No, they want the companies to voluntarily weaken security by adding backdoors and then giving keys to the government when needed. Of course the government wants the company to be in charge of holding the keys, that way when the government leaks them they can point all fingers at the companies (because once the government is given a key, they are going to hold onto it even if it isn't immediately linked due to already compromised systems).
There is only one professional fitting response: No. (There are a lot of fitting but less professional responses, but I'll leave those to your imagination.)