I indicated that I shared the concerns that Mr. Mayrand brought forth to the committee. I wasn't specific about this one, but I am certainly in agreement with him. The workability of a scheme involving guarantees of up to $1,200 from individuals is very hard, especially when one considers the amount that they've repaid, and then they can increase the amount that they would give. This is going to be very difficult.
I also should have indicated that I agree that it should be no longer a per event $1,200, but a per year $1,200 in order to facilitate the gathering of moneys, but what I'm proposing to you does away with guarantees entirely. The guarantee is provided by the EDA. The guarantee is provided by the party, or both, if they want to provide a guarantee. There's no longer an individual providing the guarantee.
If I may just say so, I know how difficult it is to collect on a pledge that you receive. I've heard about this. I think you would be one step removed on a loan guarantee, one step removed further away than a pledge for candidates and contestants to go and pick up moneys to repay an institution. That's why, under what I'm proposing, they're out of the game.