Thank you, Mr. Chairman.
This amendment mandates a comprehensive review of the NCR regime by a parliamentary committee within five years of Bill C-54 coming into force, and the committee would submit a report to Parliament within a year of the review. In other words, Mr. Chairman, Bill C-54 makes significant changes to the NCR regime and concerns have been raised by experts about the possibility that these changes may have unintended consequences—even some of those in favour of the legislation made reference to this. As such, it would be incumbent upon Parliament to consider the impact of this legislation in the medium and the long term so as to understand whether it had the desired result, or whether refinements are necessary.
I hope we can have a consensus around this table to have a review conducted and the reports prepared on this point to ensure that the legislation is operating as envisaged by the government and the proponents of this legislation.