moved for leave to introduce Bill C-436, An Act respecting ownership of uranium mines in Canada.
Mr. Speaker, the purpose of this legislation is to give the uranium industry the same ability to receive foreign investment as is commonly noted in other mining and natural resource sectors.
While it is not known by many members of the House, there are specific restrictions on foreign investment in uranium mines dating from the same principles and behaviour of the national energy program in the same era and philosophy.
It should also be noted that this bill also puts in national security provisions noting that uranium is a natural resource that has certain applications that are not always peaceful.
Finally, I would like to note the principles of this legislation have been widely supported by different political parties in Saskatchewan.
(Motions deemed adopted, bill read the first time and printed)