Madam Speaker, I thank my colleague for the question.
We cannot say that we have to make sure that the legislation and regulations apply to web giants if we do not allow this legislation and these regulations to apply to them. Paragraph 3(1)(a) is precisely what will allow us to ensure that Canadian laws and Canadian regulations apply to web giants.
Paragraph 3(1)(a) is not what ensures that Canadian companies have to be owned by Canadians. That was a CRTC decision in 1997. We are not changing anything with respect to ownership of Canadian companies.
What is more, Canadian companies in the field of broadcasting will still have to obtain licences from the CRTC. Beyond the current bill, there are other safeguards against foreign acquisition of Canadian companies that my colleague, the Minister of Innovation, Science and Industry, and I have to consider. There are other safeguards for that.
This paragraph allows us to apply our laws and regulations to web giants. How else could we do this?