Act of Congress Commercial Standards Act

End

Owner
Owner
Senator
Construction & Transport Department
Supporter
Oakridge Resident
xEndeavour
xEndeavour
Senator
Joined
Apr 7, 2020
Messages
2,413
House: 5-2-1
Senate: 4-1-0

A
BILL
To


Establish a standards act for business

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the 'Commercial Standards Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Various people(s)
(4) This Act was compiled by: Sen. xEndeavour
(5) This Act has been co-sponsored by: Rep. Goldblooded

2 - Reasons
(1) Standards acts consolidate relevant laws into one place making information easier to find and reference.
(2) The Corporate Law and Shareholder Protections Act was far too specific and over-reaching than required. It has been simplified to ensure protection but also freedom (like it was so specific that I doubt anyone actually follows it).
(3) It has placed a heavier emphasis on shareholder theory as requested by the president.

3 - Consolidation
(1) The following acts of congress are rescinded:
(a) Act of Congress - Employee Protection Act
(b) Act of Congress - The Pugbandit Anti Scam act (redundant)
(c) Act of Congress - Union Reform Act (semi-redundant)
(d) Act of Congress - Economic Growth Act (redundant)
(e) Act of Congress - Cool DEC Casino Investigation Act
(f) Act of Congress - Business Transparency Act
(g) Act of Congress - Banking Act
(h) Act of Congress - Stocks Repossession Act
(i) Act of Congress - White-Collar Crack Down Act

4 - Powers of the Commerce Department
(1) The Department of Commerce is authorized to monitor financial transactions and may publish generalized reporting on transaction statistics.
(2) The Department of Commerce is afforded access to financial institution accounts on request for the purposes of monitoring them for compliance.
(3) The Department of Commerce is empowered to conduct random spot-checks of gaming machines to ensure compliance with the advertised odds. Failure to comply is considered fraudulent trading.
(4) The Department of Commerce is authorized to disband any companies in game which do not meet the requirements to be a company.
(5) The Department of Commerce is charged with investigating commerce-related white-collar crimes.
(a) Findings are referred to the Department of Justice for prosecution.
(b) Where it is unclear which department should investigate the crime, the matter will be referred to the Department of Justice.

5 - Legal Application
(1) All offences within this law are Indictable Criminal Offences.
(2) Civil damages may be sought against these offences by way of the Legal Damages Act or a succeeding Act of the same nature.




6 - Fraud
(1) The following sections outline the definition of Fraud, its differing forms, and different punishments:

Fraud
An intentional or reckless misrepresentation or omission of an important fact, especially a material one, to a victim who justifiably relies on that misrepresentation; and the victim party or entity suffered actual, quantifiable injury or damages as a result of the misrepresentation or omission.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Electoral Fraud
Defined in the Electoral Act

Money Laundering
Any act to conceal funds illegally obtained, through commercial transactions, business deals, or any means otherwise.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Gambling Fraud
The act of fraudulently misrepresenting how a gambling activity is conducted.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

New Player Fraud
To take advantage of a new player's wealth and or resources for another's profit or advantage.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

False Advertising
(i) Classification: Indictable Criminal Offense
The act of authorizing a false advertisement for publication. Subsequent publications of the same advertisement count as separate offenses.
Minimum Sentencing: $100 Fine
Maximum Sentencing: $5000 Fine

Misleading Advertising
(i) Classification: Indictable Criminal Offense
The act of authorizing a misleading advertisement for publication. Subsequent publications of the same advertisement count as separate offenses.
Minimum Sentencing: $100 Fine
Maximum Sentencing: $5000 Fine

7 - Identity Fraud
The act of fraudulently misrepresenting yourself as someone else or fraudulently claiming you have authority where you don't. There are several types of identity fraud:

Government Impersonation
The Act of fraudulently Impersonating a government official or a government employee for financial or another personal gain(s)
Fine: $1000 + Damages

False Credentials
The Act of fraudulently misrepresenting yourself or someone else as having a certification, commendation or another type of credential for personal gain.
Fine: $1000 + Damages

8 - Securities Fraud
(1) The Act of fraudulent security trade practices. There are several types of securities fraud:

