“Liberty liberty liberty !”
Financial Stability And Land Ownership Act of 2024
Rationale
Modernizes financial oversight to prevent crises and protects housing affordability by restricting foreign residential ownership.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Capital controls, separated retail/investment banking
|
Strong prudential oversight
|
|
| 2 | Foreign Land Ownership |
Foreign purchases require government approval
|
Foreign ownership limited to commercial property only; residential banned
|
1
Banking & Financial Regulation2
Foreign Land OwnershipProposer
Party
Costavela Democratic Union
A democratic centre-left party committed to education, workers’ rights, strong public services, individual freedoms, secular government, and a safe, prosperous Costavela.
Core pillars
Tomás Méndez
Activist · Age 45
A fourth-generation political insider with deep pockets and unshakable ideals, Tomás Méndez has spent decades quietly building coalitions while funding the party’s most ambitious reform projects from his own fortune.
Timeline
-
Draft16 April 2024
-
Vote Open16 April 2024
-
Vote Closed15 June 2024
-
Did Not Become Law15 June 2024
Vote tally
Live tally across each chamber. Weighted by seats held.
Senado
FailedFor: 21 / 266 seats (7.9%)
Against: 120 · Abstained: 45 · Not voted: 80
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Alliance | 99 | No | We do not approve this proposal which goes against free market and freedom to invest in our country. |
| Costavela Democratic Union Proposer | 21 | Yes | No reason given |
| Revolutionary Socialist Union | 45 | Abstain | No reason given |
| Youth Of Costa | 21 | No | Liberty liberty liberty ! |
| Empty seats | 54 | Not voted |
Congress of Deputies
FailedFor: 37 / 350 seats (10.6%)
Against: 158 · Abstained: 49 · Not voted: 106
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Alliance | 105 | No | We do not approve this proposal which goes against free market and freedom to invest in our country. |
| Costavela Democratic Union Proposer | 37 | Yes | No reason given |
| Revolutionary Socialist Union | 49 | Abstain | No reason given |
| Youth Of Costa | 53 | No | Liberty liberty liberty ! |
| Empty seats | 80 | Not voted |
Voting record
Every vote must state a public reason. Most recent first.
“We do not approve this proposal which goes against free market and freedom to invest in our country.”
“"We do not approve this proposal which goes against free market and freedom to invest in our country.””
“We do not approve this proposal which goes against free market and freedom to invest in our country.”