Corporate Expansion Act of 2033
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| Other short titles | Corporate Expansion Act |
|---|---|
| Long title | An Act to update and amend all existing federal law pertaining to business, corporations, and the like, to create a new larger type of business with the intended purpose of replacing large sections of government by the private sector, and lay the foundation for eliminating all federal and state debt. |
| Nicknames | Corporate Expansion Act of 2033 |
| Enacted by | the 138th United States Congress |
| Effective | January 1, 2034 |
| Legislative history | |
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The Corporate Expansion Act (CEA) of 2033 (CEA) 66 C.F.R § 01-3302 is a United States federal law and regulations passed by the United States Congress on June 6, 2033 and signed by the president on the same day. The act creates the framework to establish and regulate a new corporate entity known as megaCORP(s) ((Mc(s)), (Massive & Exceptionally Gigantic Associations of corporation(s)) along with seve4ÞUŒ:›éÝ0�ê^GþëÎòÕë{P>a¸è£K�‚ú?’¼³|–½�‘æÓ¢/ÊJ!²n¿ðÏÆ› ù�ô�zOãõ�€Š{I�¿Ãøß Æ%ÃE¾.�Ñá”+cþ�x�J÷Ž�úÔœ�³„ÚÌOç�@Ó�D¿ãn{x_�;Û×…L¯ÇÀ<‚ôƒ�n{C/¨...[null Fragmentary Encryption Anomaly]; Information irretrievable, data stream terminated.
Background
The origins of the CEA can be traced back several years before the the start of the Long Recession in 2029. Federal debt, deficits, rising borrowing costs, a downgrade of U.S. credit rating, and the impending insolvency of the Old-Age, Survivors, and Disability Insurance (OASDI), commonly known as Social Security prompted several private groups and law makers to find a solution for what many considered an inevitable collapse of the U.S. economy. The original intent of the concept was to eliminate federal debt by transferring assets of the U.S. government to large holding companies owned by multiple corporations, families, and individuals in exchange for cash.
Growing unrest and resentment towards what was deemed the ‘1%’ in the early two zero teens grew steadily grew steadily over several decades. The economic downturn of the late two zero 20s accelerated the anger and resentment felt by the vast majority of the U.S. population. Civil unrest and protest reached a crescendo in the early two zero 30s. In 2031 over 250 billionaires and CEOs of large corporations were assassinated in a span of 3 days. As a result any individual of great wealth wy¹ü�Ô¯¡ý<Ž�ûLƒÒs�Kÿ)?€èYõÂÿ�½�õ�7Ëøñ^°î...[null Fragmentary Encryption Anomaly]; Information irretrievable, data stream terminated.
¬»ó¸Ä+ÆÇPZGú‡ùeÈr0þ³^âÓƯC”~�MÍgÁ[ÐD¿Í®î—�ó�Ô5M‘ùÍ\!‘èIÉÿÓï}èòÔ6�ìOö�}‹æCõ=ûDßÿ „úž�ý~ÉMP?¼JúxÊn>)ò_òwˆö\"öxR3úkûÄ^�°ÀøÒ^±'s3Pþ—NÑ?µ—"e(_Éü{Qo�͘&ôm|�ׯÕk—¿�æ�4_¶'Ñ/CóÈûQÎ9ÞZ×�ÂÛi<U�õ�˜›¶‹<œ3�š¾ù´Ø‡« ¾ø�x秖þ�¬s)ŸÏþ’ü¶‹¿ŽÅ`ÎÇñúªû|þ�Úþ×�Œeatly influenced the final version of the CEA.
Faced with the prospect of losing large portions of their assets, rich people, families, corporations, IE, the 1% (need a quick description for this group) quietly present an unparalleled concept to law makers at every level. Pointing to the failures of the same actions in Russia and many other countries in the past on the subject of government nationalization, they offer an alternative.
Intention
The act is unusually large and far reaching. The most significant portion of the bill as it relates to existing levels of government at the federal, state, and municipality level is the creation a new jurisdictional level between the federal and state level controlled and operated by privately and / or publicly owned megaCORPs.
Other Regions and Countries
World wide, many other countries and regions have adopted similar acts with the same goals in mind. The European Union adopted a law very similar to the final version of the U.S. bill, with notable exceptions that include privacy and militia. Unlike the U.S. that divided commercial zone boundaries along interstate commerce routes, the EU divided it’s zones largely along country borders, with only a few exce—î�þ�}u?«�þ\b@ÃÈzÙÿ©��‘ð...[null Fragmentary Encryption Anomaly]; Information irretrievable, data stream terminated.
Provisions
There are several thousand provisions in the bill ranging from unive„�ø#œÜHos¨;êÜ©ùlµ·›ð€ä~V#=ú�×½™ÚoÝH¯5Þ�xÆ...[null Fragmentary Encryption Anomaly]; Information irretrievable, data stream terminated.
Criticism
Many smaller corporations and businesses have complained that they're essentially being strong armed into to selling a minority stake in their business. Opponents point out that technically, under the specifics of the CEA, existing shares of publicly traded companies are not diluted, but expanded with cash infusions from the collective megaCORP entity.
Individuals have criticized the monopolistic powers of the MCs, but others have point to the large number of market controls in place to assure price gouging does not occur. Additionally law makers that supported the bill have pointed out that citizens of Commercial Zones (CZs) essentially hold a stake in theß ú…ãÂ�ñû!´„ò©ìÿöŒûÇO...[null Fragmentary Encryption Anomaly]; Information irretrievable, data stream terminated.
Amendments
In 2035 several amendments were passed to remove some of the more burdensome requirements and streamline adoption of the new US hierarchy. Most notable of which were the virtual elimination of most anti-trust and monopoly related items which were seen as unnece¾{ÀþïlÁ?éEP½o—Øÿ²§À...[null Fragmentary Encryption Anomaly]; Information irretrievable, data stream terminated.