Insider Trading
Buying or selling a stock based on non-public information that would substantially impact a trader’s decision to buy or sell. Any owner of a business that sells stocks of his own company has an obligation to make a reasonable attempt to, disclose this information to the shareholders, failure to do so may be considered evidence in an insider trading case.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Market Manipulation
The act of fraudulently inflating or deflating the value of a company or asset of which you have a responsibility for. Any public company which values its own total market value over $500,000 is expected to have a publicly available, detailed explanation, of how they reached that evaluation. Failure to do so may be considered evidence in a market manipulation case.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Third-Party Misrepresentation
The act of intentionally or recklessly aiding and abetting a party or entity in committing market manipulation. This also applies, to a party or entity which is not aware they might be committing market manipulation such as participants in a pump and dump scheme.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Embezzlement
The act of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, for personal gain.” An example of this law is; spending company funds for personal gain of a company of which you do not own 100%.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

9 - Tax Fraud
(1) The fraudulent non-payment or underpayment of actual tax liabilities due. There are several types of tax evasion:

Personal Tax Evasion
The act of intentionally or maliciously transferring, funds to one or more personal balances or company bank accounts with no legitimate purpose, with the result that less tax is paid.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Property Tax Evasion
The act of intentionally or maliciously transferring property to one or more persons over which they have no legal ownership without a legitimate purpose, with the result that less tax is paid.” To combat, said behaviour, a merged plot needs to be owned by the same person even after it has been merged.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail




10 - Competition
(1) Antitrust laws are regulations that encourage competition by limiting the market power of any particular firm. There are several types of anti-trust regulations:

Market Allocation
Any sort of deal wherein two or more businesses agree to allocate 'territory' to one another to prevent regional competition.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Bid Rigging
Any sort of deal wherein two or more businesses and/or persons agree to not bid against one another to minimize their losses.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Price Fixing
Any sort of deal wherein two or more businesses agree to keep prices at a certain point to avoid price competition.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Monopolization
Any sort of deal wherein two or more businesses seek to merge into a single entity or owner-subsidiary relationship that controls a disproportionately large amount of market share in any particular market. A deal wherein bidders, businesses or auctioneers enter into a deal with each other to maximize profits of auctions is hereby illegal.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

Corporate Espionage
Any parties participating in, or accessory to the gathering, infiltration, or compromise of any sensitive company information that has not already been released to the public under the instruction of the company's controlling interest.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

11 - Whistleblowers
(1) A whistleblower is someone with inside knowledge of an organization who reports misconduct or dishonest or illegal activity that may have occurred within that organization. Whistleblower protections are the protections provided to whistleblowers to enable them to come forward to report misconduct without fear of retribution or personal detriment.

Whistleblower Suppression
No employer may discharge, demote, suspend, threaten, harass, or in any other manner discriminate against a covered individual in the terms and conditions of employment of the covered individual because of any lawful act done by the covered individual to report information regarding a violation of a corporate crime.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail

12 - Bribery
(1) The act of offering, giving, soliciting, or receiving an item or service of value to influence an individual holding public office or serving in a legal capacity.

Bribery
The act of offering, giving, soliciting, or receiving an item or service of value to influence an individual holding public office or serving in a legal capacity.
Individual Fine: Up to $10,000 + Damages + up to 10 mins Jail + Barred from holding public office for up to 2 months.




13 - Employee Protections
(1) Unfair dismissal - The unjust termination of an employee. In determining if a termination was unjust, the following criteria must rightfully be considered:
(a) if the employee’s termination made financial sense given the regular business activities and necessity to maintain operations of the terminating party (such as in the case of normal company downsizing);
(b) whether or not the employee’s continued employment would have been a detriment to the workflow, reputation, or legal standing of the business;
(c) whether or not the dismissal was made primarily on the basis of any personally identifiable characteristics, including, but not limited to, gender, race, or political affiliation;
(i) Excepted from the provisions in §13.1.c are personally identifiable characteristics that are integral to the function of the terminated party's employment.
(d) other metrics that courts find necessary to consider in accordance with what may be considered unfair dismissal by any reasonable person and is consistent with the previous language and intent of this section. Courts may not construe this section in any way that creates a result that is odd, absurd, or otherwise inconsistent with this section or the intent thereof.
(2) Deferral of Responsibility - a worker cannot be held legally accountable where there is a deficiency in training provided by the employer, where training would reasonably be required.
(2) A worker cannot be sued for their individual actions when they are in accordance with lawful organisational directions and policy.
(a) The employer assumes all legal liability where policy is followed or the policy is unlawful.

