Sorry, I'm going to interrupt you a bit because we're going to bump up against votes here.
I will go to Mr. Hensel for a moment.
One banking official said that this is a bad deal and a terrible situation.
One of the things we're looking to do at this committee—we shouldn't pretend this is a proper study of this 336-page omnibus bill. We're spending exactly 120 minutes on a component of this tax treaty, or maybe not a tax treaty.
In terms of trying to improve it and offer amendments, a suggestion was made to delineate who was caught up in this net. We have agreed that we are not a tax haven—and I don't think we're any threat to become a tax haven, and any suggestions of that are foolish, by the American or Canadian perception—but we could delineate who is actually being targeted and not allow Washington to do all of that designation. If a U.S. citizen is temporarily living in Canada, that is an obvious person the IRS is looking to get after.
As has been explained by our witness, Ms. Swanson, under this bill, somebody who was born in Canada, who by any definition would be Canadian, is going to have their information transferred to the IRS without their knowledge, or consent certainly, and who has for perhaps their entire lives deemed themselves to be Canadians. Should we seek out amendments to delineate more specifically, under our powers as legislators, who will actually be impacted and affected by this intergovernmental agreement?