Pummelpuffpuff on Nostr: I wrote a law that will end all wars: **Law to prevent conflicts of interest through ...
I wrote a law that will end all wars:
**Law to prevent conflicts of interest through share ownership by members of the Senate and Congress**
§ 1 **Purpose of the law**
This law serves to prevent conflicts of interest and to promote the integrity and independence of members of the Senate and Congress in the performance of their public duties.
§ 2 **Prohibition of share ownership**
(1) No member of the Senate or Congress may own shares or comparable financial interests in companies that have a direct business relationship with the government and benefit from government contracts, subsidies or funding.
(2) This applies to companies that have received government contracts worth more than USD 100,000 in the current or previous fiscal year.
§ 3 **Obligation to sell**
(1) Existing shareholdings in the companies mentioned in § 2 must be sold within 90 days of taking office.
(2) In the event of violations, the office is automatically suspended until the shares in question are sold.
§ 4 **Penalties**
Violations of this law will be punished with a fine of three times the value of the shareholding in question.
§ 5 **Entry into force**
This law comes into force on the day after its promulgation.
**Law to prevent conflicts of interest through share ownership by members of the Senate and Congress**
§ 1 **Purpose of the law**
This law serves to prevent conflicts of interest and to promote the integrity and independence of members of the Senate and Congress in the performance of their public duties.
§ 2 **Prohibition of share ownership**
(1) No member of the Senate or Congress may own shares or comparable financial interests in companies that have a direct business relationship with the government and benefit from government contracts, subsidies or funding.
(2) This applies to companies that have received government contracts worth more than USD 100,000 in the current or previous fiscal year.
§ 3 **Obligation to sell**
(1) Existing shareholdings in the companies mentioned in § 2 must be sold within 90 days of taking office.
(2) In the event of violations, the office is automatically suspended until the shares in question are sold.
§ 4 **Penalties**
Violations of this law will be punished with a fine of three times the value of the shareholding in question.
§ 5 **Entry into force**
This law comes into force on the day after its promulgation.