by Max Barry

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DispatchFactbookLegislation

by The Democratic People's Republic of Solvism. . 1 reads.

Solvism Economic Oversight Act

Section 1: Purpose

1.1 The purpose of this legislation is to regulate the involvement of major multinational investment companies in Solvism's economy and establish measures for their oversight by the Solvisian Government.

Section 2: Restricted Involvement

2.1 Major multinational investment companies, including but not limited to BlackRock, The Vanguard Group, and Invesco, are restricted from participating in Solvism's economy unless they agree to constant and heavy monitoring by the Solvisian Government.

Section 3: Monitoring Mechanisms

3.1 Monitoring of major multinational investment companies shall be conducted by the Solvisian Treasury & Revenue Department.

3.2 Subsidiaries or businesses owned by major multinational investment companies, such as Walmart, Cisco, Coca-Cola, and Ford, may operate in Solvism with standard monitoring, as determined by the Solvisian Treasury & Revenue Department.

Section 4: Enforcement and Penalties

4.1 Violations of this act will result in penalties as follows:

a. First Offense: A reminder and a small fine, determined by the Solvisian Treasury & Revenue Department.

b. Second Offense: A warning and a larger fine, determined by the Solvisian Treasury & Revenue Department.

c. Third Offense: A complete embargo on the corporation or investment group in Solvism, unless they agree to pay an extreme penalty, which will be determined on a case-by-case basis and will also include substantial taxation.

Section 5: Dispute Resolution

5.1 In the case of disputes regarding penalties, a review board consisting of representatives from the Solvisian Treasury & Revenue Department and an independent regulatory body will be formed to ensure fairness and transparency.

Section 6: Implementation

6.1 This legislation shall come into effect 90 days after its passage.

Section 7: Amendments

7.1 Amendments to this legislation may be proposed through the standard legislative process.

This legislation is enacted to protect the economic interests of Solvism and ensure responsible and transparent business practices within its borders.

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