14 - Unions
(1) This act defines 'Union' as an organized association of workers formed to protect and advance their rights and interests.
(2) Every employee of the Commonwealth of Redmont has the right to create or apply to register their own union.
(3) Unions do not have to follow a democratic structure, but are encouraged to.
(4) Employers are prohibited from discriminating against an employee for being involved in a union.
(5) Employers are prohibited from involving themselves in the democratic processes of their employee's union.
(6) Employers who take action to disrupt or prevent the formation of a union, and or engage in conduct to dismantle a union, such as, but not limited to, terminating employees who try to start a union, shall be guilty of Union Busting, as defined:

Union Busting
Employers who take action to disrupt or engage in conduct to dismantle a union.
Per Offence: $2000 Fine

15 - Gaming
(1) Gaming institutions are required to display the odds of gaming machines and activities in a visible area adjacent to the machine/activity.




16 - Operations of Securities Exchanges
(1) The Department of Commerce is authorized to monitor the operations of any securities exchange with full access to trading channels and data.
(a) Any Commerce Department employee engaged in the regulation of securities exchanges may not hold a security for less than 30 days.
(2) Securities Exchanges will be prohibited from calculating the market prices of shares in Public Companies using any factors other than the market supply of and demand for said shares. They will be responsible for updating these prices without requiring further input from the companies of which the shares grant ownership in.
(a) Securities Exchanges must provide consistent updates to the market prices of company shares. Each company listed on an exchange must have its stock price updated at least once every 30 days.
(4) The Department of Commerce is authorized to create any additional regulations for the operations of securities exchanges. Such regulations must be for the purpose of preserving the stability of securities exchanges, and must not conflict with any section of this Act.

17 - Extortion
(1) Definition: Extortion is defined as the act of obtaining something of value from someone through threats, force, or coercion, which can involve physical, financial, or other types of pressure.
Classification: Indictable Offense
Per Offense: $10,000 fine
(2) Parties may sue for the thing of value. If the thing of value is a decision, the commonwealth is to sue to reverse that decision.
(3) Exceptions: Extortion does not include lawful business practices, voluntary agreements, or actions taken under legal authority or judicial processes.

18 - Definitions

(1) Financial Institutions

(a) A Financial Institution is a business that deals with deposits, loans, and/or investments.
(b) There are four types of financial institutions: Commercial Banks, Investment Banks, Stock Exchanges, and Credit Unions.

(2) Definition and Characteristics of a Commercial Bank:
(a) A Commercial Bank is a Financial Institution that is owned owner or a group of owners who may make all decisions regarding the bank and its investments, employees, and interest rates, among other business decisions..
(b) Profits of a Commercial Bank are shared among owners/shareholders as decided by its shareholder/operating agreements..
(c) Companies not registered as Commercial Banks may not take interest bearing deposits from customers for bank accounts

(3) Defining Characteristics of a Investment Bank:
(a) An Investment Bank can't take deposits.
(b) An Investment Bank is allowed to brokerage stocks through Stock Exchanges. invest for clients in funds, give out loans, and provide investment advice to clients
(i) Investment Banks may charge for these services
(c) Companies not registered as Investment Banks may not invest for customers or provide investment advice.
(d) Investment Banks may not have tax exemption status and will have to pay taxes on ingame balances.
(i) However, they will not need to pay Financial Institution tax as defined by the Taxation Act

(4) Definition and Characteristics of a Stock Exchange:
(a) A Stock Exchange is the sole Financial Institution able to buy and sell securities, otherwise known as stocks.
(b) A Stock Exchange reserves the right to charge clients commissions for each transaction in order to make a profit.

(5) Definition and Characteristics of a Credit Union:
(a) A Credit Union is a Financial Institution that is governed by the members.
(b) A Credit Union must elect a leader through a democratic fashion.
(c) Profits of a Credit Union are distributed to the members of the Credit Union and/or reinvested back into the Credit Union through interests, services, or other costs that benefit all members of the Credit Union.

