View source for Government Bond Security Act

[[Category:Legislation]] [[Category:Economic Law]]
=Government Bond Security Act=
Author: Democracy-foryou

Passed by the Senate on 13 March 2025

==Preamble==
'''Whereas''' to prevent the government screwing over government bond owners as has occurred in the past

==Article 1: Security==
§1 Bonds authorized under The Government Bonds Expansion Act must have their terms fulfilled or be re-purchased even if the Government Bonds Expansion Act is repealed or government bonds are no longer legally approved. 

:§1.1 If the Government Bond Expansion Act is repealed before the bonds are re-purchased then the government must offer double the listed value of the bond to force the government bond owner to re-purchase

§2 Bonds issued by the government must have their terms fulfilled and be re-purchased before being invalided or voided if the government decides to end bond authorization or outlaw bonds. 

§3 The government, even if it outlaws or voids government bond ownership by citizens, must pay out or provide equivalent reimbursement for the government bonds affected. 

==Article 2: Implementation==
§1 Effective upon passage