Madam Speaker, in a now notorious case, Chinese insurance agent Anbang took over B.C.-based Retirement Concepts, which was a Canadian-owned company that operated senior living facilities. At that time, Anbang was a privately owned corporation. This takeover was approved under the current rules, and almost immediately, we saw problems in seniors homes in British Columbia, including declining quality standards, seniors' needs not being taken care of and a general decline in the care of our seniors.
It seems the current laws did not work in that case, and I am wondering if my hon. colleague has any suggestions on how we could strengthen Canadian laws to make sure that this kind of situation does not happen again, particularly when it has such devastating impacts on people as vulnerable as Canada's seniors.