Mr. Speaker, we have often stated this is going to be a Parliament of reform. This is true reform today because we are changing the normal process.
Dealing with the joint and several guarantees, I share the member's view that right now when most financial institutions have a guarantor on the hook which has, to use the member's words, deep pockets, it tends to be the victim if there is default. The bank tends to go after the guarantor.
We have to deal with this issue. Within the next couple of months the industry committee in deciding its first order of business will have a session to listen to all the Canadian financial institutions. They can talk about what they are doing for small business and the various structures the banks employ which inhibit capital getting to small business or people taking risks. I suggest the hon. member bring forward his concern to the bank presidents appearing before that committee and maybe we can get some amendment.
On the second point, the RRSP conversion into small business is an interesting idea.
I have to say the Reform Party is always reminding us about how sensitive we must be of the treasury in terms of cutting and costs to the treasury. The member should realize that would be a cost to the treasury. It would probably be an enormous cost but, in the interest of getting small business moving again and inspiring more diverse ownership in small business, I would certainly think it should be something the Minister of Finance should consider.