Economic Recovery Package, 651

The purpose of this bill is to facilitate economic recovery following the war with TGN. This shall be achieved by adopting a monetary policy of quantitative easing that will increase the liquidity of the market, which promotes economic activity. With the reacquisition of the Darrent, this bill will hasten and incentivise the mining and extraction of rare earth metals such as bauxite via mining subsidies. Measures regarding increasing Kodiak’s energy efficiency and decreasing our oil dependency via renewable energy subsidies will improve our economy and our environment. Perhaps the most ambitious and important part of this bill is its effort to increase foreign investment inside the Kodiak Republic; this shall be achieved via foreign investment tax credits and protection of international intellectual property rights.

ACTIONED on ## MONTH YEAR with ## Aye, ## Nay, and ## Abstain.

Article 1: Quantitative Easing

1.1 - The Central Bank shall establish a monetary policy of mild quantitative easing. The Treasury shall create 12.1 billion new florins which the Central Bank shall use to start buying a small number of long-term bonds spread over the largest financial institutions in Kodiak.

1.2 - After 12 months from implementation, this article will be automatically removed unless the General Assembly wishes and votes to renew it.

Article 2: Government Energy & Resource Subsidies

2.1 - The Ministry of Commerce shall issue a government subsidy to mining companies to hasten the establishment of long-term rare earth metal mining operations in the Darrent. They will also issue subsidies for the research and development of renewable energy infrastructure.

2.2 - A total of 1,200 million florins shall be allocated quarterly by the Ministry of Commerce to fund these mining subsidies.

2.3 - These mining subsidies shall first and foremost go towards establishing proper ventilation and waste disposal systems on mining sites and facilities.

2.4 - A total of 243 million florins shall be allocated quarterly by the Ministry of Commerce to fund renewable energy subsidies.

2.5 - Renewable energy consists of wind, solar, hydro, and nuclear power. These subsidies shall go to all energy companies who build new power generation and infrastructure that support these renewable energy sources.

Article 3: Promotion of Foreign Investment

3.1 - The Ministry of Revenue & Tax shall issue tax credits to foreign investors willing to invest money into Kodiak. A foreign investor is any foreign individual or private entity who has invested at least 1,000,000 florins worth of assets or cash into the Kodiak economy.

3.2 - The National Patent Office (NPO) shall be created under the Ministry of Law & Order to review, protect, and enforce intellectual copyright inside the Kodiak Republic.

3.3 - The Ministry of Law shall enact intellectual copyright protections laws. All international copyrights shall be recognized and enforced by the NPO.

3.4 - A total of 600 million florins shall be allocated quarterly by the Ministry of Revenue & Tax to fund foreign investor tax credits.

Written and Proposed by Erich Crysler, MGA, Independent.