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Forum Post: 28th Amendment, Congressional Gift Rules, Too Big Too Fail Banks, Freedom of Information

Posted 2 years ago on March 3, 2012, 10:24 p.m. EST by Middleaged (5140)
This content is user submitted and not an official statement

Just want to keep these circulating. I'm reposting from another string.

JOINT RESOLUTION on Receipt of Congressional Gifts

Proposing an amendment to the Constitution of the United States relating to gift giving and lobbying of congress, and campaign finance of members of congress.

To address the constant influence of money, eliminate conflicts of interest, to promote justice and equality, to place limits on corporate and wealthy entities, and to promote public tranquility the following articles and amendments are proposed. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein),

That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission by the Congress:

SECTION 1.

Congress shall not receive more than $100 dollars from any single entity in efforts raising campaign funds with respect to Federal elections, including political action committees, corporations, charitable organizations, churches or religious organizations, and all United States Citizens. There are no exceptions or waivers to this rule for any kind of entity. Congress shall maintain painstaking and specific records of all transactions related to campaign funds and any products such as books, or services such as speeches.

SECTION 2.

Congress shall not receive any lobby dollars, gifts over a $5 dollar value, free lunches, free dinners, free tickets to conventions, transportation tickets or free rides on airplanes, trains, space craft, free hotel rooms, free clothing, or any other produce or service worth more than an appraised value of $5 Dollars from any single entity in efforts or any kind or that would have the appearance of an ethics problem, including political action committees, corporations, charitable organizations, churches or religious organizations, and all United States Citizens. There are no exceptions or waivers to this rule for any kind of entity. Congress shall maintain painstaking and specific records of all transactions related to all kinds of gifts and especially gifts, be they products or services, that could be considered a conflict of interest.

SECTION 3.

The Congressional watchdog, the General Accounting Office, shall have power to make and publish reports and suggestions regarding transparency to all members of congress regarding this article. It is expected that every 10 years there would be an adjustment to gift and campaign dollar limits which will be applied as 20% increase each 10 years after the date of adoptions of this ammendment (i.e. $1 added after 10 years equals a new maximum gift value for congress of $6 dollars).

JOINT RESOLUTION concerning Too Big Too Fail Banks

Proposing an amendment to the Constitution of the United States relating monopolistic power, financial risk of large US banks and financial entities, national systemic and and economic risk of large US banks, and damage to US citizens from the financial crisis of 2008.

To address the constant influence of high risk financial behavior, to promote justice by slowing down banking fraud, to place limits on financial growth, to safe guard retail banking accounts, and to promote public tranquility the following articles and amendments are proposed.

SECTION 1.

US banks can no longer be both retail and investment banks. Retail banking is the banking for consumers. US citizens accounts shall be protected from bank investments and those within the financial organization that make investments.

SECTION 2.

Financial derivatives and derivative financial instruments will be regulated as any other financial investment. All financial investments whether stocks, bonds, or derivatives will be treated in the same way by regulators and will be shown on balance sheet transactions in accordance with generally accepted accounting practices (GAAP). Therefore, private hedge funds and private banks will also have to follow GAAP rules, and carry financial transactions on balance sheets.

SECTION 3.

US Banks failing a test of doing annual business greater than $1 trillion dollars in either long term investments, or total capitalization, or $500 billion in total liabilities, or who holds over $300 billion in derivatives, or who creates financial derivative products of over $200 billion annually shall be broken in to separate parts at the end of one year after proposal is adopted.

JOINT RESOLUTION concerning Freedom for Government Information

Proposing an amendment to the Constitution of the United States relating to US Citizens Freedom of Information Requests from all US state and federal government entities. US government agencies work for the US Citizen and are paid through tax dollars from the citizen, so it is reasonable and predicable that citizen will request information.

SECTION 1.

All Federal and State, and Local governments, there agencies and their offices shall provide citizens with free access to information, data, and assistance with respect to Freedom of Information Requests. Therefore government offices shall post instructions, times for office visits, and make an employee available to assist US Citizens visiting in person. Agencies shall make it known where citizens can go to accomplish these freedom of information requests. The citizen will accommodate office hours, office locations, and scheduling of office visits within a weeks time for convenience. Information is recognized as dynamic and changes over time and the intent is that near instant response to freedom of information requests is possible and usually will be reasonable.

SECTION 2.

Penalties for government refusal of requests will be remarks on performance appraisals or annual employee reviews. Citizens will have access to customer comment cards and comment boxes for auditing of this process. These requests for information will available to corporations, charitable organizations, churches or religious organizations, and all United States Citizens. There are no exceptions or waivers to this rule for any kind of entity.

1 Comments

1 Comments


Read the Rules
[-] 1 points by Middleaged (5140) 2 years ago

Paul Volker on Volker Rule on Bill Moyers, 6 April 2012. Touches on Dodd-Frank Bill.

http://vimeo.com/39814672

http://billmoyers.com/video/