Mr. Speaker, it is going to force the government to do what it needed to do and had not done before by lowering the threshold from $512 million to zero with respect to investments from foreign-controlled enterprises. This is a government that announced a policy. The minister announced a policy in 2020. What good is a policy if the policy is not followed? That policy had no teeth and the minister was not sincere about seeing it through, so this bill is an improvement.
I will say that there were other amendments that Conservatives supported but these Liberals opposed, that would have gone a long way to strengthen the bill, including the fact that Beijing acquires companies and investments, sometimes through third party entities. We have supported an amendment that would have allowed for a proper review where those assets were then sold to a Beijing or other foreign state-controlled enterprise. The Liberals voted against it.