Foreign Ownership In Commercial Property Only Act of 2012
Rationale
Limiting foreign land ownership to commercial property protects affordable housing for residents and prevents speculative bubbles that drive up residential prices.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Foreign Land Ownership |
No restrictions on foreign land purchases
|
Foreign ownership limited to commercial property only; residential banned
|
1
Foreign Land OwnershipProposer
Party
Solidarity
Solidarity forges a future where duty defines strength and justice secures prosperity for all.
Core pillars
Douglas Fitzgerald
Activist · Age 58
A no-nonsense labor advocate with an unshakable moral compass, Douglas Fitzgerald climbed from the factory floor to the political frontlines, known for his unwavering loyalty and refusal to bend on principle.
Timeline
-
Draft29 November 2012
-
Vote Open29 November 2012
-
Vote Closed28 January 2013
-
Did Not Become Law28 January 2013
Vote tally
Live tally across each chamber. Weighted by seats held.
Senate
FailedFor: 12 / 100 seats (12.0%)
Against: 77 · Abstained: 0 · Not voted: 11
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Liberal Modernist | 77 | No | No reason given |
| Solidarity Proposer | 12 | Yes | No reason given |
| Ultra Industrialist Front | 0 | Yes | No reason given |
| Empty seats | 26 | Not voted |
House of Representatives
FailedFor: 52 / 435 seats (12.0%)
Against: 321 · Abstained: 0 · Not voted: 62
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Liberal Modernist | 321 | No | No reason given |
| Solidarity Proposer | 52 | Yes | No reason given |
| Ultra Industrialist Front | 0 | Yes | No reason given |
| Empty seats | 103 | Not voted |
Presidency
PassedFor: 0 / 1 seats (0.0%)
Against: 0 · Abstained: 0 · Not voted: 1