I would be happy to move amendment NDP-3, which, as I began to explain, is also dealing with this issue of when a loan is not a loan, when a loan is actually more properly a donation or undue corporate influence on the electoral process.
This subsection would say:
(1.1) Any loan of money that is made to a candidate by an individual is considered to be, for the purposes of subsection (1), a contribution made by that individual.
So having failed in the first one, and that individuals will in fact still be allowed to make loans, at least this loan cannot be any larger than the donation limit under the act. If you need to borrow $20,000 to run your own election campaign next time around, Mr. Chairman, you would have to find 20 people to loan you $1,000 each. That would be within what we're contemplating in this amendment.
(Amendment negatived)