Battlion wrote:The Traansval wrote:
"That is true, which is why the Traansval would support perhaps an altered measure, just one that doesn't infring on National Soverignty. There are ways to help prevent Finanical Crisises without forcing nations to do certain economic policies; perhaps the bill could be made option or a advisory/regulatory agency could be established under International control to help nations. Either way, as it currently stands this bill is far too invasive to be acceptable to the people of the United Republics."
EDIT: "Additionally, we find that this bill is not needed as all of these concerns are address in GAR #94, as pointed out by the United Republic Empire representative, which works towards the same goal and provides similar services without infringing on National Soverignty and requiring nations to adopt certain economic policies. This is much preferable to this proposal and is already adopted, meaning that we have no need for this current one. The Traansval stays against this proposal."
If you think it isn’t needed, you could launch a legality challenge if you chose to do so?
OOC: Legality challenges are for alleged rule violations. The closest thing to a valid rationale of "this is unnecessary" would be if it substantially duplicates a prior resolution. Since #94 specifically concerns small loans to people in poverty (while this proposal concerns many types of securities, many types of investors, and a clear focus on protecting central bank[ing system]s from cascading financial ruin, there's virtually no overlap and I have to believe a challenge based on that argument would fail.