This is more like a point of interest.
The committee members will remember that in the 43rd Parliament, in March 2021, this committee issued a report, “The Investment Canada Act: Responding to the COVID-19 Pandemic and Facilitating Canada's Recovery”.
I think this was unanimous, but I wasn't part of the committee then. On page 43, it says:
Since 2009 and as of 2018−2019, 15 of all 22 national security reviews ordered by the Governor in Council targeted investments by investors whose ultimate controller(s) originated from China. Of these 15 investments that underwent a national security review, nine were either blocked, divested, or withdrawn....
Actually, going into a more detailed review led to recommendation 8, which states:
That the Government of Canada...introduce legislation amending the Investment Canada Act to allow for the review of and ability to prevent the subsequent takeover by a state-owned enterprise of a previously ICA approved acquisition of a Canadian firm or assets by a foreign privately owned corporation.
This amendment is meant to try to deal with some of that recommendation this committee put forward in the act. I would urge all members—hopefully—to.... Some members here, I think, may have participated in the production of that report. I know Mr. Masse did, but he's not here today.
That was the intent behind this motion: to try to implement that provision of the report.