Thank you, Mr. Chair.
Thank you to the witnesses.
Maybe I'll start off with just a couple of observations. We heard again the observation on the value of parliamentary oversight. I note that our caucus supported at the beginning of this Parliament a motion to have a subcommittee of this committee look at issues around arms control, through a parliamentary process of course.
We had, I think, some recognition of the fact that we already have a strong oversight system in place, one that involves political discretion but that is a very strong system structurally. There was also the observation on the value of having good information in advance for civil society as well as for the arms manufacturing industry so there's some certainty moving into that process.
My questions will be generally for Ms. Cianfarani.
First of all, I would like to ask you about the impact this bill will have on subsidiaries. For instance, if we're looking at major American companies that have subsidiaries here in Canada, are there particular effects on them resulting from this bill that we should be aware of?