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Bill: Investmentgesetz 3622
Details
Submitted by[?]: Nationales Bürgerforum (NBF)
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: December 3622
Description[?]:
| An Act to prohibit majority foreign ownership of certain classes of Hulstrian and Gao-Soton companies Herr Präsident, Hulstrian and Gao-Soton businesses must remain Hulstrian and Gao-Soton. As much as we believe that the market is a force for creating prosperity, we cannot accept the risk that the intentions of foreign shareholders in our companies may be far from benign. We must realise that there are situations when the government must fulfil its responsibility to safeguard the economic security of our nation, and this is one such occasion. Edith Strötzel MdR NBF Caucus Leader Addendum: 1) The prohibition on majority foreign ownership of Hulstrian and Gao-Soton companies shall apply only to publicly traded companies. 2) Companies subject to the present Act may apply to the Minister of Trade and Industry for an exemption from the provisions of the present Act if they are unable to, or have adequate reason to be unwilling to, raise funds from domestic sources, and their inability or unwillingness to do so may result in severe financial or other hardship for the company in question. |
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 | 11:55:25, February 14, 2014 CET | From |  Hosianisch-Demokratisches Verbund | To | Debating the Investmentgesetz 3622 |
| Message | Herr Präsident, There are sufficient protections in the realm of the market and the costs are too high to even consider the policy proposed by Frau Strötzel. Our companies protect themselves through preferential shares constructions and other defence mechanisms. They do not need the government to do it for them. In fact, our economy does not need the government to do it for them - au contraire, foreign investment allows our economy to keep growing, innovating and developing at the full potential that slumbers in it, and it would be unwise to restrict that. shr. ehrw. Liduine Peters, MdR (HDV - St. Anton und Budental) Finanzministerin |
| Date | 23:25:08, February 14, 2014 CET | From | Nationales Bürgerforum (NBF) | To | Debating the Investmentgesetz 3622 |
| Message | Herr Präsident, we recognise the value of foreign investment, but it is a matter of national economic security for this government to prevent excessive foreign influence in our economy. We do not feel that these measures are excessively onerous, and allowing private companies to be exempt and allowing public companies to apply for waivers with reasonable cause are sufficient to address any drawbacks a policy like this might otherwise result in. Edith Strötzel MdR NBF Caucus Leader |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 147 | |||
| no | Total Seats: 496 | |||
| abstain | Total Seats: 0 |
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