Legislative Bill · Wëlstere
Passed

Economic Freedom Modernization Act of 2024

Proposed by Liberal Platform · fronted by Katrin Zimmermann
Passing
in the Federal Chamber
Opened
16 Aug 2024
Voting closes
15 Oct 2024
Chambers
1 legislature
Articles
5 changes

Rationale

Wëlstere's producers and businesses grow when markets, not permits, decide what gets built and sold. This Act lightens banking rules, opens foreign land and agricultural trade, moves state industry toward private ownership, and clears the way for new stores to open.

Proposed Changes

1

Foreign Land Ownership
Previous law
Foreign purchases require government approval
No restrictions on foreign land purchases

2

Banking & Financial Regulation
Previous law
Strong prudential oversight
Light-touch regulation

3

Public Ownership of Key Industries
Previous law
Private, with strong regulation
Privatise and lightly regulate

4

Agricultural Market Regime
Previous law
Mixed regime: tariffs on some staples, intervention only in a crisis
Open agricultural trade; intervention only in emergencies

5

Retail Planning & Licensing
Previous law
Planning permission required for large stores; otherwise open
Presumption in favour of new stores; no size limits

Timeline

  • Draft
    5 May 2024


  • Vote Open
    16 August 2024


  • Vote Closed
    15 October 2024


  • Became Law
    15 October 2024

Vote tally

Live tally across each chamber. Weighted by seats held.

Federal Chamber

Passed
31Yes 0No 29Not voted 60 seats

For: 31 / 60 seats (51.7%)

Against: 0 · Abstained: 0 · Not voted: 29

50.1% of those voting must vote in favour (actual = 100.0%)
Party Seats Vote
Liberal Platform Proposer 31 Yes
Wëlstere Démocratic Alliance 0 Yes
Empty seats 29 Not voted

President of the Republic

Passed
0Yes 0No 1Not voted 1 seat

For: 0 / 1 seats (0.0%)

Against: 0 · Abstained: 0 · Not voted: 1

Passes unless the office holder votes against (abstention counts as pass)

Voting record

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

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