Thank you, Mr. Chair.
This is reference number 12457710. This is an amendment that Bill C-34, in clause 9, be amended by adding after line 26 on page 6 the following:
(7) Section 21 of the Act is amended by adding the following after subsection (8):
(8.1) The Minister shall provide reasons for any decision made under subsection 21(1), 22(2) or 23(3) explaining the factors taken into account by the Minister to conclude that he or she is satisfied or is not satisfied that the investment is likely to be of net benefit to Canada, and shall publish in the Canada Gazette any order imposing terms and conditions on the investment implemented or proposed by a non-Canadian.
This amendment, we think, goes to what our point is—transparency—and brings a bit more transparency. We heard from multiple witnesses that they would like to see more transparency in government. We certainly heard from witnesses from CFIUS, in the U.S., where they include a bit more transparency. They even have a public portion to that committee. This was our attempt to add that to this bill, Mr. Chair.