Thank you, Mr. Chair.
Minister, Parliament has created the First Nations Finance Authority or FNFA to offer investment and loan opportunities to help First Nations establish a solid foundation for governance. Given its diligence in serving its role from the outset, the FNFA has proven to be reliable throughout its financial history.
If we allow the FNFA to support first nations project proponents on reserves, that might offer a solution for housing construction. The monetization of federal transfers could accelerate the funding and development of infrastructure and better protect community assets through the mutualization of risk for assets and responsibilities. Those are suggestions.
Further, at the last committee meeting, Rob Wright, the associate deputy minister of Crown Indigenous Relations and Northern Affairs Canada, proposed gradual changes to the legislation to address the issue of expanding loan guarantees.
Since it is much easier to make regulations than to enact legislation, can you assure us that new regulations will be given consideration and priority under your leadership?