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Member of the National Security and Intelligence Committee of Parliamentarians

Don Davies

  • Member of Parliament
  • Member of the National Security and Intelligence Committee of Parliamentarians
  • NDP
  • Vancouver Kingsway
  • British Columbia
  • Voting Attendance: 59%
  • Expenses Last Quarter: $153,893.57

  • Government Page
Context: House Hansard - 247 - Nov/6/23
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Nov/6/23 5:55:37 p.m.
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  • Re: Bill C-34 
Madam Speaker, we know that Parliament significantly reformed the ICA in 2009. That was of course done under a majority Conservative government led by Prime Minister Harper. At that time, a very ill-advised step was taken. The Conservative government raised the thresholds that would trigger a net benefit review of an investment under the act and eliminated most sector-specific requirements, with the notable exception of cultural businesses. At the same time, Parliament enacted provisions that granted the federal government more extensive powers to screen and potentially block any foreign investment that could threaten national security. Does my hon. colleague know how many investments have been blocked since 2009 under the foreign investment national security criterion?
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Context: House Hansard - 247 - Nov/6/23
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Nov/6/23 5:24:23 p.m.
  • Watch
  • Re: Bill C-34 
Madam Speaker, in a now notorious case, Chinese insurance agent Anbang took over B.C.-based Retirement Concepts, which was a Canadian-owned company that operated senior living facilities. At that time, Anbang was a privately owned corporation. This takeover was approved under the current rules, and almost immediately, we saw problems in seniors homes in British Columbia, including declining quality standards, seniors' needs not being taken care of and a general decline in the care of our seniors. It seems the current laws did not work in that case, and I am wondering if my hon. colleague has any suggestions on how we could strengthen Canadian laws to make sure that this kind of situation does not happen again, particularly when it has such devastating impacts on people as vulnerable as Canada's seniors.
135 words
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