Thank you, Mr. Chair.
Thank you, Mr. Mayrand, for joining us today. It's always a pleasure to hear your commentary and your learned experience on this matter. Forgive me if I seem to jump around to a few different topics, but I do want to try to get to as much as I can in my five minutes.
I want to start with the foreign influence idea and the suggestion of the commingling, the laundering, of funds. I'm wondering if you could just confirm my thinking here. What you're looking at here is that where an organization, a third party, may receive a total of $100,000 of funding, $50,000 domestic contributions and $50,000 foreign, conceivably that organization could use that $50,000 from foreign money to allocate on its activity outside of an electoral period, thereby freeing up the other $50,000 to spend on elections and election purposes.
Is that where you see the challenge with the laundering type of idea?