Industry committee  We are a group of approximately 11 people, and we work, as provided for under the act, in consultation with other federal departments and provincial departments as applicable, depending on the specifics of the given transaction. We also call on our colleagues from the Department of Justice.

Industry committee  As I've indicated before, there are only six factors under the act. Those are the factors that are considered part of the review process. That being said, on your point about non-compliance, to the extent—and I'm not talking case-specific—that an investor had a number of plans that were supplemented by undertakings and ultimately received approval to proceed with the transaction, and they then exhibit behaviour after a certain period of time while those undertakings are still valid such that they are non-compliant with one of those undertakings, sections 39 and 40 kick in.

Industry committee  Yes, that's right.

Industry committee  We do have that information. We would be happy to send it to you.

Industry committee  We have that information. The value of the investments is reviewed every year. So we can provide cumulative information.

Industry committee  No, the Canada Investment Act is for transactions by foreign firms that want to acquire Canadian firms.

Industry committee  For the opposite situation, the laws of the other countries would apply. We have no role to play in that regard.

Industry committee  ...American officials.

Industry committee  As I said earlier, the purpose of my appearance is to explain the act as it now stands in its present form.

Industry committee  I'm not here to propose possible changes.

Industry committee  I will say first that I administer the act. So I work with the tool that I am given to administer. That being said, I would like to clarify one point, that the $312 million is still the threshold in effect.

Industry committee  It hasn't changed yet, it is still the threshold in effect. In terms of what might happen, it is difficult to predict the level of activity exactly since it varies a lot from year to year. So we can't predict exactly and with certainty how many transactions would have a enterprise value above the threshold at that point.

Industry committee  The threshold does not apply under part IV.1.

Industry committee  They can be both.

Industry committee  That's correct.