Legislative Bill · Northsea
Failed

Northsea Strategic Investment Protection Act of 2024

Proposed by Northsea National Union · fronted by Genevieve Chapman
Failing
in the National Assembly
Opened
30 Jun 2024
Voting closes
29 Aug 2024
Chambers
1 legislature
Articles
1 change

Rationale

Northsea welcomes foreign investment, but strategic companies and critical national assets must remain protected from takeovers that could threaten national security or economic sovereignty

Proposed Changes

1

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

Timeline

  • Draft
    30 June 2024


  • Vote Open
    30 June 2024


  • Vote Closed
    29 August 2024


  • Did Not Become Law
    29 August 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

National Assembly

Failed
18Yes 47No 35Abstained 0Not voted 100 seats

For: 18 / 100 seats (18.0%)

Against: 47 · Abstained: 35 · Not voted: 0

50.1% of those voting must vote in favour (actual = 27.7%)
Party Seats Vote
Democratic Socialist Of The Northsea 16 No
Liberal Center 31 No
Northsea National Union Proposer 18 Yes
The Northsea Rally 35 Abstain

Voting record

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

Liberal Center
Voted July 1, 2024
No

“Foreign investments are not a bad thing. We must attract them, not repel them”

The Northsea Rally
Voted June 30, 2024
Abstain

“Since we're welcoming tech giants, i think we should have policies that are more welcoming and llexible.”

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