|Short Title||LEAD Act|
|Long Title|| A Law to liberalize the internal mechanisms of Executive offices and Departments so as to allow for
experimentation, collaboration, individualism, and efficiency of the government by providing regulatory authorities to Departments, permitting debt issuance by Departments, and expanding financial and independent resources.
|Colloquial Acronym||LEAD Act|
|Enacted||August 31, 2015|
|UTC Parts(s) Amended||3 UTC, 4 UTC, 6 UTC, 7 UTC, 9 UTC, 10 UTC, 11 UTC, 12 UTC, 18 UTC, 20 UTC,|
The LEAD ACT was a major piece of legislation in 2015-III. It was put forward by Charles Sessions to decentralize the departments and allow them to operate more independently.
The bill contains provisions that allow departments to issue bonds themselves instead of just the Department of the Treasury and the Department of Naturalization (Authorized under the Naturalization Contingency Act).The Bill contains provisions allowing the Department of the Treasury to take over departments temporarily in the event an individual department is unable to repay its debt.