(6) False Advertisement: A commercial advertisement that contains untrue information, that would deceive the reasonable person. The advertiser must have acted knowingly. If the information is publicly accessible, it may be presumed that the advertiser was aware of it.
(7) Misleading Advertisement: A commercial advertisement that includes information that is true, but is presented in a way that may confuse or mislead the reasonable person. The below actions are considered misleading advertisement:
(a) Omitting information that a reasonable person would consider in their decision making.
(b) Using ambiguous language
(8) Advertising Puffery: Vague, wildly exaggerated claims that no reasonable person would take seriously. For example, “the best restaurant in the world”.
(9) Commercial Advertisement: An advertisement intended to benefit or harm a privately owned or operated business.
(10) Political Advertisement: An advertisement intended to promote a political message, influence public opinion of a social issue, or persuade individuals to support a candidate, party or policy.
(11) “Authorising an advertisement”: An individual or organization approving a commercial advertisement by:
(a) Displaying the advertisement of their own volition.
(b) Agreeing to have another individual or organization display the advertisement on their behalf is considered authorization.

19 - Exemptions
(1) The following are exempt from the definitions of false & misleading advertising.
(a) Advertising Puffery
(b) Political Advertisements
 
Last edited by a moderator:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House Vote: 10-0-0
Senate Vote: 5-0-0
A
BILL
To


To Add Extortion to the Commercial Standards Act​

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the “Extortion Prevention Act.”
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Representative Towloo.
(4) This Act has been co-sponsored by Representative lcn.

2 - Reasons
(1) There is currently no way of preventing extortion
(2) Extortion could (and in some instances has) corrupt corporate enterprises and the three branches

3 - Amendments to the Commercial Standards Act

Add:

24 - Extortion
(1) Definition: Extortion is defined as the act of obtaining something of value from someone through threats, force, or coercion, which can involve physical, financial, or other types of pressure.
Classification: Indictable Offense
Per Offense: $10,000 fine
(2) Parties may sue for the thing of value. If the thing of value is a decision, the commonwealth is to sue to reverse that decision.
(3) Exceptions: Extortion does not include lawful business practices, voluntary agreements, or actions taken under legal authority or judicial processes.


Change:

24 - Definitions

To:

25 - Definitions
 
Last edited by a moderator:
Just FYI, I made a couple of changes:

1) I bolded 24 - Extortion

2) I added "(3) Exceptions: Extortion does not include lawful business practices, voluntary agreements, or actions taken under legal authority or judicial processes."
 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House Vote: 6-0-0
Senate Vote: 3-1-0
A
BILL
To
Prohibit misleading advertising

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the ‘Truth in Advertising Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Representative xSyncx with consideration of ideas from Anaphase_Andy.
(4) This Act has been co-sponsored by Representative AsexualDinosaur.

2 - Reasons
(1) There are currently no laws directly prohibiting false and misleading advertising. Fraud in CSA only covers actual losses.
(2) Recently, there have been a handful of firms misleading clients in the quality and capability of their services. The most notable recent example is HOME Investment who attracted clients with “low risk” and “loss-proof” investment, while being in private equity (extremely risky).

3 - Amend the Commercial Standards Act
Add to Section 6:
False Advertising
(i) Classification: Indictable Criminal Offense
The act of authorizing a false advertisement for publication. Subsequent publications of the same advertisement count as separate offenses.
Minimum Sentencing: $100 Fine
Maximum Sentencing: $5000 Fine

Misleading Advertising
(i) Classification: Indictable Criminal Offense
The act of authorizing a misleading advertisement for publication. Subsequent publications of the same advertisement count as separate offenses.
Minimum Sentencing: $100 Fine
Maximum Sentencing: $5000 Fine


Add Section 18:
(6) False Advertisement: A commercial advertisement that contains untrue information, that would deceive the reasonable person. The advertiser must have acted knowingly. If the information is publicly accessible, it may be presumed that the advertiser was aware of it.
(7) Misleading Advertisement: A commercial advertisement that includes information that is true, but is presented in a way that may confuse or mislead the reasonable person. The below actions are considered misleading advertisement:
(a) Omitting information that a reasonable person would consider in their decision making.
(b) Using ambiguous language
(8) Advertising Puffery: Vague, wildly exaggerated claims that no reasonable person would take seriously. For example, “the best restaurant in the world”.
(9) Commercial Advertisement: An advertisement intended to benefit or harm a privately owned or operated business.
(10) Political Advertisement: An advertisement intended to promote a political message, influence public opinion of a social issue, or persuade individuals to support a candidate, party or policy.
(11) “Authorising an advertisement”: An individual or organisation approving a commercial advertisement by:
(a) Displaying the advertisement of their own volition.
(b) Agreeing to have another individual or organization display the advertisement on their behalf is considered authorization.


