Mr. Speaker, at the beginning, the member was talking about consultations and the bill being split up and going to different committees to be reviewed.
At the industry committee, we had the changes to the Investment Canada Act. We had a little over a whopping three hours of consideration of the Investment Canada Act. There are critical changes in this act with the threshold for foreign takeovers going from $330 million to $1 billion. We heard from industry officials that this will lead to a reduction of 50% of reviews of foreign takeovers. We also had representatives from the Canadian Council of Chief Executives come to committee and say that the Investment Canada Act should be changed and modified rarely and with great consideration.
I wanted to ask the parliamentary secretary if she thinks a grand total of three hours constitutes careful consideration of these huge changes, and that “rarely” would mean three consecutive budgets?