Thank you, Mr. Chair.
Amendment NDP-17 proposes that Bill C-10, in clause 447, be amended
(a) by deleting lines 13 to 17 on page 422. Lines 13 to 17 read as follows:
447.(1) The portion of subsection 10(1) of the Act before paragraph (a) is replaced by the following: 10.(1) This Act, other than Part IV.1, does not apply in respect of (2) Subparagraphs 10(1)(j)(ii) and (iii) of the French version of the Act are replaced by the following: (ii) soit par l’unité qui est une entité étrangère à laquelle le surintendant des institutions financières a délivré un agrément l’autorisant à garantir au Canada des risques aux termes de la partie XIII [...]
The amendment also proposes deleting line 9 on page 423 to line 6 on page 425.
Here we have a series of amendments, related to the Investment Canada Act, which seek, in our opinion, to ensure that we continue to maintain a certain amount of protection for Canadian companies that would be lost if we dropped the ball and adopted this amendment proposed by the Conservatives and supported by the Liberals.