Create Section "19 - Exemptions"
(1) The following are exempt from the definitions of false & misleading advertising.
(a) Advertising Puffery
(b) Political Advertisements
 
Last edited by a moderator:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
House Vote: 6-0-1
Senate Vote: 4-0-1
A
BILL
To

Amend the Commercial Standards Act to Allow Publicly Owned Investment Banks

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the 'Allow Public Investment Firms Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Avaneesh2008.
(4) This Act has been co-sponsored by Sen. CopTop_YT.

2 - Reasons
(1) Investment Banks currently can only be privately owned which does not make sense.
(2) To amend the Commerical Standards Act.

3 - Terms
(1) Section 18 Subsection (3) of the Commercial Standards Act shall be amended to:
“(a) An Investment Bank does not take deposits.​
(b) An Investment Bank is allowed to brokerage stocks through Stock Exchanges.​
(c) An Investment Bank is privately owned and governed, with profits shared per owner discretion.
(c) An Investment Bank may also charge for services such as financial advising or market research.”​
 
Last edited:

Presidential Assent

This bill has been granted assent and is hereby signed into law.


Seal_President.png
1950minecrafter
20th President of the Commonwealth of Redmont
Member of the WPR
 
House Vote: 7-1-0
Senate Vote: 4-3-0
A
BILL
To

Amend the
Commercial Standards Act

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the 'Workers’ Rights Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Rep. Kaiserin_ with contributions from Smallfries4, TrueDarklander, and others.
(4) This Act has been co-sponsored by Speaker MissAndrist and Sen. Goldendude15.

2 - Reasons
(1) The Commercial Standards Act provides basic but incomplete protections for employees against unfair dismissal.
(2) The workers of Redmont are entitled to complete and well-rounded protections for their livelihoods.
(3) The provisions in the Commercial Standards Act should be clarified in order to be properly enforceable.

3 - Amendments
(1) Section 13, subsection 1 of the Commercial Standards Act shall be amended as follows:

"(1) Unfair dismissal - The unjust termination of an employee. (e.g. a position is made vacant without reason only to be immediately filled). In determining if a termination was unjust, the following criteria must rightfully be considered:
(a) if the employee’s termination made financial sense given the regular business activities and necessity to maintain operations of the terminating party (such as in the case of normal company downsizing);
(b) whether or not the employee’s continued employment would have been a detriment to the workflow, reputation, or legal standing of the business;
(c) whether or not the dismissal was made primarily on the basis of any personally identifiable characteristics, including, but not limited to, gender, race, or political affiliation;
(i) Excepted from the provisions in 4(c) are personally identifiable characteristics that are integral to the function of the terminated party's employment;
(d) other metrics that courts find necessary to consider in accordance with what may be considered unfair dismissal by any reasonable person and is consistent with the previous language and intent of this section. Courts may not construe this section in any way that creates a result that is odd, absurd, or otherwise inconsistent with this section or the intent thereof.
 
Last edited by a moderator:
House Vote: 8-0-0
Senate Vote: 3-0-1
A
BILL
To

Amend The Commercial Standards Act and Other Acts to Fix Department Naming

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the ‘DLA doesnt Exist Act’'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Avaneesh2008
(4) This Act has been co-sponsored by Rep. Kaiserin_

2 - Reasons
(1) Department of Legal Affairs became Department of Justice
(2) Department of Justice became Department of Homeland Security
(3) These old names are still present in some acts and need to be fixed

3 - Amend Commercial Standards Act
(1) Section 4 of The Commercial Standards Act shall be amended from:
“(1) The Department of Commerce is authorized to monitor financial transactions and may publish generalized reporting on transaction statistics.
(2) The Department of Commerce is afforded access to financial institution accounts on request for the purposes of monitoring them for compliance.
(3) The Department of Commerce is empowered to conduct random spot-checks of gaming machines to ensure compliance with the advertised odds. Failure to comply is considered fraudulent trading.
(4) The Department of Commerce is authorized to disband any companies in game which do not meet the requirements to be a company.
(5) The Department of Commerce is charged with investigating commerce-related white-collar crimes.
(a) Findings are referred to the Department of Legal Affairs for prosecution.
(b) Where it is unclear which department should investigate the crime, the matter will be referred to the Department of Legal Affairs.”

