is permitted to recur once.

C) The Elizian Securities and Investments Commission shall be composed of no fewer of 3 members and no higher of 8.

1. Members of the Elizian Securities and Investments Commission shall be appointed by the Elizian Securities and Investments Commissioner.
2. Members of the Elizian Securities and Investments Commission shall be qualified at least in one of the the following fields;
   
   1. Business
   2. Administration of Companies
   3. Financial Markets
   4. Financial Products & Financial Services
   5. Law
   6. Economics
   7. Accounting

D) The Elizian Securities and Investments Commission shall have the following executive powers to ensure that Consumer and Enterprise Confidence is maintained within the Federation;

1. The Elizian Securities and Investments Commission will be granted the executive powers to halt stock trading of any company if it finds the trading patterns to be irregular or suspicious, and has the right to detain and prevent any suspected insider trader from leaving the country by issuing a warrant of arrest.
2. The Elizian Securities and Investments Commission will be granted the executive powers to force investigations into companies without their prior approval if it deems the company to be violating the rules set out by the commission.
3. The Elizian Securities and Investments Commission will be granted the executive powers to bar traders from trading if it deems them to have violated the rules set out by the commission
4. The Elizian Securities and Investments Commission will be granted the executive powers to force a company to halt all operations outside stock trading if it deems the violation of rules within the stock market serious enough that it would jeopardise operations outside the stock market.

E) The Elizian Securities and Investments Commission shall advise the Secretary of Finance on its own initiative or on request as it sees fit for the benefit of the Federation.

§2 - Establishment of the Kentang Stock Exchange

A) The Elizian Stock Exchange Act hereby establishes the Kentang Stock Exchange, where its call code shall be KSE. The KSE shall be the primary stock exchange within the Federation.
B) The Kentang Stock Exchange shall be headquartered within Victoria, Kentang at the current Stock Exchange building.
C) All companies, state-owned or private, are able to list on the KSE, provided they agree to the terms and conditions laid out by the KSE.
D) All listed companies must hold an annual general meeting at least once a year to share with investors about the progress and direction of the company, and for investors to question the management on issues within the company.
E) All listed companies are required to have a board of directors consisting of the top 5 largest shareholders in the company, and these directors will be responsible for overseeing the management of the company’s operations and to see that the company is operating in the shareholders’ interests.
F)All boards of directors are required to have at least 3 independent directors who will be paid to oversee operations to ensure that the interests of the minority shareholders will be served and not overshadowed by the interests of the biggest shareholders.

I will sponsor the Elizian Economic Investment Act (Michael Vives).

[Ikania]

artificially creating competition on the rail network is a stupid idea.

Thanks for your valuable input. I'm sure the businesses, employees and consumers who could benefit from this will be grateful for this sentiment.

[Tectonix]

Anyone like to sponsor? Almost reached quorum.

Stem Cell Medicinal and Research Act of 2016
Author: Alexander J. Maxwell (SLP)
Sponsor(s): Thu Tran (Progressive Movement) | Jaya Wei (Progressive Movement) | Arthur Tan (LDP)

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§1 – Definitions:
Stem Cell: An undifferentiated cell of a multicellular organism that is capable of giving rise to indefinitely more cells of the same type, and from which certain other kinds of cell arise by differentiation | Cells with the ability to divide for indefinite periods in culture and to give rise to specialized cells.

DNA: Deoxyribonucleic acid, a chemical found primarily in the nucleus of cells. DNA carries the instructions or blueprint for making all the structures and materials the body needs to function. DNA consists of both genes and non-gene DNA in between the genes.

Embryonic Stem Cell: Primitive (undifferentiated) cells derived from a 5-day preimplantation embryo that are capable of dividing without differentiating for a prolonged period in culture, and are known to develop into cells and tissues of the three primary germ layers.

Somatic (Adult) Stem Cell: A relatively rare undifferentiated cell found in many organs and differentiated tissues with a limited capacity for both self renewal (in the laboratory) and differentiation. Such cells vary in their differentiation capacity, but it is usually limited to cell types in the organ of origin.

Induced Pluripotent Stem Cells (iPSC): Somatic (adult) cells reprogrammed to enter an embryonic stem cell–like state by being forced to express factors important for maintaining the "stemness" of embryonic stem cells (ESCs). Mouse iPSCs were first reported in 2006 (Takahashi and Yamanaka), and human iPSCs were first reported in late 2007 (Takahashi et al. and Yu et al.). Mouse iPSCs demonstrate important characteristics of pluripotent stem cells, including the expression of stem cell markers, the formation of tumors containing cells from all three germ layers, and the ability to contribute to many different tissues when injected into mouse embryos at a very early stage in development. Human iPSCs also express stem cell markers and are capable of generating cells characteristic of all three germ layers.

