Bill: Rejected Government Investment Act

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A
BILL
To

Fix Business Grants​

The people of Democracy Craft, 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 “Government Investment Act”.
(2) This Act shall be enacted immediately upon its signage.

2 – Reasons
(1) The grant program is an enormous financial burden for the government to fulfill.
(2) Additionally, simple grants create complacency in businesses that discourage growth as there’s no debt to pay back.
(3) Pursuing a program based on loans would allow the government to stimulate business, encourage profitability, and net gain money.

3 - Change
(1) Any grants accepted before the date of this bill’s passage will be fulfilled.
(2) The DEC shall give grants only to corporations in strategic industries that are beneficial to the public, lack competition, or have little development.
(3) The DEC shall otherwise grant loans to applicants. The DEC has full power over the terms of these loans, but they are encouraged to have low interest and have an initial grace period for repayments to allow the businesses time to become profitable.
(4) The DEC has sole discretion over determining what industries should receive grants and which should receive loans.