To:

“(1) The Department of Commerce is authorized to monitor financial transactions and may publish generalized reporting on transaction statistics.
(2) The Department of Commerce is afforded access to financial institution accounts on request for the purposes of monitoring them for compliance.
(3) The Department of Commerce is empowered to conduct random spot-checks of gaming machines to ensure compliance with the advertised odds. Failure to comply is considered fraudulent trading.
(4) The Department of Commerce is authorized to disband any companies in game which do not meet the requirements to be a company.
(5) The Department of Commerce is charged with investigating commerce-related white-collar crimes.
(a) Findings are referred to the Department of Justice for prosecution.
(b) Where it is unclear which department should investigate the crime, the matter will be referred to the Department of Justice.”

4 - Amend State Commendations Act
(1) Section 6 Part 4 of State Commendations Act shall be amended from:
“(4) Department of Legal Affairs
(i) Golden Scales of Redmont
(a) Sponsor: Attorney General
(b) Limit: 1
(c) Awarded for: Exceptional achievement and/or outstanding service to the Department.
(ii) Iron Scales of Redmont
(a) Sponsor: Attorney General
(b) Limit: 2
(c) Awarded for: Achievement and/or service to the Department.”

To:

“(4) Department of Justice
(i) Golden Scales of Redmont
(a) Sponsor: Attorney General
(b) Limit: 1
(c) Awarded for: Exceptional achievement and/or outstanding service to the Department.
(ii) Iron Scales of Redmont
(a) Sponsor: Attorney General
(b) Limit: 2
(c) Awarded for: Achievement and/or service to the Department.”

5 - Amend Classification Act
(1) Section 10 Part 2 of State Commendations Act shall be amended from:
“(2) Freedom of Information requests can be made by a congressional chamber, congressional committee, Courts, and/or individuals.
(a) A Freedom of Information request made by an individual is, made towards the Department of Legal Affairs. The Department of Legal Affairs is then expected to make a reasonable attempt to, provide all non-classified requested information. Providing the request is reasonable as decided by the Speaker for Congressional requests, the Chief of Staff for Cabinet requests, and the Chief Justice for Judicial requests. A request for something classified by a player without sufficient clearance is always an unreasonable request. The request may be for any unclassified document or chat discussion of the Congressional, Cabinet, or Judicial discord servers.
(b) A Freedom of Information request made by a court, congressional chamber or congressional committee is an ordained subpoena of information towards the cabinet. The cabinet is expected to provide all relevant information, with an SC of 3 or lower.”

To:

“(2) Freedom of Information requests can be made by a congressional chamber, congressional committee, Courts, and/or individuals.
(a) A Freedom of Information request made by an individual is, made towards the Department of Justice. The Department of Justice is then expected to make a reasonable attempt to, provide all non-classified requested information. Providing the request is reasonable as decided by the Speaker for Congressional requests, the Chief of Staff for Cabinet requests, and the Chief Justice for Judicial requests. A request for something classified by a player without sufficient clearance is always an unreasonable request. The request may be for any unclassified document or chat discussion of the Congressional, Cabinet, or Judicial discord servers.
(b) A Freedom of Information request made by a court, congressional chamber or congressional committee is an ordained subpoena of information towards the cabinet. The cabinet is expected to provide all relevant information, with an SC of 3 or lower.”
 
