SB 118-38: Ending (Corporate) Welfare As We Know It - Failed
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Author Topic: SB 118-38: Ending (Corporate) Welfare As We Know It - Failed  (Read 444 times)
Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« on: November 26, 2023, 05:38:14 PM »
« edited: December 09, 2023, 09:20:17 PM by PPT Dwarven Dragon »
Quote from: PPT Dwarven Dragon on November 13, 2023, 04:03:48 PM
Quote
Ending (Corporate) Welfare As We Know It

Quote
Section 1. Title
This bill may be cited as the Ending Corporate Welfare As We Know It Act.

Section 2. Definition(s)
A. Corporate Welfare: Defined as subsidizations or bailouts from the federal government to corporations.
B. Contraction: Defined as a decrease in economic output.
C. Recession: Defined as contraction for at least two quarters
D. Depression: Defined as 3+ years of GDP contraction as well as a contraction of at least a 10% of the total GDP.
E. Struggling local economy: Defined as a county with an unemployment rate of >5%.

Section 3. Managing Bailouts
A. This bill will prohibit the use of corporate welfare except for bailouts during times of economic recession or depression. Exceptions will be given to areas such as the Rust Belt or Appalachia who have struggling local economies in which case local or regional revitalization efforts may use government funds.

B. Any bailout of a failing industry must be audited by the receiving companies. CEOs/Presidents who abuse the money may face penalties including fines of no less than $500,000 or no fewer than 5 years imprisonment.

Section 4. Implementation
This bill will take place effective immediately.

Sponsor: Dwarven Dragon
Occupying: Slot 8
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #1 on: November 26, 2023, 05:39:26 PM »
This is a 2nd attempt at a bill that failed in the previous session in part due to several supporters missing the vote. It provides important limitations on corporate bailouts.
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Vice President Christian Man
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« Reply #2 on: November 26, 2023, 07:19:54 PM »
Thank you for reintroducing this, I will act as a co-sponsor.
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Joseph Cao
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« Reply #3 on: November 29, 2023, 12:52:52 AM »
This still permits bailouts for coal companies.
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #4 on: December 02, 2023, 02:15:31 AM »
Motion for a final vote
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #5 on: December 03, 2023, 02:32:38 AM »
A final vote is beginning.

Aye
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Dr. MB
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« Reply #6 on: December 03, 2023, 02:58:12 AM »
Aye
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LAKISYLVANIA
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« Reply #7 on: December 03, 2023, 06:38:49 AM »
Aye
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nerd73
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« Reply #8 on: December 03, 2023, 07:04:03 AM »
Aye
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At-Large Senator LouisvilleThunder
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« Reply #9 on: December 03, 2023, 08:09:05 AM »
Abstain
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Pyro
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« Reply #10 on: December 03, 2023, 01:17:14 PM »
Aye
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Vice President Christian Man
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« Reply #11 on: December 03, 2023, 02:46:21 PM »
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reagente
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« Reply #12 on: December 04, 2023, 09:13:12 AM »
Nay
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RFayette
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« Reply #13 on: December 04, 2023, 09:35:31 AM »
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fhtagn
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« Reply #14 on: December 04, 2023, 10:44:38 AM »
Nay
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Coastal Elitist
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« Reply #15 on: December 04, 2023, 01:17:43 PM »
Nay
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #16 on: December 04, 2023, 05:25:08 PM »
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P. Clodius Pulcher did nothing wrong
razze
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« Reply #17 on: December 04, 2023, 05:44:44 PM »
Aye
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ChiefFireWaterMike
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« Reply #18 on: December 04, 2023, 06:36:50 PM »
Nay
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Jay 🏳️‍⚧️
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« Reply #19 on: December 05, 2023, 12:25:38 AM »
Nay
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
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« Reply #20 on: December 06, 2023, 04:11:21 PM »
The Vote is Tied 7-7-1-2. The VP will break the Tie.

Wall of Shame Vote 37:

AFE up to 21
Cao up to 7
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Joseph Cao
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« Reply #21 on: December 06, 2023, 10:39:35 PM »
Nay FTR.
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FEMA Camp Administrator
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« Reply #22 on: December 09, 2023, 11:52:07 AM »
Nay.
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Attorney General, Senator-Elect, & Former PPT Dwarven Dragon
Dwarven Dragon
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« Reply #23 on: December 09, 2023, 09:20:05 PM »
Fails 7-8-1-2
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