INDU Committee Meeting
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Minutes of Proceedings
Conservative
Bloc Québécois
NDP
The witnesses answered questions.
The committee commenced its clause-by-clause study of the Bill.
Consideration of Clause 1 (alternative title) was postponed.
The Chair called New Clause 1.1.
On new Clause 1.1,
Rick Perkins moved, — That Bill C-34 be amended by adding before line 6 on page 1 the following new clause:“1.1 The definition state-owned enterprise in section 3 of the Investment Canada Act is amended by striking out “or” at the end of paragraph (b) and by adding the following after that paragraph:
(b.1) an entity that has its headquarters in a foreign state in which basic democratic rights and freedoms are not recognized; or”
After debate, the question was put on the amendment of Rick Perkins and it was negatived on the following recorded division:
YEAS: Ed Fast, Brian Masse, Rick Perkins, Brad Vis — 4;
NAYS: Jenica Atwin, Andy Fillmore, Bernard Généreux, Majid Jowhari, Viviane Lapointe, Sébastien Lemire, Tony Van Bynen — 7.
Clause 2 carried.
Clause 3 carried.
Clause 4 carried.
Clause 5 carried.
Clause 6 carried.
On Clause 7,
Andy Fillmore moved, — That Bill C-34, in Clause 7, be amended by replacing lines 16 to 18 on page 4 with the following:“15 An investment referred to in paragraph 11(1)(a) or (b) that is subject to notification under Part III and that would not otherwise be reviewable under this Part is re-”
After debate, the question was put on the amendment of Andy Fillmore and it was agreed to.
“(2) Section 15 of the Act is renumbered as subsection 15(1) and is amended by adding the following:
(2) Despite the limits set out in subsections 14(3), 14.1(1) and (1.1) and 14.11(1) and (2), an investment is reviewable under this Part if
(a) the non-Canadian making the investment is a state-owned enterprise or is controlled by a state-owned enterprise;
(b) the Governor in Council, on the recommendation of the Minister, is of the opinion that a review of the investment is in the public interest; and
(c) the Governor in Council issues an order for the review within 21 days after the day on which the non-Canadian gives notice of the investment to the Director.”
Debate arose thereon.
At 8:31 p.m., the committee adjourned to the call of the Chair.