Madam Speaker, the Reform Party has tried to obstruct every part of this bill. I will first talk about Motion No. 6. It is very clear to me that the opposition is trying to completely water down the importance of this bill because it does not believe in small business and it is going to pay for that.
It is very important that small business be able to obtain a loan that is of higher risk than conventional loans. That is the objective of this bill. This motion would take away from that. Borrowers do pay a higher interest when they obtain these loans.
Motion No. 11 was debated in committee. It was agreed on by all parties. The industry committee is made up of all parties.
After much discussion with the stakeholders, including financial institutions, it was agreed that instead of 45 days it should be reduced to 21 days in order that a proper audit could be done, an audit that the auditor general experienced. We are using the auditor general's experience as we put information into this bill.
Remember, there are some 1,500 lenders and 13,000 points of service that have to comply with this request. It would be easier to have 21 days notice. On the other hand, it was also agreed that the minister would respond within 21 days to make the audit procedure in a proper manner.
Again I emphasize the importance of the small businesses financing bill. These motions water it down and should not be approved. I will continue to defend and make sure we have a Canada small businesses financing act that is valuable for small business from coast to coast. Therefore, I ask that members not vote for these two amendments.