Bill: Rejected CRB Delete Act

[GoldBlooded]

A
BILL
To

Remove the Commonwealth Reserve Bank

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:
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1 - Short Title and Enactment
(1) This Act may be cited as the 'CRB Delete Act.'
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by: Senator xEndeavour
(4) This Act has been co-sponsored by: Senator xEndeavour

2 - Reasons
(1) The CRB has shown time and time again that it is unable to maintain the trust of the public in administering fiscal and monetary policy.
(2) The CRB lacks public accountability expected of Government institutions, which the DOC is subject to with appropriate oversight.
(3) The CRB runs the economy and the CRB is run by businesspeople and banking magnates. Banks and Businesses should be regulated by elected representatives, not bankers and businesspeople.

3 - CRB Act
(1) Act of Congress - Commonwealth Reserve Act is Rescinded.
(2) The vested powers and responsibilities of the CRB are transferred to the DOC in the ESA.