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ARTICLE · 11 OCTOBER 2023

Update On Proposed Amendments To The Investment Canada Act

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By way of background, Bill C-34 was introduced in the House of Commons by the Minister of Innovation, Science and Industry (the "Minister") on December 7, 2022.

CanadaGovernment, Public Sector
Douglas New
Douglas New
Andrew House
Andrew House
Robin Spillette
Robin Spillette
Henry Gray
Henry Gray
Adele Ambrose
Adele Ambrose
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On September 28, 2023, the House of Commons Standing Committee on Industry and Technology ("INDU") – the committee tasked with studying the legislation and activities of Innovation, Science and Economic Development Canada – concluded its study ofBill C-34:An Act to amend the Investment Canada Actandreportedits proposed amendments to the House of Commons.

First reading

By way of background, Bill C-34 was introduced in the House of Commons by the Minister of Innovation, Science and Industry (the "Minister") on December 7, 2022. AsFasken's Competition, Marketing & Foreign Investmentgrouphighlightedat the time, the amendments contained in the bill, which is expected to be enacted by 2024, would represent the most significant legislative changes to theInvestment Canada Act(the "ICA") since national security provisions were introduced in 2009.

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