§2 – Government Permittance:
The following are to be permitted under federal law, and may only be overturned by the decision of a high judicial body (i.e: Supreme Court):

a. The usage of all forms of stem cells in the fields of, but not limited to: medicine, biology, biochemistry, biochemical engineering, nanotechnology, in vitro fertilization, microbiology and epidemiology.
b. The ability for both the public and private sector to use all forms of stem cells at their discretion, primarily for the fields mentioned in "a", without the threat of legal and criminal action taken against them.
c. Government subsidies of stem cell research.
d. The genetic manipulation of both living and deceased stem cells of every variety.

§3 – Government Entities:
The following entities shall be constituted under this Act:

a. The Senate Stem Cell Oversight Committee (oversees the proliferation of stem cell research in the public sector, along with the portion of the private sector invested in stem cell research whom receive government subsidies).
b. The Corporate Stem Cell Oversight Subcommittee-(Subordinate to the SSCOC; oversees the proliferation of stem cell research in the portion of the private sector whom does not receive government subsidies, and is not affiliated with any government entity).

[The Intergalactic Universe Corporation]

Sponsors for my bill?

State-Owned Enterprises Restructuring & Reform Act
Author: Arthur Tan (LDP)
Sponsors: Chi Guozhi (LDP) | Yang Lau Chan (LDP) | Linanto Aiguo (LDP) |

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An Act of the Federal Parliament to make provision for a more open and welcoming investment and economic climate for foreign investors, and to ensure that the people have a say in the running of business, and that businesses are more accountable to the public and are more inclined to provide better services to the public by exposing them to more competition from overseas and local private companies.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

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§1 – Definitions:
Company: A company is an entity that is formed and administered by individuals in the private sector as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service.
State-Owned Enterprises (SOEs): A state-owned enterprise (SOE) is a legal entity that is created by the government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in commercial activities.
Restructuring: Restructuring is a type of corporate action taken when significantly modifying the operations or structure of a company as a means of potentially eliminating financial harm and improving the business.
Nationalised: Owned by the public sector, the state or the government.

§2 – On The Restructuring of State-Owned Enterprises In Non-Key Industries:
A) Non-key industries are industries like the services sector, industries which do not directly impact the ability of Elizia to defend its interests when threatened in times of crisis and international conflict. Examples are: Finance, Retail, Food & Beverage, Basic Manufacturing etc.

B) The State-Owned Enterprises and Nationalised will be restructured from a wholly state-owned entity into a Government-Linked Company, one in which the largest single stakeholder will be the Government, be it through a sovereign wealth fund or a Governmental agency, and its operations turned into a for-profit based operating model.

C) The restructuring will involve the Government selling down its stake in the State-Owned Enterprises till its remaining holdings are below the threshold of 45% of company ownership, and open the sale of company shares to the public, or to other businesses without any form of other governmental agency bidding for purchases of shares during the selling process, which is to be done via the stock market. This is to ensure that the public has a say when it comes to the running of major companies, and ensures that the company is more accountable and transparent.

D) The shares will only be sold to Elizian businesses and citizens, and the shares will be sold at a rate at which ordinary Elizians earning the average income of $2400 annually will be able to afford. This will ensure that the public will have a say when it comes to the running of these companies and ensures that the company will not be sold to foreign interests, thereby safeguarding local interests. All shareholders, including the government must be given dividends as returns on their shares like what any publicly listed company is required to do.

E) All restructured companies are required to hold 2 General Meetings with their shareholders annually, and must declare all information that their shareholders require when investing further or divesting from the shares of the company. Restructured companies must be held to the same accountability standards of private companies with shareholders and are required to establish an independent board of directors that consist of representatives of the shareholders of the company.

F) Restructured companies must be open to fair and free competition and must not be shielded or funded in any way by the government after the entity's restructuring. The companies must not be subsidised or in any way prevented from facing competition in the market by the government or the state. This is to ensure that the company is productive and does not fall into the state of complacency, and if it does, it will be bought over or face other situations like other companies that cannot survive in the free market.

G) The Government, at any time, if it views the company to be acting against the national interest, will be allowed to veto any such action made by the company's other directors and is able to take control over the company by force if it deems necessary.

§3 – On The Nationalization of Business Entities involved in Key Industries:
A) Key industries are defined as industries which directly affect the well being and national security of Elizia when it is in times of crisis and in times of international conflict. Examples include: Utilities, Arms Manufacturing/Defence Industry and Telecommunications. The transport industry is exempt from this because it will be under state ownership to serve the public good, as having private operators would just create a natural monopoly, something that is detrimental to the creation of a free market.

B) The government of Elizia is exempted from selling its stake to the threshold of 35% mentioned in article 2, and is partially exempt from clause F of article 2, but has to follow the clauses of the other articles mentioned in article 2.

