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View Brian Masse Profile
NDP (ON)
View Brian Masse Profile
2020-06-15 12:18
Thank you, Madam Chair.
Part of the challenge we have right now is the fact that the Investment Canada Act was changed in 2013 under the Harper administration, through a budget bill. What that meant was that there were no committee undertakings with regard to this as a specific file. In fact, in the subsequent Parliament, I had a motion to do just that, which didn't come to fruition either.
What that means is that we've never had a robust discussion, nor an opportunity to discuss the intricacies and also the changes necessary for updating. In fact, we saw the threshold go up, in 2017, to $1 billion. All this was done with zero public input with regard to an actual bill and zero consultation open in a democracy.
Mr. Balsillie, do you think there would be an interest from stakeholders in various sectors to actually now participate in a more wholesome review of the legislation, given the fact that even when we talk about the review that was done in 2013, prior to that it was decades before there was anything meaningful done on this bill?
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