Debt Ceiling Act, 654
In order to save the Republic from default and prevent such a scenario in the future, it is necessary to drastically reduce the government's expenses and set the upper limit of the allowed public debt.
REJECTED on 31st of July 2023, 5 Aye, 15 Nay, 1 Abstain.
Article One - Debt Ceiling
- 1 - The maximum allowed amount of debt of the Kodiak Republic is 150% of its GDP.
Tabled by von Zeppelin, MGA, CKA, as an independent member's bill.