Briefly, Mr. Chair, as we understand it, this subamendment would do a couple of important things. One, as noted, it would amend the time frame in which the review would take place. It changes it to 45 days as noted. We need to issue the notice to the investor. We need to consult provinces and territories, and then actually conduct the review of the relative net benefit of the investment, so 45 days is reasonable. Twenty-one days, in our view, is too short.
The second portion is reducing the overall scope of state-owned enterprises that would be subject automatically to a net benefit review, regardless of threshold, by removing those that constitute a “trade agreement investor”, which is a defined term in the act that also relates to the threshold that's set.