Last edited by a moderator:
House Vote: 8-0-0
Senate Vote: 4-0-0
A
BILL
To

Amend The Commercial Standards Act to Redefine Financial Institutions

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the ‘Financial Institutions Definition Act’'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Avaneesh2008
(4) This Act has been co-sponsored by Rep. Kaiserin_

2 - Reasons

(1) The definitions for financial institutions doesn't cover all the aspects of Financial Institutions and could lead to people not registering due to technicalities

3 - Amend Commercial Standards Act

(1) Section 18 of The Commercial Standards Act shall be amended from:

“(1) Financial Institutions
(a) A Financial Institution is a business that deals with deposits, loans, and/or investments.
(b) There are four types of financial institutions: Commercial Banks, Investment Banks, Stock Exchanges, and Credit Unions.

(2) Definition and Characteristics of a Commercial Bank:
(a) A Commercial Bank is a Financial Institution that is privately owned.
(b) A Commercial Bank is only governed by the owner or a group of owners who may make all decisions regarding the bank and its investments, employees, and interest rates, among other business decisions.
(c) Profits of a Commercial Bank are shared among owners/shareholders.

(3) Defining Characteristics of a Investment Bank:
(a) An Investment Bank does not take deposits.
(b) An Investment Bank is allowed to brokerage stocks through Stock Exchanges.
(c) An Investment Bank is privately owned and governed, with profits shared per owner discretion.
(d) An Investment Bank may also charge for services such as financial advising or market research.

(4) Definition and Characteristics of a Stock Exchange:
(a) A Stock Exchange is the sole Financial Institution able to buy and sell securities, otherwise known as stocks.
(b) A Stock Exchange reserves the right to charge clients commissions for each transaction in order to make a profit.

(5) Definition and Characteristics of a Credit Union:
(a) A Credit Union is a Financial Institution that is governed by the members.
(b) A Credit Union must elect a leader through a democratic fashion.
(c) Profits of a Credit Union are distributed to the members of the Credit Union or reinvested back into the Credit Union through interests, services, or other costs that benefit all members of the Credit Union.

(6) False Advertisement: A commercial advertisement that contains untrue information, that would deceive the reasonable person. The advertiser must have acted knowingly. If the information is publicly accessible, it may be presumed that the advertiser was aware of it.
(7) Misleading Advertisement: A commercial advertisement that includes information that is true, but is presented in a way that may confuse or mislead the reasonable person. The below actions are considered misleading advertisement:
(a) Omitting information that a reasonable person would consider in their decision making.
(b) Using ambiguous language
(8) Advertising Puffery: Vague, wildly exaggerated claims that no reasonable person would take seriously. For example, “the best restaurant in the world”.
(9) Commercial Advertisement: An advertisement intended to benefit or harm a privately owned or operated business.
(10) Political Advertisement: An advertisement intended to promote a political message, influence public opinion of a social issue, or persuade individuals to support a candidate, party or policy.
(11) “Authorising an advertisement”: An individual or organisation approving a commercial advertisement by:
(a) Displaying the advertisement of their own volition.
(b) Agreeing to have another individual or organization display the advertisement on their behalf is considered authorization.”

To:

“(1) Financial Institutions
(a) A Financial Institution is a business that deals with deposits, loans, and/or investments
(b) There are four types of financial institutions: Commercial Banks, Investment Banks, Stock Exchanges, and Credit Unions.

(2) Definition and Characteristics of a Commercial Bank:
(a) A Commercial Bank is a Financial Institution that is privately owned by the owner or a group of owners who may make all decisions regarding the bank and its investments, employees, and interest rates, among other business decisions.
(b) A Commercial Bank is only governed by the owner or a group of owners who may make all decisions regarding the bank and its investments, employees, and interest rates, among other business decisions.
(b) Profits of a Commercial Bank are shared among owners/shareholders as decided by its shareholder/operating agreements.
(c) Companies not registered as Commercial Banks may not take interest bearing deposits from customers for bank accounts


(3) Defining Characteristics of an Investment Bank:

(a) An Investment Bank can’t take deposits.
(b) An Investment Bank is allowed to brokerage stocks through Stock Exchanges, invest for clients in funds, give out loans, and provide investment advice to clients
(i) Investment Banks may charge for these services

(c) An Investment Bank is privately owned and governed, with profits shared per owner discretion.
(d) An Investment Bank may also charge for services such as financial advising or market research. Companies not registered as Investment Banks may not invest for customers or provide investment advice.
(e) Investment Banks may not have tax exemption status and will have to pay taxes on ingame balances.
(i) However, they will not need to pay Financial Institution tax as defined by the Taxation Act


(4) Definition and Characteristics of a Stock Exchange:

(a) A Stock Exchange is the sole Financial Institution able to buy and sell securities, otherwise known as stocks.
(b) A Stock Exchange reserves the right to charge clients commissions for each transaction in order to make a profit.

