Economy Cleaning Bill 3775 ASC

[Allot]

Keeping in mind that our economy section is WAY out of date (we're now part of the SCUE), let the following changes be made to the LawBook:

A. Supremacy

This Law shall supersede and replace any previous law or legislation related to the Economic System of Shireroth. It shall be deemed as Law and Precedent when dealing with all issues regarding economics and shall act foremost among laws for the economic and financial issues.

B. Authority of Interpretation

1. The authority of interpretation of the following articles rests in the following offices:
a) The Kaiser
b) The Arbiter
c) The Minister of Trade

2. The Kaiser shall act as supreme regulator of the economy and will hold all currency as property of The Crown.
2.1 The duties and responsibilities of the economy shall be delegated to the Ministry of Trade as stated in article 3.
2.2 Crown Currency represents the total sum of Erb not in general circulation and shall be held in The Shirithian Imperial Treasury Account. The Shirithian Imperial Treasury shall act as the account of The Government Of Shireroth.
2.3 All Crown currencies shall be distributed from the Shirithian Imperial Treasury and all taxes payable in Erb shall be paid to and deposited to The Shirithian Imperial Treasury.
2.4 The sum funds residing in The Shirithian Imperial Treasury are reserved for the purpose of government spending as determined by The Kaiser, The Steward or by Act of the Landsraad.
2.5 The Kaiser may hold a personal account known as "The Household Account" which remains the personal property of the reigning Kaiser.

3.0 In cases dealing with procedure, The Minister of Trade (hereafter referred simply as "the minister") shall act as director and comptroller of the functioning of the economic system.
31.The minister shall promote the use of the economic system and devise of new ways to implement it.
3.2 The minister shall act as the authority for registering businesses and shall ensure the correct procedures are followed by said companies.
3.3 The minister is warranted to conduct any financial investigations, and warranted to audit companies registered in The Imperial Republic Of Shireroth.
3.4 All issues of international trade must be overseen and approved of by the minister who in turn will notify The Kaiser.

4. The Arbiter shall act as auditor of any and all accounts registered within The Imperial Republic Of Shireroth. The Arbiter shall have access to any and all bank records and transactions and is charged with Royal warrant to investigate any financial issue. All disputes regarding a financial nature shall be presided over by The Arbiter.The Arbiter is warranted to apply fines, restrictions and procedural limitations on any account or company registered within the Imperial Republic Of Shireroth with the exception to the accounts held by The Crown.

D. Distribution

1. Total Erb and its movement.

a. The total sum of Erb in circulation shall be 100 000€.
b. All Erb shall be initially issued from The Crown Account and distributed to other accounts as stated within this Law.
c. Additional distributions may be made by regular functions of the economy.

E. Distribution of Money

1. All new citizens shall receive a bounty from the Treasury upon joining Shireroth.

2. A citizen who revokes their citizenship or is declared legally dead by The Kaiser or by Act of Landsraad will have their account revoked, and the balance returned to The Shirithian Imperial Treasury.

3. The Treasury is empowered to distribute the initial amount of Erb in part D.1.a between the citizens to place it in initial circulation. This will be primarily based on the current rank of citizens at time of issuing. The Treasury is not empowered to distribute further additional amounts issued under D.1.d.

4. a. The Treasury is empowered to distribute further money by means of paying bounties.
b.The Treasury is empowered to develop its own policy on this matter, but should primarily give bounties to those citizens who have helped Shireroth grow or develop.

F. Fraud

1. Any attempt to exploit the economic system of Shireroth in a way deliberately contrary to the intention of its framers shall be known as fraud.
2. Fraud is a crime in the Imperial Republic of Shireroth.
3. The following actions are examples of fraud:
a. Transferring a noble title with the sole intent to benefit economically from the Crown's gift to new title-holders.
b. Joining or enticing other immigrants to join Shireroth with no intention of staying, with the intent to benefit economically from the Crown's gift to new immigrants.
4. The Ministry of Trade may declare any application or transaction to be fraud, and may cancel the transaction.
5. The Judex may declare any application or transaction to be fraud, and may cancel the transaction and, in cases where there was clear criminal intent, sentence the offenders. These sentences may include fines, demotions, bannings, or whatever else the Judex considers necessary.

G. Companies

1. Citizens wishing to register a Business within the Imperial Republic Of Shireroth must register within the Ministry of Trade. They must state who the primary owner of the company is and is limited to one owner. Profits gained by the company will be deposited into the owner's account and distributed by the owner as they see fit. Companies engaging in international trade are forbidden to exchange erb with a foreign currency, or give erb to non-citizens of The Imperial Republic Of Shireroth.

H. Official Bank

1. All currencies will be held within accounts registered to the Small Commonwealth Bank.

[Malliki Tosha]

I ask that you withdraw this bill and instead await the bill from the Mango Bar. There is a discussion there that I will try to piece together to a coherent bill. This attempt does not address all the problems of the economy section.

[Allot]

Fantastical. Thank you for doing that. Bill withdrawn.