Pursuant to Standing Order 45, the division stands deferred until Monday, November 20, at the expiry of the time provided for Oral Questions.
The hon. member for North Okanagan—Shuswap.
François-Philippe Champagne Liberal
This bill has received Royal Assent and is, or will soon become, law.
This is from the published bill. The Library of Parliament has also written a full legislative summary of the bill.
This enactment amends the Investment Canada Act to, among other things,
(a) require notice of certain investments to be given prior to their implementation;
(b) authorize the Minister of Industry, after consultation with the Minister of Public Safety and Emergency Preparedness, to impose interim conditions in respect of investments in order to prevent injury to national security that could arise during the review;
(c) require, in certain cases, the Minister of Industry to make an order for the further review of investments under Part IV.1;
(d) allow written undertakings to be submitted to the Minister of Industry to address risks of injury to national security and allow that Minister, with the concurrence of the Minister of Public Safety and Emergency Preparedness, to complete consideration of an investment because of the undertakings;
(e) introduce rules for the protection of information in the course of judicial review proceedings in relation to decisions and orders under Part IV.1;
(f) authorize the Minister of Industry to disclose information that is otherwise privileged under the Act to foreign states for the purposes of foreign investment reviews;
(g) establish a penalty not exceeding the greater of $500,000 and any prescribed amount, for failure to give notice of, or file applications with respect to, certain investments; and
(h) increase the penalty for other contraventions of the Act or the regulations to the greater of $25,000 and any prescribed amount for each day of the contravention.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.
National Security Review of Investments Modernization ActGovernment Orders
November 9th, 2023 / 4:35 p.m.
The Deputy Speaker Chris d'Entremont
Pursuant to Standing Order 45, the division stands deferred until Monday, November 20, at the expiry of the time provided for Oral Questions.
The hon. member for North Okanagan—Shuswap.
National Security Review of Investments Modernization ActGovernment Orders
November 9th, 2023 / 4:35 p.m.
Conservative
Mel Arnold Conservative North Okanagan—Shuswap, BC
Mr. Speaker, if you seek it, I believe you will find unanimous consent to see the clock at 5:30 p.m. so we can begin Private Members' Business.
National Security Review of Investments Modernization ActGovernment Orders
November 9th, 2023 / 4:35 p.m.
National Security Review of Investments Modernization ActGovernment Orders
November 9th, 2023 / 4:35 p.m.
Some hon. members
Agreed.
The House resumed from November 9 consideration of the motion that Bill C‑34, An Act to amend the Investment Canada Act, be read the third time and passed.
National Security Review of Investments Modernization ActGovernment Orders
November 20th, 2023 / 3:20 p.m.
The Speaker Greg Fergus
It being 3:25 p.m., the House will now proceed to the taking of the deferred recorded division on the motion at third reading stage of Bill C‑34.
Call in the members.
(The House divided on the motion, which was agreed to on the following division:)
National Security Review of Investments Modernization ActGovernment Orders
November 20th, 2023 / 3:35 p.m.