LAVRADA – Last night, the Chamber of Deputies met to discuss three pieces of legislation impacting national economics and the status of the capital city.
The first bill to be considered was the National Bank Act, which had been rewritten after being sent to committee in the last session of the Chamber. The Act establishes the Confederal Bank of Delvera, an organization that integrates a network of provincial banks into a unified national system. Despite this centralization, Section 1b of the Act states “No section of this act shall be construed to preempt free market banking or credit systems, nor shall any province be denied the power of enacting their own system, so long as such system does not interfere with the operations of the Confederal Bank of Delvera.” The Act specifies the powers of the Minister of Commerce in approving charters for all bank branches and approving all applicants for bank employment, as well as the bank’s legal tender and details of currency. The system of accounts is also clearly lined out.
The Public Compensations Bill, a bill formally establishing the wage system for Delveran government employees, was also proposed. The system presented within changed the method of pay from quarterly salaries distributed monthly in thirds to monthly salaries at the same rate, effectively tripling government salaries. It was noted that this increase will encourage more government participation and make taxes more affordable.
Finally, the Capital Establishment Act called for the relocation of the capital of the Grand Republic to the Territory of Colo. Lavrada, the current capital, was always intended to be a provisional capital until another in a more neutral location not strictly affiliated with a specific province could be chosen. Colo, though a territory of Lavrasia, would be appropriated for confederal use when the need arose, according to the bill. Notably, the bill protects Colonians’ private property in Clause 3: “The grounds of Colo shall be appropriated for all purposes necessary for the functions of the seat of government, but the property of the private citizens therein residing shall be respected as inviolate.” The bill additionally called for a constitutional amendment officiating the capital territory. A proposed name for the new capital city was “Colonia”.
All three bills were passed unanimously by the Chamber after lengthy discussion.
Reporter: Jordan Brizendine