Mr. Speaker, my colleague from Kelowna gave an excellent speech in which he illustrated some of the problems with the SBLA.
I am curious about the aspect of the lender. There seem to be numerous loopholes within the act which enable the banks to engage in what may be termed as less than attentive policies toward what they are lending and the conditions under which they are lending. We found one of the problems is that the act enables the banks to lend to people without due care to the criteria upon which they apply.
I am sure the hon. member has read the auditor general's report on the Small Business Loans Act. Could he provide the House with any constructive suggestions for how the government could change the SBLA to ensure the lender is taking due care?