Thank you, Mr. Chair.
It might help to simplify things. There is already a restriction in this bill for companies that choose to pay or increase executive compensation. The challenge is with someone gaming the system, as mentioned by our well-informed official, and paying dividends after the period is over. The exact same criticism could also apply to share repurchases.
This amendment, now that it is not retroactive, at least provides a significant amount of time for CRA officials to do what they have done plenty of times previously, which is to draft an interpretive note on how it will interpret this section. This would cause any public company that's asking for government funds to subsidize its wages to think very hard about the choices it's going to make before it asks for and receives government funding.
We have the executive compensation restriction. It is an incredibly reasonable amendment. Now its subamendment, on a go-forward basis, gives companies time to plan well in advance and think very hard before they take public funds.