[{"Id":12130509,"NumberCode":"C-34","NumberPrefix":"C","Number":34,"LongTitleEn":"An Act to amend the Investment Canada Act","LongTitleFr":"Loi modifiant la Loi sur Investissement Canada","LongTitle":"An Act to amend the Investment Canada Act","ShortTitleEn":"National Security Review of Investments Modernization Act","ShortTitleFr":"Loi sur la modernisation de l'examen des investissements relativement à la sécurité nationale","ShortTitle":"National Security Review of Investments Modernization Act","StatusId":357,"StatusNameEn":"Royal assent received","StatusNameFr":"Sanction royale reçue","StatusName":"Royal assent received","LatestCompletedMajorStageId":60046,"LatestCompletedMajorStageNameEn":"Royal assent","LatestCompletedMajorStageNameFr":"Sanction royale","LatestCompletedMajorStageName":"Royal assent","LatestCompletedMajorStageNameWithChamberSuffix":"Royal 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legislative summary is currently being prepared for this bill by the Parliamentary Information, Education and Research Services of the Library of Parliament. Meanwhile, the following executive summary is available.<br/><br/>On 7 December 2022, the Minister of Innovation, Science and Industry introduced Bill C-34 An Act to amend the Investment Canada Act (National Security Review of Investments Modernization Act), and it was given first reading.   <br/><br/>Bill C-34 amends the Investment Canada Act to, among other things,<br/><br/>(a) require notice of certain investments to be given prior to their implementation;<br/><br/>(b) authorize the Minister of Industry, after consultation with the Minister of Public Safety and Emergency Preparedness, to impose interim conditions in respect of investments in order to prevent injury to national security that could arise during the review;<br/><br/>(c) authorize the Minister of Industry to make an order for the further review of investments under Part IV.1;<br/><br/>(d) allow written undertakings to be submitted to the Minister of Industry to address risks of injury to national security and allow that Minister, with the concurrence of the Minister of Public Safety and Emergency Preparedness, to complete consideration of an investment because of the undertakings;<br/><br/>(e) introduce rules for the protection of information in the course of judicial review proceedings in relation to decisions and orders under Part IV.1;<br/><br/>(f) authorize the Minister of Industry to disclose information that is otherwise privileged under the Act to foreign states for the purposes of foreign investment reviews;<br/><br/>(g) establish a penalty not exceeding the greater of $500,000 and any prescribed amount, for failure to give notice of, or file applications with respect to, certain investments; and<br/><br/>(h) increase the penalty for other contraventions of the Act or the regulations to the greater of $25,000 and any prescribed amount for each day of the contravention.</div>","ShortLegislativeSummaryFr":"<div>Les Service d’information, d’éducation et de recherche parlementaires de la Bibliothèque du Parlement rédige actuellement le résumé législatif de ce projet de loi.  Entre-temps, le Service met à votre disposition le sommaire suivant.<br/><br/>Le 7 décembre 2022, le Ministre de l’Innovation, des Sciences et de l’Industrie a déposé le projet de loi C-34, Loi modifiant la Loi sur Investissement Canada (Loi sur la modernisation de l'examen des investissements relativement à la sécurité nationale), à la Chambre des communes en première lecture.  <br/><br/>Le projet de loi C-34 modifie la Loi sur Investissement Canada, notamment pour?:<br/><br/>a) exiger le dépôt d’un avis avant que certains investissements ne soient effectués;<br/><br/>b) autoriser le ministre de l’Industrie, après consultation du ministre de la Sécurité publique et de la Protection civile, à imposer des conditions provisoires à l’égard des investissements pour prévenir les atteintes à la sécurité nationale qui pourraient survenir pendant l’examen;<br/><br/>c) autoriser le ministre de l’Industrie à prendre un arrêté prolongeant l’examen au titre de la partie IV.1;<br/><br/>d) permettre que des engagements écrits soient soumis au ministre de l’Industrie afin de faire face aux risques d’atteinte à la sécurité nationale et prévoir qu’il peut, avec l’accord du ministre de la Sécurité publique et de la Protection civile, mettre fin à l’examen en raison des engagements qui ont été pris;<br/><br/>e) régir la protection des renseignements dans le cadre du contrôle judiciaire des décisions, des décrets et des arrêtés pris en vertu de la partie IV.1;<br/><br/>f) autoriser le ministre de l’Industrie à communiquer des renseignements confidentiels aux termes de la loi à des États étrangers dans le cadre de l’examen d’investissements étrangers;<br/><br/>g) prévoir une pénalité ne dépassant pas la somme la plus élevée entre 500?000?$ et la somme réglementaire en cas de défaut de déposer certains avis ou certaines demandes;<br/><br/>h) porter la pénalité en cas de toute autre contravention à cette loi ou aux règlements à la somme la plus élevée entre 25?000?$ et la somme réglementaire pour chacun des jours au cours desquels se commet ou se continue la contravention.</div>","ShortLegislativeSummary":"<div>A legislative summary is currently being prepared for this bill by the Parliamentary Information, Education and Research Services of the Library of Parliament. Meanwhile, the following executive summary is available.<br/><br/>On 7 December 2022, the Minister of Innovation, Science and Industry introduced Bill C-34 An Act to amend the Investment Canada Act (National Security Review of Investments Modernization Act), and it was given first reading.   <br/><br/>Bill C-34 amends the Investment Canada Act to, among other things,<br/><br/>(a) require notice of certain investments to be given prior to their implementation;<br/><br/>(b) authorize the Minister of Industry, after consultation with the Minister of Public Safety and Emergency Preparedness, to impose interim conditions in respect of investments in order to prevent injury to national security that could arise during the review;<br/><br/>(c) authorize the Minister of Industry to make an order for the further review of investments under Part IV.1;<br/><br/>(d) allow written undertakings to be submitted to the Minister of Industry to address risks of injury to national security and allow that Minister, with the concurrence of the Minister of Public Safety and Emergency Preparedness, to complete consideration of an investment because of the undertakings;<br/><br/>(e) introduce rules for the protection of information in the course of judicial review proceedings in relation to decisions and orders under Part IV.1;<br/><br/>(f) authorize the Minister of Industry to disclose information that is otherwise privileged under the Act to foreign states for the purposes of foreign investment reviews;<br/><br/>(g) establish a penalty not exceeding the greater of $500,000 and any prescribed amount, for failure to give notice of, or file applications with respect to, certain investments; and<br/><br/>(h) increase the penalty for other contraventions of the Act or the regulations to the greater of $25,000 and any prescribed amount for each day of the 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