View source for Miscellaneous Commerce-related Changes Act

[[Category:Legislation]] [[Category:Economic Law]]
=Miscellaneous Commerce-related Changes Act=
Passed by the Senate on 11 March 2025

Signed by the President on 12 March 2025

==Preamble==
'''Whereas''' the language in Article 2 Clause §3.1 of the Commerce Actualizations Act used to say “nominate”, it now uses the word “hire."

'''Whereas''' the BoCS Director previously needed to be confirmed by the senate according to the Commerce Actualizations Act, they are now chosen solely by the Executive branch, as they are just an internal division head. 

'''Whereas''' the language was unclear as to what defines a casino and gambling in The Casinos and Gambling Regulations 2025 Act, this is now more clearly defined. 

'''Whereas''' casinos prior didn’t have to pay taxes until all other businesses did, the casinos industry will now be taxed.

'''Whereas''' there was nothing codifying a contract of a Last Will and Testament, this act provides specific details on how it works and how assets will be paid out from it. 

===Article 1: Commerce Actualizations Act Amendments===
§1. Article 2 Clause §3.1. shall be stricken from the Commerce Actualizations Act and be replaced with:

     §3.1. Each division shall have a Division Director, who shall be hired by either the Secretary of Treasury or the President. 

§2. Article 2 Clause §3.2. shall be stricken from the Commerce Actualizations Act and replaced with: 

      §3.2. The BoCS Director shall be hired by the Director of Treasury or the President.

===Article 2: Casinos and Gambling Regulations Amendment===
§1. Article 1 §2. shall be stricken from the The Casinos and Gambling Regulations 2025 Act and be replaced with: 

     §2. Casino: Any entity that facilitates the act of Gambling. This includes but is not limited to virtual slot machines, card games such as Poker or Blackjack, a lottery, betting, or any other games of chance that involve risk. 

§2. Article 4 §1.2. Shall be stricken from The Casinos and Gambling Regulations 2025 Act. 

===Article 3: Last Will and Testaments Definitions===
§1. “Testator”- The Person that the Last Will and Testament belongs to and whose assets will be disbursed by it. 

:§1.1. “Beneficiary”- Someone meant to receive assets as declared by a legally viable Last Will and Testament. 

:§1.2. “Executor”- An individual,  business, or organization responsible for making sure the Last Will and Testament is carried out and informing beneficiaries of what they receive. 

:§1.3. “Paid out” or “paying out”- Enacting all the asset changes provided for in a legally viable Last Will and Testament. 

===Article 4: Last Will and Testament===
§1. A testator may create a contract known as a Last Will and Testament which is a document that will provide information about where their assets shall go to under a specific set of conditions explained within it. 

:§1.1. Assets may be considered, but are not limited to: tau within someone’s taubot account, any ownership in a business, or any channel they may currently own on the SimDemocracy Discord server. 

:§1.2. Assets within Last Will and Testaments will go to beneficiaries which can be any legal entity including individuals, businesses, or organizations. Assets within Last Will and Testaments may not go to the SimDemocracy Government or any facet of it. 

:§1.3. The testator and all authorities who will be involved in the paying out of a Last Will and Testament must sign the contract, including the executor, stock exchanges, the Department of Treasury, or businesses. 

§2. Completed Last Will and Testament contracts shall be sent to The Department of Treasury to confirm the testator owns the assets within the Last Will and Testament.  

:§2.1.  Executors shall keep records of Last Will and Testaments. The Department of Treasury shall also be responsible for keeping records of any legally viable Last Will and Testaments sent to them in case of future discrepancies.

:§2.2. The executor will be responsible for taking measures to make sure a Last Will and Testament is paid out when conditions are met. They will inform any authorities (such as stock exchanges or The Department of Treasury) of any asset changes they must enact through the paying out of a Last Will and Testament. 

:§2.3. The executor will inform beneficiaries of what they receive from a Last Will and Testament. 

:§2.4. All Last Will and Testaments must be paid out within 30 days of the conditions within them being met, unless stated otherwise on the contract. 

:§2.5. If a beneficiary of a Last Will and Testament has left the Discord Server and was meant to receive any assets, the portion of the Last Will and Testament involving them will not be paid out unless they return to the Discord Server within 30 days of the conditions of the Last Will and Testament being met. In this case, there will be a 10 day extension on paying out the portion of the Last Will and Testament meant to go to that beneficiary. 

§3. Last Will and Testaments will be public records and the Department of Treasury must show them to someone if asked. 

:§3.1. A Testator may void their Last Will and Testament at any time by asking the executor and the Department of Treasury to do so. A Last Will and Testament shall be viewed as void the moment after the Testator has asked both the executor and Department of Treasury to void it. If the executor no longer exists within the SimDemocracy Discord server, the Last Will and Testament may be voided by just asking the Department of Treasury to void it.

:§3.2. To change a Last Will and Testament, it must be voided and a new contract may be created. 

===Article 5:===
§1. All changes in this act will go into effect two days after its passage.