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Decentralized Democracy

House Hansard - 163

44th Parl. 1st Sess.
February 17, 2023 10:00AM
Context: House Hansard - 163 - Feb/17/23
Mrs. Cathay Wagantall (Yorkton—Melville, CPC)
  • Feb/17/23 10:16:06 a.m.
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  • Re: Bill C-34 
Mr. Speaker, the minister is very pleased with this legislation, which would give him more power to extend the national security reviews of investments. By doing so, the power would be moved from the Governor in Council and would place the responsibility in the hands of two ministers: the Minister of Industry and the Minister of Public Safety. Why should we trust the government to remove the accountability measure of putting these types of issues to cabinet? As we have seen over the last eight years, there is an incredible move toward putting more power within the hands of ministers and outside advisory councils with no accountability to this place.
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Context: House Hansard - 163 - Feb/17/23
Mr. Marty Morantz
  • Feb/17/23 10:43:06 a.m.
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  • Re: Bill C-34 
Mr. Speaker, I enjoy working with my colleague on the finance committee. He always has excellent questions and makes excellent points, and this is in fact one of them. This is an opportunity to really overhaul how Canada reviews foreign investment, in light of the new world that we are living in. I agree with the member entirely. The committee needs to have a serious look at what we could do. It could be by reducing the threshold to zero; by including asset purchases; by making sure it is not just the Minister of Industry who decides, but all of cabinet or some other broader mechanism. That would make sure Canadians remain in control of their economic future.
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Context: House Hansard - 163 - Feb/17/23
Mr. Philip Lawrence
  • Feb/17/23 10:55:51 a.m.
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  • Re: Bill C-34 
Mr. Speaker, I very much enjoyed working with the fine member from the Bloc Québécois at the finance committee. I am confident we will work with the members of the Bloc to include things like automatic triggers for reviews by cabinet and for reducing the ability of actors to avoid this through things like asset sales and otherwise. We need to tighten up potential loopholes in this legislation to make sure we can fully protect Canadian companies, resources and ideas.
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