Council of States committee rejects review of foreign investments
Published: Friday, Nov 15th 2024, 12:40
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Takeovers of Swiss companies by foreign investors should not be subject to stricter controls. The responsible Council of States committee no longer wants to know anything about an investment screening law and has requested that the bill not be approved.
In September, the National Council approved the introduction of an investment review by a clear majority. It went even further than initially planned. The audit should therefore also cover non-state investors.
The Economic Affairs Committee of the Council of States (WAK-S) takes a different view: it voted 8 to 4 in favor of not approving the bill, as reported by the parliamentary services on Friday. This was preceded by a hearing with numerous stakeholders and extensive discussions in the committee.
In the opinion of the majority of the WAK-S, the disadvantages of introducing an investment review outweigh the security and economic policy interests. A minority asked the Council of States to approve the bill.
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