Ryan Williams at the Industry, Science and Technology Committee

On May 29th, 2023. See this statement in context.

May 29th, 2023 / 5:20 p.m.

Conservative

Ryan Williams Conservative Bay of Quinte, ON

Thank you, Mr. Chair.

Ms. Black, we're talking about CFIUS versus the investment review division. The investment review division in Canada exists under ISED. Under ISED, those reviews are handled by one agency. In the U.S., those are handled by multiple agencies. CFIUS is in the treasury department, but then it goes across all agencies. It works with the Department of Defense and others.

Can you please comment on that difference and whether you would recommend changes to the investment review division in Canada? Should it be multi-agency?

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