Mr. Speaker, there are a number of things in this bill that would help Canadians. Members should think about that. We are going to reduce the net benefit threshold review, which is something a lot of members in this House have been asking for. We are going to expand the jurisdiction of the ICA to include asset sales. At this time, we need these kinds of provisions. We are going to have stronger penalties. We are going to have more tools. Imagine, for example, being able to accept undertakings or prevent a transaction from going forward as the government is studying it in the interests of Canadians. Think in the context of IP.
The last time this bill was amended, and members should hold on to their seats, was in 2009. That is the last time it was looked at. If we think about the lapse of time and how the world has changed, obviously we need to act.
This House has had a lot of time to look at this. We introduced the bill on December 7, 2022, so members can imagine that Canadians at home are anxious to see every member of this House acting quickly in order to protect their best interests.