(5) Definition and Characteristics of a Credit Union:
(a) A Credit Union is a Financial Institution that is governed by the members.
(b) A Credit Union must elect a leader through a democratic fashion.
(c) Profits of a Credit Union are distributed to the members of the Credit Union and/or reinvested back into the Credit Union through interests, services, or other costs that benefit all members of the Credit Union.

(6) False Advertisement: A commercial advertisement that contains untrue information, that would deceive the reasonable person. The advertiser must have acted knowingly. If the information is publicly accessible, it may be presumed that the advertiser was aware of it.

(7) Misleading Advertisement: A commercial advertisement that includes information that is true, but is presented in a way that may confuse or mislead the reasonable person. The below actions are considered misleading advertisement:
(a) Omitting information that a reasonable person would consider in their decision making.
(b) Using ambiguous language

(8) Advertising Puffery: Vague, wildly exaggerated claims that no reasonable person would take seriously. For example, “the best restaurant in the world”.

(9) Commercial Advertisement: An advertisement intended to benefit or harm a privately owned or operated business.

(10) Political Advertisement: An advertisement intended to promote a political message, influence public opinion of a social issue, or persuade individuals to support a candidate, party or policy.

(11) “Authorising an advertisement”: An individual or organization approving a commercial advertisement by:
(a) Displaying the advertisement of their own volition.
(b) Agreeing to have another individual or organization display the advertisement on their behalf is considered authorization.”
 
Last edited by a moderator:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

1950minecrafterSignature.png


Seal_President.png
1950minecrafter
20th President of the Commonwealth of Redmont
Member of the WPR
 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

1950minecrafterSignature.png


Seal_President.png
1950minecrafter
20th President of the Commonwealth of Redmont
Member of the WPR
 
I will be voting Aye with the power vested in me as Vice President.
 
House Vote: 9-0-0
Senate Vote: 4-0-0
A
BILL
To

Amend the Commercial Standards Act and Fix an Error in Legislation

The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:

1 - Short Title and Enactment
(1) This Act may be cited as the 'Oopsies Act.'
(2) This Act shall be enacted upon the signage of both the Workers' Rights Act and itself.
(3) This Act has been authored by Rep. Kaiserin_.
(4) This Act has been co-sponsored by Rep. MissAndrist.

2 - Reasons
(1) A small error was made in the wording of the Workers' Rights Act that should be corrected before its signage to avoid any potential consequences.

3 - Amendments
(1) Section 13, subsection 1 of the Commercial Standards Act shall be amended as follows:
"(1) Unfair dismissal - The unjust termination of an employee. In determining if a termination was unjust, the following criteria must rightfully be considered:
(a) if the employee’s termination made financial sense given the regular business activities and necessity to maintain operations of the terminating party (such as in the case of normal company downsizing);
(b) whether or not the employee’s continued employment would have been a detriment to the workflow, reputation, or legal standing of the business;
(c) whether or not the dismissal was made primarily on the basis of any personally identifiable characteristics, including, but not limited to, gender, race, or political affiliation;
(i) Excepted from the provisions in §13.1.c 4(c) are personally identifiable characteristics that are integral to the function of the terminated party's employment.
(d) other metrics that courts find necessary to consider in accordance with what may be considered unfair dismissal by any reasonable person and is consistent with the previous language and intent of this section. Courts may not construe this section in any way that creates a result that is odd, absurd, or otherwise inconsistent with this section or the intent thereof."
 
Last edited by a moderator:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

1950minecrafterSignature.png


Seal_President.png
1950minecrafter
20th President of the Commonwealth of Redmont
Member of the WPR
 

Presidential Assent

This bill has been granted assent and is hereby signed into law.

1950minecrafterSignature.png


Seal_President.png
1950minecrafter
20th President of the Commonwealth of Redmont
Member of the WPR
 
Back
Top