SB 107-20: Andrew Jackson Memorial Bank-Killing Act (Rejected)

[Pericles]

Nay

[Saint Milei]

Yall already know how i'm voting on this so

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Yall already know how i'm voting on this so

That is an emphatic AYE!

[Joseph Cao]

Aye.

[Dr. MB]

Aye

[Former President tack50]

Nay

[If my soul was made of stone]

NAY

[WD]

Final Vote:

Aye (7): West Midlander, North Carolina Yankee, Ishan, Muad’dib, DeadPrez, Joseph Cao, MB

Nay (7): Western Democrat, Kuumo, OBD, S019, Pericles, Tack, Discolovante

The Senate being evenly divided, the Vice President is called upon to break the tie.

[The world will shine with light in our nightmare]

As former president, I urge the current administration to support this policy. This bill was misunderstood by many people, myself included, but essentially the bill allows regions to cap the interest rates on 40% of banks (i.e. the largest ones).

Someone who lives in Florida, where interest rates are capped, can still borrow from a New York-based bank where there is no anti-usury law. However, all those Southern-based banks are limited in how much they can charge interest.

This would not affect the Federal Reserve (a private company, I like to point out!) unless inflation was so bad that they had to raise interest rates to 12%. That is insanely high.

Labor should support regional efforts to crack down on big banks. I sincerely hope that President OBD considers this and weighs the bill on its merits, not your opinion of its author.

[Utah Neolib]

In my authority as Vice President and President of the Senate, I am breaking the tie by casting a NAY vote.

[Mr. Reactionary]

As former president, I urge the current administration to support this policy. This bill was misunderstood by many people, myself included, but essentially the bill allows regions to cap the interest rates on 40% of banks (i.e. the largest ones).

Someone who lives in Florida, where interest rates are capped, can still borrow from a New York-based bank where there is no anti-usury law. However, all those Southern-based banks are limited in how much they can charge interest.

This would not affect the Federal Reserve (a private company, I like to point out!) unless inflation was so bad that they had to raise interest rates to 12%. That is insanely high.

Labor should support regional efforts to crack down on big banks. I sincerely hope that President OBD considers this and weighs the bill on its merits, not your opinion of its author.

For example, South Dakota has no caps on interest rates. Under federal law a bank chartered for both South Dakota and Virginia (like Deutsche Bank) can charge infinity intetest in Virginia, even though a Virginia only bank (like Carter Bank & Trust) or credit union (like our local United Rubber Workers Credit Union) cannot charge infinity intetest. The Bible, our ultimate moral arbiter on Earth, demands we crush the wicked banks who bleed the life from His flock.

This was all explained in the provided reading. Am I the only one who did the reading?

We've technically nullified this in the South already, but if it does come back it could let Lincoln and Fremont similarly crush their own serpents.

[WD]

In my authority as Vice President and President of the Senate, I am breaking the tie by casting a NAY vote.

This bill is rejected 7-8-4

[The world will shine with light in our nightmare]

Not a good look for the left.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Not a good look for the left.

Labor is the party of usury confirmed.