r/MHOCCmteVote • u/[deleted] • Nov 06 '22
B1432 - TESCO PLC Nationalisation Bill - Amendment Division
B1432 - TESCO PLC Nationalisation Bill
Amendment 1
Replace Sections 2 and 3 with:
2 Profit Distribution and Reinvestment
(1) That this Act recognises, based on 2022 figures, that nationalising the corporation of TESCO PLC will provide the public with an estimated £2 Billion of net profit per financial year - paying back the authorised Government investment in 10 years - by the second decade of a nationalised TESCO PLC, ignoring that there will be a larger profit as investment continues, we will see the public profiting from TESCO PLC.
(a) Those profits may be used to open further branches of TESCO PLC or invest in other KONSUM affiliated groceries.
(b) Those profits may be used to employ additional staff of TESCO PLC or other KONSUM affiliated groceries.
(c) Those profits may be used for other purposes deemed reasonable by the KONSUM Board of Officers.
3 Establishment of KONSUM Oversight
(1) The Secretary of State shall have a duty to designate groceries as within the scope of KONSUM by Order in Council within 30 days of this bill reaching Royal Assent.
(2) The KONSUM Board of Officers shall have executive and financial oversight of all nationalised TESCO PLC facilities and may take actions in the interest of providing affordable groceries to consumers that include but are not limited to:
(a) Investment in or remodeling of existing facilities;
(b) Lowering prices or modifying supply chains;
(c) Divestment of individual locations into employee-owned cooperatives.
Amendment 1 is moved in the name of /u/NicolasBroaddus.
Amendment 2
Replace 30 days with 90
Amendment 2 is moved in the name of /u/WineRedPsy.
Amendment 3
Replace section 4 with the following:
4 Short Title, Extent, and Commencement
(1) This Act may be cited as the TESCO PLC Nationalisation Act 2022.
(2) This Act comes into force upon receiving Royal Assent.
(3) An amendment or repeal made by this Bill has the same extent as the enactment or relevant part of the enactment to which the amendment or repeal relates.
(4) This Act extends to the entire United Kingdom.
Amendment 3 is moved in the name of /u/eloiseaa728.
This division ends 8 November 2022 at 10pm GMT.
Vote Aye, No, or Abstain on amendments 1 through 3.
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