Legislative Bill · Costavela
Passed

Foreign Property Ownership Restrictions Act of 2021

Proposed by Middle Alliance · fronted by Rafael Cruz
Passing
in all 2 chambers
Opened
20 Apr 2021
Voting closes
19 Jun 2021
Chambers
2 legislatures
Articles
1 change

Rationale

Limits foreign speculation in residential markets to protect local housing affordability and prioritize citizen access to homes.

Proposed Changes

1

Foreign Land Ownership
Previous law
Foreign purchases require government approval
Foreign ownership limited to commercial property only; residential banned

Timeline

  • Draft
    7 March 2021


  • Vote Open
    20 April 2021


  • Vote Closed
    19 June 2021


  • Became Law
    19 June 2021

Vote tally

Live tally across each chamber. Weighted by seats held.

Senado

Passed
38Yes 0No 45Abstained 183Not voted 266 seats

For: 38 / 266 seats (14.3%)

Against: 0 · Abstained: 45 · Not voted: 183

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Liberal Union 0 Abstain
Middle Alliance Proposer 38 Yes
Revolutionary Socialist Union 45 Abstain
Empty seats 54 Not voted

Congress of Deputies

Passed
38Yes 0No 49Abstained 263Not voted 350 seats

For: 38 / 350 seats (10.9%)

Against: 0 · Abstained: 49 · Not voted: 263

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Liberal Union 0 Abstain
Middle Alliance Proposer 38 Yes
Revolutionary Socialist Union 49 Abstain
Empty seats 80 Not voted

Voting record

Every vote must state a public reason. Most recent first.

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