Legislative Bill · Drumagh
Passed

Market-Friendly Economic Restructuring Act of 2023

Proposed by New Morning Movement · fronted by Thomas Hill
Passing
in all 2 chambers
Opened
10 Mar 2023
Voting closes
9 May 2023
Chambers
2 legislatures
Articles
5 changes

Rationale

This bill draws inspiration from the advice offered by our friends in the Rheinland to boost our economy and strengthen our prosperity!

Proposed Changes

1

Minimum Wage Policy
Previous law
Maximum wage cap (no one may earn more than 10x the lowest-paid worker)
Basic minimum wage

2

Competition & Monopolies
Previous law
Proactively break up dominant firms
Permissive on mergers and scale

3

Automation & the Workforce
Previous law
Market-led automation
Actively incentivise automation

4

Banking & Financial Regulation
Previous law
Strong prudential oversight
Light-touch regulation

5

Public Ownership of Key Industries
Previous law
Public ownership of natural monopolies
Privatise and lightly regulate

Timeline

  • Draft
    10 March 2023


  • Vote Open
    10 March 2023


  • Vote Closed
    9 May 2023


  • Became Law
    9 May 2023

Vote tally

Live tally across each chamber. Weighted by seats held.

First Council of Ministers

Passed
40Yes 16No 48Abstained 0Not voted 100 seats

For: 40 / 100 seats (40.0%)

Against: 16 · Abstained: 48 · Not voted: 0

50.1% of those voting must vote in favour (actual = 71.4%)
Party Seats Vote
Centralist Unity 19 Abstain
Libertarian Congress 28 Yes
New Morning Movement Proposer 12 Yes
Progressive Democratic Union 29 Abstain
The Democratic Workersparty 1 No
The United Workers Front 15 No

The People’s Assembly

Passed
81Yes 32No 96Abstained 0Not voted 200 seats

For: 81 / 200 seats (40.5%)

Against: 32 · Abstained: 96 · Not voted: 0

50.1% of those voting must vote in favour (actual = 71.7%)
Party Seats Vote
Centralist Unity 38 Abstain
Libertarian Congress 57 Yes
New Morning Movement Proposer 24 Yes
Progressive Democratic Union 58 Abstain
The Democratic Workersparty 3 No
The United Workers Front 29 No

First Citizen

Passed
0Yes 0No 1Not voted 1 seat

For: 0 / 1 seats (0.0%)

Against: 0 · Abstained: 0 · Not voted: 1

Passes unless the office holder votes against (abstention counts as pass)

Voting record

Every vote must state a public reason. Most recent first.

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