2024 Central Bank Act

The 2024 Central Bank Act is a piece of legislation that was introduced by Chester Pansire as the Minister of Economics during the Taft Ministry. This act introduces a Central Bank and an Economics Council.
== Sections Contained Within The Bill ==
Section 1: Establishment of the Central Bank 
* 1.1. A central bank, the Cool Server Central Bank (CSCB), shall be established, and has sole authority on monetary policy and regulation in the Cool Server. 
* 1.2. The CSCB shall function as a partly independent entity to achieve economic stability. 
* 1.3. The CSCB will be governed by a council known as the Cool Economics Council (CEC). There will be one member appointed from every state in the Cool Server, each being elected by said state. 
* 1.4. The Chief Economic Director of the CSCB will be the head of the CEC and CSBC and is elected by Parliament for a fixed term of 2 months, subject to renewal. They, along with any member of the board, can be forcefully resigned by a majority in Parliament if believed incompetent. 
Section 2: Objectives 
* 2.1. The primary objectives of the CSCB shall be to:
** Maintain a sustainable and manageable level of inflation and price stability.
** Increase employment by promoting job creation and reducing unemployment.
** Foster economic growth while ensuring equal distribution of wealth and resources.
** Protect the stability and integrity of the financial system of the Cool Server.
Section 3: Repeal of Conflicting Laws 
* 3.1. Any laws or provisions conflicting with this Act are to be repealed or modified to fit its contents.
Category:Legislation of The Cool Server Republic