Thank you, Madam Chair.
I'll turn to the two witnesses.
Mr. Schaan, I gather from your comments that Bill C‑253 isn't perfect. Compared to other bills introduced on the same issues or for the same reasons over the past 20 years, is this one better, in your opinion?
Could the entities regulated by this bill be spared the potential consequences of the legislation?
In Bill C‑253, that isn't the case. However, the guaranteed amounts that you just mentioned, which total $50,000 U.S., in the United States, are they guaranteed, not only by the entity or company and the funds set aside for retirement, but also by the government?
Do any governments in other parts of the world guarantee these types of amounts?
It's okay for one of you two to answer.