According to the president, the practice of attracting investments by granting temporary residence permits (TRP) in exchange for investments in real estate and other assets, which has been in place since 2010, has exhausted itself, and therefore the country needs a new policy and a new mechanism for attracting investments. Rinkēvičs reported that Prime Minister Andris Kulbergs informed him about the progress on the law after the president asked the Saeima to reconsider the law. According to the head of state, the Prime Minister's bureau and the responsible ministries are currently working to take into account the president's request to assess the proportionality of the proposed norms and to maintain a balance of various interests. As the president stated, on Thursday, July 23, the Saeima will determine the timelines and procedures for the reconsideration of the law. Rinkēvičs believes that a balanced solution can be found that takes into account the interests of the economy, investors, and national security. He added that the president's advisors and other officials will continue to participate in the work of parliamentary committees and expressed confidence that a compromise solution will be found. Kulbergs, for his part, stated that the government's action plan has enough ideas for reallocating budget funds, but lacks proposals for increasing state revenues. In his opinion, there is currently a risk of "swinging from one extreme to another." The Prime Minister urged to choose "a modern path that other European countries are also using." He noted that there are well-studied mechanisms for attracting foreign investments that allow the state to receive additional revenues annually. He also warned that refusing to attract such investments would have consequences: the necessary funds would have to be sought by cutting funding in other areas. Kulbergs emphasized that the adoption of the law is a political decision that needs to be completed during the current Saeima's term, so it is important to find a balance between the interests of the state and investors. As reported, on June 11, the Saeima adopted the immigration law, and on June 18, it approved amendments prohibiting citizens of Russia and Belarus from obtaining TRP through investments in managing alternative investment funds. On June 19, the president returned the law for reconsideration to the Saeima. In a letter to the Speaker of Parliament, Daiga Mierina, he noted that 158 proposals had been submitted for the second reading. Rinkēvičs pointed out that among them were both technical amendments and proposals introducing fundamentally new legal regulations, including those concerning the right of foreigners to obtain TRP when making investments in the Latvian economy as provided by law. According to the president, several aspects require further assessment by the parliament. Moreover, as Rinkēvičs noted, the priority of national security interests is confirmed by the fact that the legislator himself began to make changes to the law that has not yet come into force, as the original version did not provide for direct restrictions on citizens of Russia and Belarus regarding obtaining TRP. The president emphasized that the legislator must ensure the completeness and adequacy of legal regulation so that there is no need to transfer additional powers to the Cabinet of Ministers, such as verifying the origin of funds invested as investments or determining the purposes of their use.