Thank you, Madam Chair.
I'd like to thank my colleague Mr. Seeback for his initiative and I commend him for it. I'm very pleased that he is with us today.
I'm going to go back to the question Ms. Kayabaga asked about the process for setting up a framework for foreign insurers.
As I understand it, Bill C‑242 puts everything in the minister's hands in terms of setting up a framework for private insurers.
Is that correct?