Foreign Commercial Property Ownership Act of 2013
Rationale
Limiting foreign land ownership to commercial property protects housing affordability and national sovereignty while attracting productive investment.
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
Unity And Prosperity
The Unity and Prosperty (UP) seeks to build San Cordova as a truly liberal and democratic state, where the future is secured for all.
Core pillars
Francisco Medina
Activist · Age 57
A former sports commentator turned political commentator, Francisco Medina leveraged his sharp analytical mind and media savvy to build a national following, now seen as the party's rising star with unmatched ambition.
Timeline
-
Draft14 February 2013
-
Vote Open14 February 2013
-
Vote Closed15 April 2013
-
Became Law15 April 2013
Vote tally
Live tally across each chamber. Weighted by seats held.
Congress of Deputies
PassedFor: 86 / 350 seats (24.6%)
Against: 47 · Abstained: 0 · Not voted: 217
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Alliance | 47 | No | No reason given |
| Unity And Prosperity Proposer | 86 | Yes | No reason given |
| Empty seats | 38 | Not voted |
Senado
PassedFor: 63 / 266 seats (23.7%)
Against: 27 · Abstained: 0 · Not voted: 176
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Alliance | 27 | No | No reason given |
| Unity And Prosperity Proposer | 63 | Yes | No reason given |
| Empty seats | 29 | Not voted |