Mr. Speaker, the foreign investment protection act is another piece of legislation that just went through. The foreign investment protection act means if we change legislation regulations in Canada and it does not fit what the foreign investors had expected from our country, then they have the right to complain, to take action.
All of a sudden now we are in a position where regulations that are decided somewhere else by someone else other than this Parliament can make that a probability, perhaps a reality. Those are things we have to think about with this.
We are changing the way we are doing business. Is the way we are changing doing business the way we want to do that? I would say right now that, to me, amendments to the bill are needed.
I understand why people want to have the bill, the necessity to do the things that make sense with the bill. It is good to have regulations that can recognize inflation and the changing nature of our society, that can do those things that make sense. I do not have a problem with that. I am in favour of that, but I am not in favour of impeding our sovereignty in any way through changing the way we make regulations. That is clear. I do not have to think twice about that.
When we talk about Bill S-8, about the safety of drinking water on our first nations reserves, we are talking about a law that enables regulations, and those regulations will probably be made in provinces. Those provinces will change those regulations for safe drinking water as time goes on. That is the reality of the situation.
We have a fiduciary responsibility to first nations in the government. We need to ensure that any changes that are made to regulations are run by the first nations to whom we will apply this law. Therefore, we need to have the opportunity to look at changes, to consult with our first nations about changes that are made by provinces if we adopt their regulations to govern safe drinking water on first nations reserves. There is another instance of why we need to look at this legislation.