Okay.
A question for Mr. Laver. Of course the Bankruptcy and Insolvency Act is the responsibility of the industry minister, and John Manley, one of the longest-serving industry ministers in Canadian history, has commented on this. I'll quote from a public letter that he wrote and then have you comment. He says:
...Bill C-501 would weaken the financial viability of companies that sponsor those pensions, as well as the financial well-being of many Canadians who do not have such plans.
Bill C-501 does nothing to help Canadian businesses avoid bankruptcy. Instead, it only increases the possibility that companies with private pensions will fail. Nor does the bill benefit Canadians who do not have access to private pension plans. In fact, it could potentially hurt Canadians who invest in corporate bonds directly or through their retirement savings plans.
Can you expand on these points and maybe address some of the testimony you've heard today in light of those comments?