C) The government may keep its stake to the threshold of 65% when selling off its stake in the SOE that is involved in key industries. The government may subsidise and partially prevent the company from facing full competition by introducing the necessary legislation to protect national interest, whilst the company still operates with some competition in a semi-free market. This is to ensure that the company both maximises profitability and is incentivised to improve through some competition, while still serving national interest by making the government a majority stakeholder and holding the necessary influence to guide the direction of the company in case of its other shares falling into the hands of stakeholders who wish to undermine Elizian national interest.

[Tumbra]

Sponsors for my bill?

State-Owned Enterprises Restructuring & Reform Act
Author: Arthur Tan (LDP)
Sponsors: Chi Guozhi (LDP) | Yang Lau Chan (LDP) | Linanto Aiguo (LDP) |

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---

An Act of the Federal Parliament to make provision for a more open and welcoming investment and economic climate for foreign investors, and to ensure that the people have a say in the running of business, and that businesses are more accountable to the public and are more inclined to provide better services to the public by exposing them to more competition from overseas and local private companies.

BE IT THEREFORE ENACTED by the Head of the State, by and with the counsel of the Government, and the authority of the Federal Parliament by virtue of the powers placed upon it by the Law, as follows:

---

---

§1 – Definitions:
Company: A company is an entity that is formed and administered by individuals in the private sector as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service.
State-Owned Enterprises (SOEs): A state-owned enterprise (SOE) is a legal entity that is created by the government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in commercial activities.
Restructuring: Restructuring is a type of corporate action taken when significantly modifying the operations or structure of a company as a means of potentially eliminating financial harm and improving the business.
Nationalised: Owned by the public sector, the state or the government.

§2 – On The Restructuring of State-Owned Enterprises In Non-Key Industries:
A) Non-key industries are industries like the services sector, industries which do not directly impact the ability of Elizia to defend its interests when threatened in times of crisis and international conflict. Examples are: Finance, Retail, Food & Beverage, Basic Manufacturing etc.

B) The State-Owned Enterprises and Nationalised will be restructured from a wholly state-owned entity into a Government-Linked Company, one in which the largest single stakeholder will be the Government, be it through a sovereign wealth fund or a Governmental agency, and its operations turned into a for-profit based operating model.

C) The restructuring will involve the Government selling down its stake in the State-Owned Enterprises till its remaining holdings are below the threshold of 45% of company ownership, and open the sale of company shares to the public, or to other businesses without any form of other governmental agency bidding for purchases of shares during the selling process, which is to be done via the stock market. This is to ensure that the public has a say when it comes to the running of major companies, and ensures that the company is more accountable and transparent.

D) The shares will only be sold to Elizian businesses and citizens, and the shares will be sold at a rate at which ordinary Elizians earning the average income of $2400 annually will be able to afford. This will ensure that the public will have a say when it comes to the running of these companies and ensures that the company will not be sold to foreign interests, thereby safeguarding local interests. All shareholders, including the government must be given dividends as returns on their shares like what any publicly listed company is required to do.

E) All restructured companies are required to hold 2 General Meetings with their shareholders annually, and must declare all information that their shareholders require when investing further or divesting from the shares of the company. Restructured companies must be held to the same accountability standards of private companies with shareholders and are required to establish an independent board of directors that consist of representatives of the shareholders of the company.

F) Restructured companies must be open to fair and free competition and must not be shielded or funded in any way by the government after the entity's restructuring. The companies must not be subsidised or in any way prevented from facing competition in the market by the government or the state. This is to ensure that the company is productive and does not fall into the state of complacency, and if it does, it will be bought over or face other situations like other companies that cannot survive in the free market.

G) The Government, at any time, if it views the company to be acting against the national interest, will be allowed to veto any such action made by the company's other directors and is able to take control over the company by force if it deems necessary.

§3 – On The Nationalization of Business Entities involved in Key Industries:
A) Key industries are defined as industries which directly affect the well being and national security of Elizia when it is in times of crisis and in times of international conflict. Examples include: Utilities, Arms Manufacturing/Defence Industry and Telecommunications. The transport industry is exempt from this because it will be under state ownership to serve the public good, as having private operators would just create a natural monopoly, something that is detrimental to the creation of a free market.

B) The government of Elizia is exempted from selling its stake to the threshold of 35% mentioned in article 2, and is partially exempt from clause F of article 2, but has to follow the clauses of the other articles mentioned in article 2.

C) The government may keep its stake to the threshold of 65% when selling off its stake in the SOE that is involved in key industries. The government may subsidise and partially prevent the company from facing full competition by introducing the necessary legislation to protect national interest, whilst the company still operates with some competition in a semi-free market. This is to ensure that the company both maximises profitability and is incentivised to improve through some competition, while still serving national interest by making the government a majority stakeholder and holding the necessary influence to guide the direction of the company in case of its other shares falling into the hands of stakeholders who wish to undermine Elizian national interest.

Stop spamming, sheesh.