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Rocky-nomics Act 2025

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Rocky-nomics Act 2025

Passed in multiple parts

Rocky-nomics Pt. 1 Act

Passed by the Senate and signed by the President on 30 July 2025.

Author: anaphase_andy

Preamble

Whereas
a robust economy would serve to provide something more for the government to govern, as well as another avenue for SimDem citizens to participate in the nation;
Whereas
initial legislative steps should be taken in order to produce a robust economy;

Article 1: Tax Repeal

§1. The Bank Balance Tax Act shall be repealed in its entirety.

Article 2: Subsidy Requirements

§1. Any subsidy or other financial benefit given from the government of SimDem to a News Organization (identified in subsequent and prior budgets and/or legislation) must have at least 75% of said subsidy or other financial benefit going to the payment of employees for said News Organizations, with no more than 45% of said employee payments going to owners (minority, majority, or 50%) of the News Organizations.

Rocky-nomics Pt. 2, Electric Boogaloo Act

Passed by the Senate and signed by the President on 9 August 2025.

Author: anaphase_andy

Preamble

Whereas
the Department of the Treasury Currently serves as a purely administrative body;
Whereas
an expansion of the Treasury’s toolset is required for it to aid and guide the SimDem economy
Whereas
certain regulatory powers are necessary for a meaningful and positive impact of the SimDem State Bank and the Department of the Treasury at large.

Article 1: SimDem State Bank Authority

§1. The Board of Governors of the SimDem State Bank (or any body governing the SimDem State Bank) shall have the authority to regulate the operations and standards of all financial institutions and foreign exchanges as defined in the Bank Note Regulations Act 2025. The aforementioned regulations and regulatory powers include:

§1.1. The amount of tau required to be held by the regulated parties at any given time.
§1.2. A cap and floor (maximum and minimum) for the interest rates on loans given by the regulated parties.
§1.3. Conducting audits.
§1.4. Setting capital and liquidity requirements.
§1.5. Ensuring compliance with financial laws.
§1.6. In cases of noncompliance or threats to financial stability, the SDSB may impose civil corrective measures such as fines, restrictions on operations, or, in extreme cases, the suspension or revocation of licenses.
§1.7. Mandate corrective action plans.

§2. Any knowing, negligent, or intentional violations of the above regulations shall constitute a civil offense, warranting a fine of at least five-thousand (5,000) tau. Knowing, negligent, or intentional violations of the above regulations may also warrant a barring from owning/operating a foreign exchange and/or financial institution, compensatory damages to any damaged parties, and punitive damages.

§2.1. The above described civil offense shall be placed in the Civil Code 2025 under “Part 5 - Torts,” as “Article 34: Failure to Comply with SDSB Regulations.”
§2.1.1. The text of “Article 34: Failure to Comply with SDSB Regulations” shall be the same as §2 of this article, with the exception of “above regulations” (underlined for the benefit of the archivists) being replaced with “regulations set by the SimDem State Bank, as permitted under the Rocky-nomics Pt. 2, Electric Boogaloo Act… .”

Repealed<ref name="sdsb">SimDem State Bank Act 2025</ref>

§3. The State Bank Act, Article IV, §1, shall be amended to read: 

 “§1. The SDSB shall be governed by the Secretary of the Treasury, the Treasurer(s) of the Department of the Treasury, the Deputy Secretary of the Treasury, and the Director of the Central Revenue Bureau. This body shall be referred to throughout the rest of this bill as either “the Board” or “the Board of Governors.”

Article 2: Enforcement

§1. The Central Revenue Bureau, at the direction of the Director of the same institution, shall be entrusted with the duty to enforce the laws and regulations described above.

§2. Any regulations set by the SimDem State Bank shall not be enforceable nor come into effect until a full fourty-eight (48) hours has passed since the public announcement of said regulations.

§3. The SimDemocracy Reserve System Act shall be repealed.