This law will require all non-physical assets (for example: Stocks and Shares, Bank Accounts, Bonds, etc.) to be liquidated and kept in interest-free, government-monitored accounts. This law will only apply for the time that they are MP.
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Many political figures have dramatically increased their net worth during their times of great political influence. I believe that many decisions made by members of parliament could be swayed towards personal gain, increasing net worth and status instead of benefiting the public and improving the state of the country. This law could help prevent possible corruption and ensure decisions will be made for the benefit of the public and the country.