Thank you, Mr. Chair.
I want to commend Mr. Hoback for the proposal. I want to add that the finance department is actually responsible for much of the oversight for measures that affect consumers, like this new digital payment. Unfortunately, the industry committee hasn't looked at what the responsibilities in that area would be. That's why the finance ministry would take some good best practices from a study like this. Of course, we've heard numerous times the NDP ask questions about protecting consumers in the House of Commons. As a government, we have developed the code of conduct,and we continue to look for ways to ensure consumers are protected.
Again, the industry committee did not look at the oversight mechanisms. They did not look at how the Office of the Superintendent of Financial Institutions would play a role in that. Because of that lapse, this is a tremendously important proposal put forward by Mr. Hoback. I intend to support it. I intend to continue to protect consumers as well as we possibly can. This is just one more piece towards making sure we continue that.