The Department of Commerce (DOC) is the department of the executive branch tasked with overseeing and supporting the economy of Redmont, providing support to Redmontian businesses and ensuring financial compliance within the financial and banking sectors. It plays a significant role by overseeing the nation's financial institutions through audits and reviews, documenting monthly consumer price indexes, managing business incorporation and grants, as well as the distribution of monthly business and campaign shoutouts. The department is currently headed by Secretary xSyncx.
History
The department was initially established as the Department of Education and Commerce (DEC), overseeing both education and cultural heritage alongside economic policy and regulation. In October 2022, following the successful referendum of the Department Reform Act[1], the DEC was split into the Department of Commerce and the Department of Education (DOE). The reason for the split was, according to then-Speaker of the House xEndeavour: "a historical abandonment of education in Government, partly due to the large portfolio of responsibilities of the DEC and the primacy of economics within that department".[2]
In both its tenure as part of the Department of Education and Commerce and as an independent body, the department has been essential in monitoring the functionality of Redmont's economy and taking steps to neutralise threats to the nation's economic stability. The department has overseen many initiatives to grow Redmont's economy.
Duties and Responsibilities
The Department of Commerce holds several primary responsibilities:
- Approving the registration of financial institutions
- Auditing the activities of registered financial institutions to ensure compliance
- Compilation and publication of a monthly consumer price index (CPI)
- Approval of and oversight over tax-exempt firms and institutions
- Approval of and oversight over business incorporation and bankruptcy
- Approval of and oversight over monetary grants for business
- Auctioning and distributing monthly business and campaign shoutouts, as well as billboard spaces
Employed jobs
The Department of Commerce operates through a structured hierarchy that includes a range of leadership, management, and operational roles. The department works closely with other governmental bodies, in particular the Federal Reserve Board of Governors, to ensure the smooth functioning of the economy.
Leadership
The following roles are leadership roles obtained upon nomination, by either the President (Secretary) or by the Secretary of Commerce (Deputy Secretary).
- Secretary of the Department of Commerce: The head of the department, responsible for overall policy direction and the execution of the department's functions.
- Deputy Secretary of the Department of Education: Supports the Secretary in day-to-day operations and policy implementation.
Management
- Compliance Manager: Oversees the execution of compliance-related duties and obligations.
- Senior Economist: Oversees the execution of economist-related duties and obligations.
Occupations
- Compliance Officer: Enforces corporate and economic law through audits, and reviews financial institution applications, incorporation applications, and marketplace rules.
- Economist: Analyses Redmont's economy to provide monthly CPIs, as well as evaluating grant and billboard applications and managing shoutout and campaign auctions.
List of Secretaries
| Secretary | Deputy Secretary(ies) | Term Duration | Administration |
|---|---|---|---|
| MehLife | March 2020 - May 2020 | xEndeavour | |
| Technofied | May 2020 - August 2020 | xEndeavour | |
| ElementPenguin | August 2020 - September 2020 | xEndeavour | |
| Technofied | September 2020 - October 2020 | xEndeavour | |
| Technofied | October 2020 - December 2020 | Westray | |
| Zab_ | December 2020 - February 2021 | Westray | |
| Zab_ | February 2021 - March 2021 | Krix | |
| Zab_ | March 2021 - March 2021 | Hugebob23456 | |
| Trentrick_Lamar | May 2021 - June 2021 | Hugebob23456 | |
| ChAkselsen | June 2021 - June 2021 | _Austin27_ | |
| Hugebob23456 | July 2021 - October 2021 | _Austin27_ | |
| Thritystone | October 2021 - February 2022 | 218218Consumer | |
| xerxesmc | February 2022 - February 2022 | LilDigiVert | |
| xerxesmc | February 2022 - March 2022 | Westray | |
| Trentrick_Lamar | March 2022 - June 2022 | Westray | |
| wetc | June 2022 - July 2022 | LilDigiVert | |
| Trentrick_Lamar | July 2022 - October 2022 | LilDigiVert |
Controversies
WIP
See Also
- ↑ https://discord.com/channels/673612908868927498/686158870435201035/1035048327957459045
- ↑ Redundant - Department Reform Act | DemocracyCraft