Thank you very much, Mr. Chair.
Thank you to all the witnesses today.
Mr. Rosenbloom, I'm interested for you to expand somewhat on, first of all, the simple things that you suggest may be a solution for Canada that would, I think, be very similar to what you propose for the United States. As well, perhaps you could define for me, in simple terms, the difference between the formulary approach versus the arm's-length approach, and some of the negative repercussions of proceeding on the arm's-length approach.