Legislative Bill · Northsea
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Northsea National Assets and Home Ownership Act of 2024

Proposed by Northsea National Union · fronted by Genevieve Chapman
Passing
in the National Assembly
Opened
23 Oct 2024
Voting closes
22 Dec 2024
Chambers
1 legislature
Articles
2 changes

Rationale

This Act protects Northsea homes and strategic assets from excessive foreign control while preserving commercial investment. Our housing, infrastructure and vital industries must ultimately remain accountable to Northsea’s national interest.

Proposed Changes

1

Foreign Investment & Takeovers
Previous law
Screening of sensitive sectors on national-security grounds
Government veto over foreign takeovers of strategic firms

2

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

Timeline

  • Draft
    23 October 2024


  • Vote Open
    23 October 2024


  • Vote Closes
    22 December 2024


  • Became Law
    Not completed yet
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Vote tally

Currently passing

Live tally across each chamber. Weighted by seats held.

National Assembly

Passing
18Yes 0No 66Abstained 16Not voted 100 seats

For: 18 / 100 seats (18.0%)

Against: 0 · Abstained: 66 · Not voted: 16

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Democratic Socialist Of The Northsea 16 Not voted
Liberal Center 31 Abstain
New Horizon 0 Abstain
Northsea National Union Proposer 18 Yes
Progressive Alliance For Flora And Fauna 0 Abstain
The Northsea Rally 35 Abstain

Voting record

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

“I abstain because this law combines two different measures. I support allowing the government to block foreign takeovers of strategic companies when there is a clear national security risk. At the same time, I oppose a blanket ban on foreign residential ownership. Foreigners who legally live in Northsea should be able to buy a home under reasonable conditions. Targeted restrictions on large-scale property purchases are, however, justified.”

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