Mr. Speaker, yes, I mentioned only one flaw in this legislation because we were pressed for time, but this is definitely another one.
The Canada Investment Act has not been reviewed in a long time. Its predecessor, the Foreign Investment Review Act, was with us for many years. It was drafted at a time when we were concerned about international corporations taking over our energy sector. Today, the world is different. Unfortunately, Bill C-34 does not pick up on all of these things.
I am confident that the industry committee will look at this thoroughly in its line-by-line review and the bill will come back in a much better shape than it is today.