There are currently national security reviews in place, for example, under the Bank Act or the Investment Canada Act. The problem that had been identified is that there are gaps in some cases. For example, certain investments might not be subject to one act or the other. In a few specific cases, the investment could be subject to two separate reviews.
The amendments to the bill therefore aim to provide greater clarity. We want to be very clear regarding an investment subject to review, either under the Investment Canada Act or under the Bank Act. It can't be subject to both acts. It must be subject to one or the other.