Mr. Chair, the private sector has already raised some serious concerns about these sections, which give, again, broad powers to the minister to determine that a transaction is de facto taking control of a company by a state-owned enterprise.
We've heard business say that it introduces more confusion and in fact less clarity for investors. What is really needed is a public and accountable process, but the Conservatives seem to be moving more power and more control into the backrooms instead. It's leaving investors with uncertainty and it leaves Canadians in the dark.
What our amendment, NDP-13, would do is require the minister to report to Parliament when it has been determined that a transaction is de facto taking control of a company by a foreign state-owned enterprise. We think that would shine more light on the process and would create more certainty and predictability for business.