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Spanish Senate Vetoes Justice Reform Bill That Would End Golden Visa Program · IMI Podcasts

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  SPEAKER_00: Spain's Senate vetoed the Judicial Efficiency Bill on December 2nd, marking a temporary setback for the government's plans to terminate the country's golden visa program.
• 0:09
  SPEAKER_00: The Popular Party, holding a majority in the Senate, pushed through the veto against the legislation that Congress approved on November 14th.
• 0:16
  SPEAKER_00: The Spanish Socialist Workers' Party, also known as PSOE, which added the Golden Visa termination measures to the bill, had made strides following Prime Minister Pedro Sanchez's April 2024 announcement to end the program.
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  SPEAKER_00: While the Senate's opposition delays the process, it cannot permanently block the legislation.
• 0:35
  SPEAKER_00: Congress, where the PSOE and its coalition partners hold a majority, retains the power to override the veto.
• 0:42
  SPEAKER_00: According to Dr.
• 0:43
  SPEAKER_00: Jacinto Soler Matuts, senior partner at Emergia Partners, quote, Congress has the power to lift the Senate's veto, so the draft law will remain untouched, end quote.
• 0:54
  SPEAKER_00: Congress can ratify the law in one of its remaining plenary sessions scheduled for December 10th to 12th or 17th to 19th.
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  SPEAKER_00: The legislative timeline points to rapid implementation after a Congress override.
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  SPEAKER_00: Quote, despite the Christmas holidays, we may still count on a speedy publication in the official Gazette in the first days of January, probably around January 8th, 10 end quote.
• 1:17
  SPEAKER_00: Solar Mattoots explains.
• 1:26
  SPEAKER_00: Those who file requests before the law's publication in the official state bulletin will receive authorization under current regulations.
• 1:34
  SPEAKER_00: The program's termination may arrive sooner than expected.
• 1:37
  SPEAKER_00: Quote, we must count on the Spanish Golden Visa finally phasing out around April 1st, end quote, solar Matutes projects, noting this arrives ahead of the timeline initially estimated.
• 1:50
  SPEAKER_00: This episode first appeared as an article by Ahmad Abbas on IMEDaily.com.
• 1:55
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