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Bill: Foreign Investment Act
Details
Submitted by[?]: Solidarität
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: October 3621
Description[?]:
| Herr Präsident, It is vital to our long-term prosperity and the preservation of our cultural values that the bulk of the Crownlander economy should remain in Crownlander hands. Foreign investment should be welcome when it is in our interests, but politely rejected when it is not. The market exists for the people, not the people for the market. Max Siegel Chairman of Solidarity Leader of the Opposition |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors need to obtain government approval for all investments in national companies.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Debate
These messages have been posted to debate on this bill:
| Date | 11:23:29, February 12, 2014 CET | From |  Liberale Volkspartei | To | Debating the Foreign Investment Act |
| Message | Herr Präsident, every business is inherently profit-driven, regardless if it is run by Crownlanders or not. This cheap smear campaign against foreign capitalists is economically wholly misguided. As long as their activity contributes to domestic prosperity, which monetary investment almost always does, entrepreneurs from abroad should be welcomed to the Crownlands, and not be hindered in closing deals with our own businesspeople. Sepp Holzinger, MdR LVP-Mitrania Wirtschaftsminister |
| Date | 14:12:05, February 12, 2014 CET | From | Solidarität | To | Debating the Foreign Investment Act |
| Message | Herr Präsident, I will warn the members of this house that unless we take action soon, within 10 years we could find ourselves in a situation where most of our economy is owned not by native Crownlanders, but by faceless multinational conglomerates. That is not the vision we have for our country. Max Siegel MdR Chairman of Solidarity Leader of the Opposition |
| Date | 14:51:53, February 12, 2014 CET | From | Liberale Volkspartei | To | Debating the Foreign Investment Act |
| Message | Herr Präsident, the current law has been in place for more than ten years already, and has contributed to a major economic boom alongside our broader deregulation policies. Crownlanders are responsible enough not to sell off their companies to foreign investors if it's not economically beneficial. There is no reason to indulge in scaremongering. Sepp Holzinger, MdR LVP-Mitrania Wirtschaftsminister |
| Date | 01:32:24, February 13, 2014 CET | From | Solidarität | To | Debating the Foreign Investment Act |
| Message | Herr Präsident, If Herr Holzinger really thinks corporate plutocrats makes decisions about whether to keep or sell their investments on the basis of the national interests rather than on thier personal short-term interests, then he is naive in the extreme. The Crownlands economy must remain in the hands of Crownlanders. Otherwise all of the profits our companies make will end up transferred abroad to equip the economies of our competitors. Max Siegel MdR Chairman of Solidarity Leader of the Opposition |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 147 | |||
| no | Total Seats: 496 | |||
| abstain | Total Seats: 0 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "Political power grows out of the barrel of a gun... our principle is to have the Party control the gun and never allow the gun to control the Party." - Mao Zedong |