Foreign Property Purchase Approval Act of 2016
Rationale
The change modernizes foreign land ownership rules, balancing investment opportunities with national security needs.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Foreign Land Ownership |
Foreign ownership limited to commercial property only; residential banned
|
Foreign purchases require government approval
|
1
Foreign Land OwnershipProposer
Party
Horizon
Horizon is a forward-looking political movement built around the idea that long-term thinking should sit at the center of public decision-making. It is a broad-reaching social liberal and progressive party focusing on long-term outcomes: sustainability, economic resilience and social cohesion.
Core pillars
Sébastien Mercier
Activist · Age 49
Once a rising star in the diplomatic corps, Sébastien Mercier resigned after refusing to endorse a deal he deemed unethical, leveraging his charisma and connections to build a reputation as a principled powerbroker.
Timeline
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Draft27 May 2016
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Vote Open27 May 2016
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Vote Closed26 July 2016
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Did Not Become Law26 July 2016
Vote tally
Live tally across each chamber. Weighted by seats held.
Senate
FailedFor: 59 / 348 seats (17.0%)
Against: 160 · Abstained: 59 · Not voted: 70
| Party | Seats | Vote | Reason |
|---|---|---|---|
| ALAYON | 59 | Abstain | No reason given |
| Green-left Movement | 7 | No | No reason given |
| Horizon Proposer | 55 | Yes | No reason given |
| Red Front Of Charlemont | 52 | No | No reason given |
| Social Democrats | 101 | No | No reason given |
| The Progressive Lodge | 4 | Yes | No reason given |
| Empty seats | 14 | Not voted |
National Assembly
FailedFor: 165 / 577 seats (28.6%)
Against: 200 · Abstained: 67 · Not voted: 145
| Party | Seats | Vote | Reason |
|---|---|---|---|
| ALAYON | 67 | Abstain | No reason given |
| Green-left Movement | 0 | No | No reason given |
| Horizon Proposer | 156 | Yes | No reason given |
| Red Front Of Charlemont | 94 | No | No reason given |
| Social Democrats | 106 | No | No reason given |
| The Progressive Lodge | 9 | Yes | No reason given |
| Empty seats | 17 | Not voted |
Presidency
PassedFor: 1 / 1 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Horizon Proposer | 1 | Yes | No reason given |