I agree. They have a different cost of capital, which is very important.
With regard to the industry list, the U.S., as you've said, is a very dynamic and open market for attracting foreign capital. It's not just about the foreign direct investment rules. It's also because of the size of the market. It has an industrial list that says that it's identified certain segments, like telecommunications, as strategic. Now, that doesn't mean that it's regulated. It means it has to go through a review. It's not saying that you can't do it, just that it has to go through a review.
This bill does not give the minister the authority to do that. I believe it should give the minister the authority to create a regulatory list of industries that the government thinks are strategic and that should go to a review if they're bought—biotech may be one, that kind of thing.
I'd like your comments on that.