Vote Yes
An Act to amend the Department of Foreign Affairs, Trade and Development Act, the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law), the Special Economic Measures Act and the Broadcasting Act
Overall, this bill modestly aligns with Build Canada’s tenets by enhancing rule‑of‑law, investor confidence, and coordination with allies while limiting economic downsides to targeted areas. Its benefits for prosperity are indirect but positive; the primary trade‑offs are narrower export markets to sanctioned actors and added compliance.
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Indirect effects: strengthens Canada’s rule‑of‑law reputation and security, but may modestly reduce trade with sanctioned actors; net impact on national wealth is unclear.
Introduces targeted restrictions (e.g., on certain broadcasters and visas) yet also imposes clear timelines, transparency, and inter‑agency coordination that reduce policy inertia in sanctions enforcement.
Could enhance competitiveness by deterring corrupt capital and foreign interference, but adds compliance burdens without directly addressing productivity drivers.
Expanded and expedited sanctions can restrict exports and services to targeted jurisdictions, trimming some market access even if narrowly focused and allied‑aligned.
Stronger anti‑corruption and anti‑repression measures improve investor confidence and Canada’s reputation as a clean, rules‑based market, supporting long‑term investment.
Deadlines, information‑sharing, and mandated reporting improve process clarity, but added oversight and enforcement likely increase administrative workload and costs.
No tax measures are included.
Significant for foreign policy and integrity, but it does not directly deliver large-scale growth or productivity reforms.
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