I agree with Mr. Krane's comments. I would add that for this particular legislation, one thing that stands out is the mandatory pre-closing filing obligation. While I think it's important that the process still focuses on national security elements, one thing that will likely evolve out of it is a greater level of discussion between foreign investors and government officials in a wide range of areas. This is because what happens in practice when the government encourages that early dialogue is that foreign investors, who are very sophisticated and deal with governments all over the world, like to develop the kinds of relationships that encourage that kind of dialogue going forward.
That is one added benefit of the mandatory pre-closing filing obligation. It's also important that it be done properly and with some of the cautions that my colleagues have advised about making sure that we don't have a chilling effect and making sure that there is certainty, predictability and clarity in terms of how that process will unfold.
I think what we'll see, generally speaking, is a greater level of dialogue between foreign investors and government officials generally at the federal level and, quite frankly, at the provincial and community level as well.