Madam Speaker, I congratulate my colleague across the way on being newly appointed to our finance committee. I look forward to many future studies and discussions with him on the financial status of our country.
With regard to the bill, I acknowledge, as my colleague mentioned, that this will affect hundreds of thousands of Canadians. In fact, it will affect all Canadians. Financial systems affect not only the people who are working, but those who are benefiting from other forms of income. For example, it benefits our children. Therefore, it is very important that we continue to evaluate and ensure we get this right for all Canadians.
With regard to the Senate, we have some wonderful senators who work very hard to help move these kinds of very important legislation forward. The legislation has to go through both Houses before a decision can finally be implemented. We have a number of agenda items that affect the financial system and Canadians, including the pooled registered pension plan that we introduced recently and a number of other bills that are coming forward.
Since we have such a charged agenda, it is important that we also move Bill S-5 because of the sunset date. In our opinion, it is prudent to ensure we get this through as quickly as possible and use the expertise and the senators in a way that would help us do that.
I assure the member that the senators took great care in looking at the bill, as we will in the House. We have had a number of reviews already and I look forward to that member voting in favour to pass the bill in a timely manner.