The results of the one-for-one rule speak for themselves. We have seen a net reduction financially in cost to businesses in terms of administrative burden.
To go to a two-for-one rule, from an analytical perspective, the jury is still out in terms of the experiences from other countries. The U.K. has rolled back its efforts in terms of going from one-to-one to one-to-two to one-to-three, and in fact, it has eliminated the rule altogether.
Mexico introduced a two-for-one initiative and has scaled that back to a one-for-one initiative, and we are still seeing how that is performing. Spain has a one-for-one rule, and we are watching what they're doing. It depends on what the government is trying to accomplish in terms of administrative burden and looking across at the other tools in the tool box that we have.
We are looking at an annual administrative regulatory modernization bill. The first one was part of the budget implementation act last year in terms of removing regulatory irritants that businesses had identified. We expect to bring forward, with the minister's permission, another reg-mod bill in this session.
I've spoken a little about regulatory reviews, and so has my colleague. It's a question of a balanced package in terms of moving forward on the modernization of Canada's regulatory framework.