Thank you very much, Chair.
I have to say I had high hopes for the idea of this legislation. I had some concerns about it, but now having heard the questions and the answers, I'm really concerned about what we're trying to do here.
We have indicated that we all agree there's a terrible problem with vulnerable people being taken advantage of by unscrupulous, crooked consultants--it's even in the name of the bill--but we have heard there are not going to be any extra resources or money to this new body to address some of the flaws in the existing system. There is no more money for enforcement. The CBSA, the Canada Border Services Agency, is responsible for going out and finding those people who will end up with these $50,000 fines or two-years-in-jail punishments, but there are no extra resources for them to go after these people.
I'm really worried that the proposal that has been put out, which was published in the Canada Gazette on August 28, is not going to get anyone who wants to take up the challenge on this legislation that has been thrown together without any proper due diligence on what the requirements of such a body would be. Obviously, the answer is they have until the end of December of this year, another three months away, to apply, but how many different parties have indicated their interest? Surely, up to this point, any serious party that would want to take on such an important role as a regulator would have consulted, at least semi-casually, with officials at CIC about making sure they achieve this.
So I'm curious to see how many different parties have approached...about possibly being their regulator.